Total monthly cost of ownership
Cost to Own a Home in Rushville, Indiana
A $120,000 home here costs
$1,074per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $617. The real number is $457 higher every month — 74% 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.
Rushville against Rush County and Indiana
| Measure | Rushville | Rush County |
|---|---|---|
| Median home value | $120,000 | $155,900 |
| Median property tax | $894 | $1,013 |
| Effective tax rate | 0.745% | 0.650% |
| Median gross rent | $844 | $831 |
| Population | 6,186 | 16,734 |
The weather behind that power bill
Rushville sits in Rush County, which averages a high of 83.4°F in its hottest month and a low of 19.1°F in its coldest, with 45.61" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 881 cooling and 5,683 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Rush County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Rush County
No other places of this size are published in Rush County.
Common questions
How much does it cost to own a home in Rushville?
A $120,000 home in Rushville, Indiana costs approximately $1,074 per month with 20% down at 6.66%. That is $617 principal and interest, $75 property tax, $51 homeowners insurance, $231 utilities and $100 set aside for maintenance.
What is the property tax rate in Rushville?
Rushville has an effective property tax rate of 0.745%, based on a median home value of $120,000 and median real estate taxes of $894. That is higher than the Rush County average of 0.650%.
What is the average home price in Rushville?
The median owner-occupied home value in Rushville, Indiana is $120,000, against $155,900 across Rush County.
Is it cheaper to rent or buy in Rushville?
Median gross rent in Rushville is $844 a month, against $1,074 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 Rushville — 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.