Total monthly cost of ownership
Cost to Own a Home in Whitestown, Indiana
A $344,000 home here costs
$2,796per 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 $120,000 a year.
A standard mortgage calculator would have told you $1,875. The real number is $921 higher every month, 49% more than the payment most buyers budget for.
Compare Boone 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.
Whitestown against Boone County and Indiana
| Measure | Whitestown | Boone County |
|---|---|---|
| Median home value | $343,900 | $341,800 |
| Median property tax | $3,187 | $2,725 |
| Effective tax rate | 0.927% | 0.797% |
| Median gross rent | $1,714 | $1,283 |
| Population | 11,276 | 72,827 |
The weather behind that power bill
Whitestown sits in Boone County, which averages a high of 83.0°F in its hottest month and a low of 19.7°F in its coldest, with 41.27" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 896 cooling and 5,617 heating degree days, which is what sets the $153 electricity line above.
See the full climate breakdown for Boone County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Boone County
Talk to someone who works this market
These are Whitestown 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 Whitestown 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 Whitestown?
A $344,000 home in Whitestown, Indiana costs approximately $2,796 per month with 20% down at 7.24%. That is $1,875 principal and interest, $266 property tax, $147 homeowners insurance, $221 utilities and $287 set aside for maintenance.
What is the property tax rate in Whitestown?
Whitestown has an effective property tax rate of 0.927%, based on a median home value of $343,900 and median real estate taxes of $3,187. That is higher than the Boone County average of 0.797%.
What is the average home price in Whitestown?
The median owner-occupied home value in Whitestown, Indiana is $343,900, against $341,800 across Boone County.
Is it cheaper to rent or buy in Whitestown?
Median gross rent in Whitestown is $1,714 a month, against $2,796 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 Whitestown?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Whitestown, Indiana at today's rate takes a household income of roughly $120,000 a year. That covers the full $2,796 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Whitestown, 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.