Total monthly cost of ownership
Cost to Own a Home in Rockport, Indiana
A $105,000 home here costs
$964per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $540. The real number is $424 higher every month — 79% 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.
Rockport against Spencer County and Indiana
| Measure | Rockport | Spencer County |
|---|---|---|
| Median home value | $105,000 | $180,200 |
| Median property tax | $732 | $1,138 |
| Effective tax rate | 0.697% | 0.632% |
| Median gross rent | $628 | $697 |
| Population | 2,088 | 19,871 |
The weather behind that power bill
Rockport sits in Spencer County, which averages a high of 85.3°F in its hottest month and a low of 25.8°F in its coldest, with 51.28" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 1,215 cooling and 4,572 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Spencer County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Spencer County
Full Spencer County cost breakdown · Every county in Indiana
Common questions
How much does it cost to own a home in Rockport?
A $105,000 home in Rockport, Indiana costs approximately $964 per month with 20% down at 6.66%. That is $540 principal and interest, $61 property tax, $45 homeowners insurance, $231 utilities and $88 set aside for maintenance.
What is the property tax rate in Rockport?
Rockport has an effective property tax rate of 0.697%, based on a median home value of $105,000 and median real estate taxes of $732. That is higher than the Spencer County average of 0.632%.
What is the average home price in Rockport?
The median owner-occupied home value in Rockport, Indiana is $105,000, against $180,200 across Spencer County.
Is it cheaper to rent or buy in Rockport?
Median gross rent in Rockport is $628 a month, against $964 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 Rockport — 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.