Total monthly cost of ownership
Cost to Own a Home in Cicero, Indiana
A $251,000 home here costs
$1,995per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,290. The real number is $705 higher every month — 55% 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.
Cicero against Hamilton County and Indiana
| Measure | Cicero | Hamilton County |
|---|---|---|
| Median home value | $251,000 | $379,100 |
| Median property tax | $1,887 | $3,340 |
| Effective tax rate | 0.752% | 0.881% |
| Median gross rent | $946 | $1,468 |
| Population | 5,441 | 357,176 |
The weather behind that power bill
Cicero sits in Hamilton County, which averages a high of 84.4°F in its hottest month and a low of 18.8°F in its coldest, with 44.4" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 920 cooling and 5,758 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Hamilton County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hamilton County
Full Hamilton County cost breakdown · Every county in Indiana
Common questions
How much does it cost to own a home in Cicero?
A $251,000 home in Cicero, Indiana costs approximately $1,995 per month with 20% down at 6.66%. That is $1,290 principal and interest, $157 property tax, $107 homeowners insurance, $231 utilities and $209 set aside for maintenance.
What is the property tax rate in Cicero?
Cicero has an effective property tax rate of 0.752%, based on a median home value of $251,000 and median real estate taxes of $1,887. That is lower than the Hamilton County average of 0.881%.
What is the average home price in Cicero?
The median owner-occupied home value in Cicero, Indiana is $251,000, against $379,100 across Hamilton County.
Is it cheaper to rent or buy in Cicero?
Median gross rent in Cicero is $946 a month, against $1,995 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 Cicero — 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.