Total monthly cost of ownership
Cost to Own a Home in Austin, Indiana
A $88,000 home here costs
$835per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $452. The real number is $382 higher every month — 85% 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.
Austin against Scott County and Indiana
| Measure | Austin | Scott County |
|---|---|---|
| Median home value | $88,000 | $145,400 |
| Median property tax | $483 | $931 |
| Effective tax rate | 0.549% | 0.640% |
| Median gross rent | $698 | $790 |
| Population | 3,588 | 24,468 |
The weather behind that power bill
Austin sits in Scott County, which averages a high of 87.9°F in its hottest month and a low of 27.1°F in its coldest, with 48.12" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,543 cooling and 4,150 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Scott County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Scott County
Common questions
How much does it cost to own a home in Austin?
A $88,000 home in Austin, Indiana costs approximately $835 per month with 20% down at 6.66%. That is $452 principal and interest, $40 property tax, $38 homeowners insurance, $231 utilities and $73 set aside for maintenance.
What is the property tax rate in Austin?
Austin has an effective property tax rate of 0.549%, based on a median home value of $88,000 and median real estate taxes of $483. That is lower than the Scott County average of 0.640%.
What is the average home price in Austin?
The median owner-occupied home value in Austin, Indiana is $88,000, against $145,400 across Scott County.
Is it cheaper to rent or buy in Austin?
Median gross rent in Austin is $698 a month, against $835 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 Austin — 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.