Total monthly cost of ownership
Cost to Own a Home in Rockville, Indiana
A $98,000 home here costs
$909per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $504. The real number is $405 higher every month — 80% 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.
Rockville against Parke County and Indiana
| Measure | Rockville | Parke County |
|---|---|---|
| Median home value | $97,800 | $139,300 |
| Median property tax | $607 | $691 |
| Effective tax rate | 0.621% | 0.496% |
| Median gross rent | $657 | $731 |
| Population | 2,551 | 16,346 |
The weather behind that power bill
Rockville sits in Parke County, which averages a high of 85.8°F in its hottest month and a low of 17.2°F in its coldest, with 47.43" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 917 cooling and 5,635 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Parke County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Parke County
No other places of this size are published in Parke County.
Common questions
How much does it cost to own a home in Rockville?
A $98,000 home in Rockville, Indiana costs approximately $909 per month with 20% down at 6.66%. That is $504 principal and interest, $51 property tax, $42 homeowners insurance, $231 utilities and $82 set aside for maintenance.
What is the property tax rate in Rockville?
Rockville has an effective property tax rate of 0.621%, based on a median home value of $97,800 and median real estate taxes of $607. That is higher than the Parke County average of 0.496%.
What is the average home price in Rockville?
The median owner-occupied home value in Rockville, Indiana is $97,800, against $139,300 across Parke County.
Is it cheaper to rent or buy in Rockville?
Median gross rent in Rockville is $657 a month, against $909 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 Rockville — 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.