Total monthly cost of ownership
Cost to Own a Home in Owensville, Indiana
A $115,000 home here costs
$1,093per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $47,000 a year.
A standard mortgage calculator would have told you $627. The real number is $466 higher every month, 74% more than the payment most buyers budget for.
Compare Gibson County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Owensville from a five-year rolling sample, and with about 1,232 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 Gibson 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.
Owensville against Gibson County and Indiana
| Measure | Owensville | Gibson County |
|---|---|---|
| Median home value | $114,800 | $170,500 |
| Median property tax | $1,198 | $1,244 |
| Effective tax rate | 1.044% | 0.730% |
| Median gross rent | $681 | $914 |
| Population | 1,232 | 32,986 |
The weather behind that power bill
Owensville sits in Gibson County, which averages a high of 88.0°F in its hottest month and a low of 21.1°F in its coldest, with 49.84" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,303 cooling and 4,920 heating degree days, which is what sets the $153 electricity line above.
See the full climate breakdown for Gibson County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Gibson County
Talk to someone who works this market
These are Owensville 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 Owensville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Owensville I already own here and may sell
Common questions
How much does it cost to own a home in Owensville?
A $115,000 home in Owensville, Indiana costs approximately $1,093 per month with 20% down at 7.24%. That is $627 principal and interest, $100 property tax, $49 homeowners insurance, $221 utilities and $96 set aside for maintenance.
What is the property tax rate in Owensville?
Owensville has an effective property tax rate of 1.044%, based on a median home value of $114,800 and median real estate taxes of $1,198. That is higher than the Gibson County average of 0.730%.
What is the average home price in Owensville?
The median owner-occupied home value in Owensville, Indiana is $114,800, against $170,500 across Gibson County.
Is it cheaper to rent or buy in Owensville?
Median gross rent in Owensville is $681 a month, against $1,093 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 Owensville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Owensville, Indiana at today's rate takes a household income of roughly $47,000 a year. That covers the full $1,093 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Owensville, 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.