Total monthly cost of ownership
Cost to Own a Home in Sullivan, Indiana
A $97,000 home here costs
$925per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $499. The real number is $427 higher every month — 86% 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.
Sullivan against Sullivan County and Indiana
| Measure | Sullivan | Sullivan County |
|---|---|---|
| Median home value | $97,000 | $122,200 |
| Median property tax | $881 | $825 |
| Effective tax rate | 0.908% | 0.675% |
| Median gross rent | $836 | $813 |
| Population | 4,250 | 20,766 |
The weather behind that power bill
Sullivan sits in Sullivan County, which averages a high of 85.6°F in its hottest month and a low of 20.6°F in its coldest, with 47.17" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 1,193 cooling and 5,043 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Sullivan County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Sullivan County
Full Sullivan County cost breakdown · Every county in Indiana
Common questions
How much does it cost to own a home in Sullivan?
A $97,000 home in Sullivan, Indiana costs approximately $925 per month with 20% down at 6.66%. That is $499 principal and interest, $73 property tax, $41 homeowners insurance, $231 utilities and $81 set aside for maintenance.
What is the property tax rate in Sullivan?
Sullivan has an effective property tax rate of 0.908%, based on a median home value of $97,000 and median real estate taxes of $881. That is higher than the Sullivan County average of 0.675%.
What is the average home price in Sullivan?
The median owner-occupied home value in Sullivan, Indiana is $97,000, against $122,200 across Sullivan County.
Is it cheaper to rent or buy in Sullivan?
Median gross rent in Sullivan is $836 a month, against $925 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 Sullivan — 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.