Total monthly cost of ownership
Cost to Own a Home in Rising Sun, Indiana
A $142,000 home here costs
$1,206per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $730. The real number is $476 higher every month — 65% 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.
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 $163 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.
Common questions
How much does it cost to own a home in Rising Sun?
A $142,000 home in Rising Sun, Indiana costs approximately $1,206 per month with 20% down at 6.66%. That is $730 principal and interest, $66 property tax, $61 homeowners insurance, $231 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 $1,206 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 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.