Total monthly cost of ownership
Cost to Own a Home in Foxcliff Estates, Indiana
A $468,000 home here costs
$3,535per 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 $151,500 a year.
A standard mortgage calculator would have told you $2,552. The real number is $983 higher every month, 39% more than the payment most buyers budget for.
Compare Morgan County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Foxcliff Estates from a five-year rolling sample, and with about 1,693 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Morgan County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Foxcliff Estates against Morgan County and Indiana
| Measure | Foxcliff Estates | Morgan County |
|---|---|---|
| Median home value | $468,300 | $220,100 |
| Median property tax | $2,065 | $1,056 |
| Effective tax rate | 0.441% | 0.480% |
| Median gross rent | — | $988 |
| Population | 1,693 | 72,202 |
The weather behind that power bill
Foxcliff Estates sits in Morgan County, which averages a high of 83.9°F in its hottest month and a low of 18.9°F in its coldest, with 45.49" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 837 cooling and 5,647 heating degree days, which is what sets the $153 electricity line above.
See the full climate breakdown for Morgan County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Morgan County
Talk to someone who works this market
These are Foxcliff Estates 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 Foxcliff Estates every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Foxcliff Estates I already own here and may sell
Common questions
How much does it cost to own a home in Foxcliff Estates?
A $468,000 home in Foxcliff Estates, Indiana costs approximately $3,535 per month with 20% down at 7.24%. That is $2,552 principal and interest, $172 property tax, $200 homeowners insurance, $221 utilities and $390 set aside for maintenance.
What is the property tax rate in Foxcliff Estates?
Foxcliff Estates has an effective property tax rate of 0.441%, based on a median home value of $468,300 and median real estate taxes of $2,065. That is lower than the Morgan County average of 0.480%.
What is the average home price in Foxcliff Estates?
The median owner-occupied home value in Foxcliff Estates, Indiana is $468,300, against $220,100 across Morgan County.
Is it cheaper to rent or buy in Foxcliff Estates?
Rent data is not published for Foxcliff Estates at this level of detail.
What salary do you need to buy a home in Foxcliff Estates?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Foxcliff Estates, Indiana at today's rate takes a household income of roughly $151,500 a year. That covers the full $3,535 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Foxcliff Estates, 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.