Total monthly cost of ownership
Cost to Own a Home in Osceola, Indiana
A $178,000 home here costs
$1,534per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $65,500 a year.
A standard mortgage calculator would have told you $986. The real number is $548 higher every month, 56% more than the payment most buyers budget for.
Compare St. Joseph County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Osceola from a five-year rolling sample, and with about 2,583 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The St. Joseph County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Osceola against St. Joseph County and Indiana
| Measure | Osceola | St. Joseph County |
|---|---|---|
| Median home value | $178,300 | $179,800 |
| Median property tax | $1,257 | $1,559 |
| Effective tax rate | 0.705% | 0.867% |
| Median gross rent | $1,346 | $1,030 |
| Population | 2,583 | 272,574 |
The weather behind that power bill
Osceola sits in St. Joseph County, which averages a high of 82.7°F in its hottest month and a low of 17.0°F in its coldest, with 39.23" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 722 cooling and 6,400 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for St. Joseph County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in St. Joseph County
Full St. Joseph County cost breakdown · Every county in Indiana
Talk to someone who works this market
These are Osceola averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Osceola every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Osceola I already own here and may sell
Common questions
How much does it cost to own a home in Osceola?
A $178,000 home in Osceola, Indiana costs approximately $1,534 per month with 20% down at 7.4%. That is $986 principal and interest, $105 property tax, $76 homeowners insurance, $219 utilities and $148 set aside for maintenance.
What is the property tax rate in Osceola?
Osceola has an effective property tax rate of 0.705%, based on a median home value of $178,300 and median real estate taxes of $1,257. That is lower than the St. Joseph County average of 0.867%.
What is the average home price in Osceola?
The median owner-occupied home value in Osceola, Indiana is $178,300, against $179,800 across St. Joseph County.
Is it cheaper to rent or buy in Osceola?
Median gross rent in Osceola is $1,346 a month, against $1,534 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Osceola?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Osceola, Indiana at today's rate takes a household income of roughly $65,500 a year. That covers the full $1,534 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Osceola, 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.