Total monthly cost of ownership
Cost to Own a Home in Plymouth, Indiana
A $122,000 home here costs
$1,089per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $627. The real number is $462 higher every month — 74% 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.
Plymouth against Marshall County and Indiana
| Measure | Plymouth | Marshall County |
|---|---|---|
| Median home value | $122,200 | $184,500 |
| Median property tax | $922 | $1,260 |
| Effective tax rate | 0.755% | 0.683% |
| Median gross rent | $957 | $936 |
| Population | 10,506 | 46,225 |
The weather behind that power bill
Plymouth sits in Marshall County, which averages a high of 83.8°F in its hottest month and a low of 16.7°F in its coldest, with 40.26" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 829 cooling and 6,263 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Marshall County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Marshall County
Full Marshall County cost breakdown · Every county in Indiana
Common questions
How much does it cost to own a home in Plymouth?
A $122,000 home in Plymouth, Indiana costs approximately $1,089 per month with 20% down at 6.66%. That is $627 principal and interest, $77 property tax, $52 homeowners insurance, $231 utilities and $102 set aside for maintenance.
What is the property tax rate in Plymouth?
Plymouth has an effective property tax rate of 0.755%, based on a median home value of $122,200 and median real estate taxes of $922. That is higher than the Marshall County average of 0.683%.
What is the average home price in Plymouth?
The median owner-occupied home value in Plymouth, Indiana is $122,200, against $184,500 across Marshall County.
Is it cheaper to rent or buy in Plymouth?
Median gross rent in Plymouth is $957 a month, against $1,089 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 Plymouth — 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.