Total monthly cost of ownership
Cost to Own a Home in North Vernon, Indiana
A $108,000 home here costs
$982per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $555. The real number is $427 higher every month — 77% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
North Vernon against Jennings County and Indiana
| Measure | North Vernon | Jennings County |
|---|---|---|
| Median home value | $107,900 | $154,600 |
| Median property tax | $713 | $903 |
| Effective tax rate | 0.661% | 0.584% |
| Median gross rent | $904 | $906 |
| Population | 7,214 | 27,584 |
The weather behind that power bill
North Vernon sits in Jennings County, which averages a high of 85.5°F in its hottest month and a low of 23.3°F in its coldest, with 49.3" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,096 cooling and 4,775 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Jennings County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Jennings County
Full Jennings County cost breakdown · Every county in Indiana
Common questions
How much does it cost to own a home in North Vernon?
A $108,000 home in North Vernon, Indiana costs approximately $982 per month with 20% down at 6.66%. That is $555 principal and interest, $59 property tax, $46 homeowners insurance, $231 utilities and $90 set aside for maintenance.
What is the property tax rate in North Vernon?
North Vernon has an effective property tax rate of 0.661%, based on a median home value of $107,900 and median real estate taxes of $713. That is higher than the Jennings County average of 0.584%.
What is the average home price in North Vernon?
The median owner-occupied home value in North Vernon, Indiana is $107,900, against $154,600 across Jennings County.
Is it cheaper to rent or buy in North Vernon?
Median gross rent in North Vernon is $904 a month, against $982 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for North Vernon — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Indiana.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.