Total monthly cost of ownership
Cost to Own a Home in Rising Sun, Indiana
A $142,000 home here costs
$1,241per 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 $53,000 a year.
A standard mortgage calculator would have told you $774. The real number is $467 higher every month, 60% more than the payment most buyers budget for.
Compare Ohio County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Rising Sun from a five-year rolling sample, and with about 2,570 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 Ohio 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.
Rising Sun against Ohio County and Indiana
| Measure | Rising Sun | Ohio County |
|---|---|---|
| Median home value | $141,500 | $193,500 |
| Median property tax | $793 | $1,179 |
| Effective tax rate | 0.560% | 0.609% |
| Median gross rent | $797 | $852 |
| Population | 2,570 | 5,993 |
The weather behind that power bill
Rising Sun sits in Ohio 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 $153 electricity line above.
See the full climate breakdown for Ohio County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Ohio County
No other places of this size are published in Ohio County.
Talk to someone who works this market
These are Rising Sun 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 Rising Sun every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Rising Sun I already own here and may sell
Common questions
How much does it cost to own a home in Rising Sun?
A $142,000 home in Rising Sun, Indiana costs approximately $1,241 per month with 20% down at 7.24%. That is $774 principal and interest, $66 property tax, $61 homeowners insurance, $221 utilities and $118 set aside for maintenance.
What is the property tax rate in Rising Sun?
Rising Sun has an effective property tax rate of 0.560%, based on a median home value of $141,500 and median real estate taxes of $793. That is lower than the Ohio County average of 0.609%.
What is the average home price in Rising Sun?
The median owner-occupied home value in Rising Sun, Indiana is $141,500, against $193,500 across Ohio County.
Is it cheaper to rent or buy in Rising Sun?
Median gross rent in Rising Sun is $797 a month, against $1,241 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 Rising Sun?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Rising Sun, Indiana at today's rate takes a household income of roughly $53,000 a year. That covers the full $1,241 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Rising Sun, 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.