Total monthly cost of ownership
Cost to Own a Home in Russiaville, Indiana
A $175,000 home here costs
$1,459per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $900. The real number is $559 higher every month — 62% 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.
Russiaville against Howard County and Indiana
| Measure | Russiaville | Howard County |
|---|---|---|
| Median home value | $175,300 | $151,500 |
| Median property tax | $1,296 | $1,110 |
| Effective tax rate | 0.739% | 0.733% |
| Median gross rent | $897 | $915 |
| Population | 1,374 | 83,610 |
The weather behind that power bill
Russiaville sits in Howard County, which averages a high of 83.7°F in its hottest month and a low of 16.7°F in its coldest, with 44.4" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 833 cooling and 6,060 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Howard County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Howard County
Common questions
How much does it cost to own a home in Russiaville?
A $175,000 home in Russiaville, Indiana costs approximately $1,459 per month with 20% down at 6.66%. That is $900 principal and interest, $108 property tax, $75 homeowners insurance, $231 utilities and $146 set aside for maintenance.
What is the property tax rate in Russiaville?
Russiaville has an effective property tax rate of 0.739%, based on a median home value of $175,300 and median real estate taxes of $1,296. That is in line with the Howard County average of 0.733%.
What is the average home price in Russiaville?
The median owner-occupied home value in Russiaville, Indiana is $175,300, against $151,500 across Howard County.
Is it cheaper to rent or buy in Russiaville?
Median gross rent in Russiaville is $897 a month, against $1,459 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 Russiaville — 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.