Total monthly cost of ownership
Cost to Own a Home in Poseyville, Indiana
A $132,000 home here costs
$1,165per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $679. The real number is $487 higher every month — 72% 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.
Poseyville against Posey County and Indiana
| Measure | Poseyville | Posey County |
|---|---|---|
| Median home value | $131,500 | $218,000 |
| Median property tax | $1,068 | $1,370 |
| Effective tax rate | 0.812% | 0.628% |
| Median gross rent | $722 | $744 |
| Population | 1,131 | 25,163 |
The weather behind that power bill
Poseyville sits in Posey County, which averages a high of 87.9°F in its hottest month and a low of 22.9°F in its coldest, with 46.62" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,342 cooling and 4,609 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Posey County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Posey County
Common questions
How much does it cost to own a home in Poseyville?
A $132,000 home in Poseyville, Indiana costs approximately $1,165 per month with 20% down at 6.66%. That is $679 principal and interest, $89 property tax, $56 homeowners insurance, $231 utilities and $110 set aside for maintenance.
What is the property tax rate in Poseyville?
Poseyville has an effective property tax rate of 0.812%, based on a median home value of $131,500 and median real estate taxes of $1,068. That is higher than the Posey County average of 0.628%.
What is the average home price in Poseyville?
The median owner-occupied home value in Poseyville, Indiana is $131,500, against $218,000 across Posey County.
Is it cheaper to rent or buy in Poseyville?
Median gross rent in Poseyville is $722 a month, against $1,165 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 Poseyville — 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.