Total monthly cost of ownership
Cost to Own a Home in Winamac, Indiana
A $112,000 home here costs
$990per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $576. The real number is $415 higher every month — 72% 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.
Winamac against Pulaski County and Indiana
| Measure | Winamac | Pulaski County |
|---|---|---|
| Median home value | $112,000 | $134,600 |
| Median property tax | $509 | $646 |
| Effective tax rate | 0.454% | 0.480% |
| Median gross rent | $708 | $715 |
| Population | 2,445 | 12,441 |
The weather behind that power bill
Winamac sits in Pulaski County, which averages a high of 83.5°F in its hottest month and a low of 15.8°F in its coldest, with 39.81" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 819 cooling and 6,217 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Pulaski County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pulaski County
No other places of this size are published in Pulaski County.
Full Pulaski County cost breakdown · Every county in Indiana
Common questions
How much does it cost to own a home in Winamac?
A $112,000 home in Winamac, Indiana costs approximately $990 per month with 20% down at 6.66%. That is $576 principal and interest, $42 property tax, $48 homeowners insurance, $231 utilities and $93 set aside for maintenance.
What is the property tax rate in Winamac?
Winamac has an effective property tax rate of 0.454%, based on a median home value of $112,000 and median real estate taxes of $509. That is lower than the Pulaski County average of 0.480%.
What is the average home price in Winamac?
The median owner-occupied home value in Winamac, Indiana is $112,000, against $134,600 across Pulaski County.
Is it cheaper to rent or buy in Winamac?
Median gross rent in Winamac is $708 a month, against $990 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 Winamac — 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.