Total monthly cost of ownership
Cost to Own a Home in Wabash, Indiana
A $115,000 home here costs
$1,028per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $591. The real number is $436 higher every month — 74% 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.
Wabash against Wabash County and Indiana
| Measure | Wabash | Wabash County |
|---|---|---|
| Median home value | $115,000 | $143,600 |
| Median property tax | $724 | $765 |
| Effective tax rate | 0.630% | 0.533% |
| Median gross rent | $677 | $752 |
| Population | 10,378 | 30,901 |
The weather behind that power bill
Wabash sits in Wabash County, which averages a high of 84.8°F in its hottest month and a low of 17.9°F in its coldest, with 40.34" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 938 cooling and 5,841 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Wabash County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Wabash County
Common questions
How much does it cost to own a home in Wabash?
A $115,000 home in Wabash, Indiana costs approximately $1,028 per month with 20% down at 6.66%. That is $591 principal and interest, $60 property tax, $49 homeowners insurance, $231 utilities and $96 set aside for maintenance.
What is the property tax rate in Wabash?
Wabash has an effective property tax rate of 0.630%, based on a median home value of $115,000 and median real estate taxes of $724. That is higher than the Wabash County average of 0.533%.
What is the average home price in Wabash?
The median owner-occupied home value in Wabash, Indiana is $115,000, against $143,600 across Wabash County.
Is it cheaper to rent or buy in Wabash?
Median gross rent in Wabash is $677 a month, against $1,028 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 Wabash — 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.