Total monthly cost of ownership
Cost to Own a Home in Westport, Indiana
A $137,000 home here costs
$1,172per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $704. The real number is $468 higher every month — 66% 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.
Westport against Decatur County and Indiana
| Measure | Westport | Decatur County |
|---|---|---|
| Median home value | $136,500 | $189,900 |
| Median property tax | $763 | $1,176 |
| Effective tax rate | 0.559% | 0.619% |
| Median gross rent | $724 | $828 |
| Population | 1,666 | 26,411 |
The weather behind that power bill
Westport sits in Decatur County, which averages a high of 84.5°F in its hottest month and a low of 21.6°F in its coldest, with 47.01" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 1,121 cooling and 5,253 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Decatur County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Decatur County
Full Decatur County cost breakdown · Every county in Indiana
Common questions
How much does it cost to own a home in Westport?
A $137,000 home in Westport, Indiana costs approximately $1,172 per month with 20% down at 6.66%. That is $704 principal and interest, $64 property tax, $58 homeowners insurance, $231 utilities and $114 set aside for maintenance.
What is the property tax rate in Westport?
Westport has an effective property tax rate of 0.559%, based on a median home value of $136,500 and median real estate taxes of $763. That is lower than the Decatur County average of 0.619%.
What is the average home price in Westport?
The median owner-occupied home value in Westport, Indiana is $136,500, against $189,900 across Decatur County.
Is it cheaper to rent or buy in Westport?
Median gross rent in Westport is $724 a month, against $1,172 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 Westport — 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.