Total monthly cost of ownership
Cost to Own a Home in Vincennes, Indiana
A $99,000 home here costs
$931per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $509. The real number is $422 higher every month — 83% 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.
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 $163 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
Common questions
How much does it cost to own a home in Vincennes?
A $99,000 home in Vincennes, Indiana costs approximately $931 per month with 20% down at 6.66%. That is $509 principal and interest, $66 property tax, $42 homeowners insurance, $231 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 $931 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 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.