Total monthly cost of ownership
Cost to Own a Home in Utica, Indiana
A $211,000 home here costs
$1,744per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $74,500 a year.
A standard mortgage calculator would have told you $1,150. The real number is $594 higher every month, 52% more than the payment most buyers budget for.
Compare Clark County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Utica from a five-year rolling sample, and with about 1,017 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Clark County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Utica against Clark County and Indiana
| Measure | Utica | Clark County |
|---|---|---|
| Median home value | $210,900 | $212,400 |
| Median property tax | $1,275 | $1,566 |
| Effective tax rate | 0.605% | 0.737% |
| Median gross rent | $1,295 | $1,058 |
| Population | 1,017 | 122,800 |
The weather behind that power bill
Utica sits in Clark County, which averages a high of 87.9°F in its hottest month and a low of 27.1°F in its coldest, with 48.12" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,543 cooling and 4,150 heating degree days, which is what sets the $153 electricity line above.
See the full climate breakdown for Clark County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Clark County
Talk to someone who works this market
These are Utica averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Utica every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Utica?
A $211,000 home in Utica, Indiana costs approximately $1,744 per month with 20% down at 7.24%. That is $1,150 principal and interest, $106 property tax, $90 homeowners insurance, $221 utilities and $176 set aside for maintenance.
What is the property tax rate in Utica?
Utica has an effective property tax rate of 0.605%, based on a median home value of $210,900 and median real estate taxes of $1,275. That is lower than the Clark County average of 0.737%.
What is the average home price in Utica?
The median owner-occupied home value in Utica, Indiana is $210,900, against $212,400 across Clark County.
Is it cheaper to rent or buy in Utica?
Median gross rent in Utica is $1,295 a month, against $1,744 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Utica?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Utica, Indiana at today's rate takes a household income of roughly $74,500 a year. That covers the full $1,744 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Utica, 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.