Total monthly cost of ownership
Cost to Own a Home in Utica, Indiana
A $211,000 home here costs
$1,688per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,085. The real number is $603 higher every month — 56% 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.
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 $163 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
Common questions
How much does it cost to own a home in Utica?
A $211,000 home in Utica, Indiana costs approximately $1,688 per month with 20% down at 6.66%. That is $1,085 principal and interest, $106 property tax, $90 homeowners insurance, $231 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 $1,688 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 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.