Total monthly cost of ownership
Cost to Own a Home in Osgood, Indiana
A $116,000 home here costs
$1,013per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $596. The real number is $416 higher every month — 70% 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.
Osgood against Ripley County and Indiana
| Measure | Osgood | Ripley County |
|---|---|---|
| Median home value | $116,200 | $205,300 |
| Median property tax | $467 | $1,182 |
| Effective tax rate | 0.402% | 0.576% |
| Median gross rent | $826 | $799 |
| Population | 1,583 | 29,039 |
The weather behind that power bill
Osgood sits in Ripley County, which averages a high of 86.0°F in its hottest month and a low of 23.1°F in its coldest, with 45.26" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,160 cooling and 4,892 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Ripley County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Ripley County
Common questions
How much does it cost to own a home in Osgood?
A $116,000 home in Osgood, Indiana costs approximately $1,013 per month with 20% down at 6.66%. That is $596 principal and interest, $39 property tax, $49 homeowners insurance, $231 utilities and $97 set aside for maintenance.
What is the property tax rate in Osgood?
Osgood has an effective property tax rate of 0.402%, based on a median home value of $116,200 and median real estate taxes of $467. That is lower than the Ripley County average of 0.576%.
What is the average home price in Osgood?
The median owner-occupied home value in Osgood, Indiana is $116,200, against $205,300 across Ripley County.
Is it cheaper to rent or buy in Osgood?
Median gross rent in Osgood is $826 a month, against $1,013 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 Osgood — 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.