Total monthly cost of ownership
Cost to Own a Home in Sunman, Indiana
A $189,000 home here costs
$1,536per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $972. The real number is $564 higher every month — 58% 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.
Sunman against Ripley County and Indiana
| Measure | Sunman | Ripley County |
|---|---|---|
| Median home value | $188,700 | $205,300 |
| Median property tax | $1,139 | $1,182 |
| Effective tax rate | 0.604% | 0.576% |
| Median gross rent | $845 | $799 |
| Population | 1,283 | 29,039 |
The weather behind that power bill
Sunman sits in Ripley County, which averages a high of 86.0°F in its hottest month and a low of 23.1°F in its coldest, with 45.26" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,160 cooling and 4,892 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Ripley County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Ripley County
Common questions
How much does it cost to own a home in Sunman?
A $189,000 home in Sunman, Indiana costs approximately $1,536 per month with 20% down at 6.66%. That is $972 principal and interest, $95 property tax, $81 homeowners insurance, $231 utilities and $158 set aside for maintenance.
What is the property tax rate in Sunman?
Sunman has an effective property tax rate of 0.604%, based on a median home value of $188,700 and median real estate taxes of $1,139. That is higher than the Ripley County average of 0.576%.
What is the average home price in Sunman?
The median owner-occupied home value in Sunman, Indiana is $188,700, against $205,300 across Ripley County.
Is it cheaper to rent or buy in Sunman?
Median gross rent in Sunman is $845 a month, against $1,536 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 Sunman — 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.