Total monthly cost of ownership
Cost to Own a Home in Vincennes, Indiana
A $99,000 home here costs
$952per 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 $41,000 a year.
A standard mortgage calculator would have told you $540. The real number is $413 higher every month, 76% more than the payment most buyers budget for.
Compare Knox County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Vincennes against Knox County and Indiana
| Measure | Vincennes | Knox County |
|---|---|---|
| Median home value | $98,700 | $123,500 |
| Median property tax | $796 | $895 |
| Effective tax rate | 0.806% | 0.725% |
| Median gross rent | $792 | $782 |
| Population | 16,676 | 36,108 |
The weather behind that power bill
Vincennes sits in Knox County, which averages a high of 88.7°F in its hottest month and a low of 21.6°F in its coldest, with 46.76" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 1,397 cooling and 4,816 heating degree days, which is what sets the $153 electricity line above.
See the full climate breakdown for Knox County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Knox County
Talk to someone who works this market
These are Vincennes 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 Vincennes every week. Free, no obligation, and we never sell your details to a list.
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Common questions
How much does it cost to own a home in Vincennes?
A $99,000 home in Vincennes, Indiana costs approximately $952 per month with 20% down at 7.24%. That is $540 principal and interest, $66 property tax, $42 homeowners insurance, $221 utilities and $83 set aside for maintenance.
What is the property tax rate in Vincennes?
Vincennes has an effective property tax rate of 0.806%, based on a median home value of $98,700 and median real estate taxes of $796. That is higher than the Knox County average of 0.725%.
What is the average home price in Vincennes?
The median owner-occupied home value in Vincennes, Indiana is $98,700, against $123,500 across Knox County.
Is it cheaper to rent or buy in Vincennes?
Median gross rent in Vincennes is $792 a month, against $952 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 Vincennes?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Vincennes, Indiana at today's rate takes a household income of roughly $41,000 a year. That covers the full $952 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Vincennes, 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.