Total monthly cost of ownership
Cost to Own a Home in Vevay, Indiana
A $122,000 home here costs
$1,092per 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 $47,000 a year.
A standard mortgage calculator would have told you $665. The real number is $426 higher every month, 64% more than the payment most buyers budget for.
Compare Switzerland County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Vevay from a five-year rolling sample, and with about 2,087 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 Switzerland 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.
Vevay against Switzerland County and Indiana
| Measure | Vevay | Switzerland County |
|---|---|---|
| Median home value | $122,100 | $183,200 |
| Median property tax | $617 | $755 |
| Effective tax rate | 0.505% | 0.412% |
| Median gross rent | $753 | $720 |
| Population | 2,087 | 9,914 |
The weather behind that power bill
Vevay sits in Switzerland County, which averages a high of 86.3°F in its hottest month and a low of 23.1°F in its coldest, with 47.84" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,155 cooling and 4,695 heating degree days, which is what sets the $153 electricity line above.
See the full climate breakdown for Switzerland County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Switzerland County
No other places of this size are published in Switzerland County.
Full Switzerland County cost breakdown · Every county in Indiana
Talk to someone who works this market
These are Vevay 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 Vevay 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 Vevay?
A $122,000 home in Vevay, Indiana costs approximately $1,092 per month with 20% down at 7.24%. That is $665 principal and interest, $51 property tax, $52 homeowners insurance, $221 utilities and $102 set aside for maintenance.
What is the property tax rate in Vevay?
Vevay has an effective property tax rate of 0.505%, based on a median home value of $122,100 and median real estate taxes of $617. That is higher than the Switzerland County average of 0.412%.
What is the average home price in Vevay?
The median owner-occupied home value in Vevay, Indiana is $122,100, against $183,200 across Switzerland County.
Is it cheaper to rent or buy in Vevay?
Median gross rent in Vevay is $753 a month, against $1,092 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 Vevay?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Vevay, Indiana at today's rate takes a household income of roughly $47,000 a year. That covers the full $1,092 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Vevay, 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.