Total monthly cost of ownership
Cost to Own a Home in Warren Park, Indiana
A $194,000 home here costs
$1,627per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $997. The real number is $630 higher every month — 63% 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.
Warren Park against Marion County and Indiana
| Measure | Warren Park | Marion County |
|---|---|---|
| Median home value | $194,400 | $207,000 |
| Median property tax | $1,850 | $1,923 |
| Effective tax rate | 0.952% | 0.929% |
| Median gross rent | $931 | $1,107 |
| Population | 1,411 | 971,822 |
The weather behind that power bill
Warren Park sits in Marion County, which averages a high of 85.2°F in its hottest month and a low of 21.2°F in its coldest, with 40.67" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 1,127 cooling and 5,221 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Marion County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Marion County
Common questions
How much does it cost to own a home in Warren Park?
A $194,000 home in Warren Park, Indiana costs approximately $1,627 per month with 20% down at 6.66%. That is $997 principal and interest, $154 property tax, $83 homeowners insurance, $231 utilities and $162 set aside for maintenance.
What is the property tax rate in Warren Park?
Warren Park has an effective property tax rate of 0.952%, based on a median home value of $194,400 and median real estate taxes of $1,850. That is higher than the Marion County average of 0.929%.
What is the average home price in Warren Park?
The median owner-occupied home value in Warren Park, Indiana is $194,400, against $207,000 across Marion County.
Is it cheaper to rent or buy in Warren Park?
Median gross rent in Warren Park is $931 a month, against $1,627 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 Warren Park — 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.