Total monthly cost of ownership
Cost to Own a Home in Lake Santee, Indiana
A $227,000 home here costs
$1,795per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,167. The real number is $628 higher every month — 54% 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.
Lake Santee against Decatur County and Indiana
| Measure | Lake Santee | Decatur County |
|---|---|---|
| Median home value | $226,500 | $189,900 |
| Median property tax | $1,323 | $1,176 |
| Effective tax rate | 0.584% | 0.619% |
| Median gross rent | — | $828 |
| Population | 1,051 | 26,411 |
Lake Santee extends across 2 counties. Figures here use Decatur County, where most of its housing sits.
The weather behind that power bill
Lake Santee sits in Decatur County, which averages a high of 84.5°F in its hottest month and a low of 21.6°F in its coldest, with 47.01" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 1,121 cooling and 5,253 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Decatur County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Decatur County
Full Decatur County cost breakdown · Every county in Indiana
Common questions
How much does it cost to own a home in Lake Santee?
A $227,000 home in Lake Santee, Indiana costs approximately $1,795 per month with 20% down at 6.66%. That is $1,167 principal and interest, $110 property tax, $97 homeowners insurance, $231 utilities and $189 set aside for maintenance.
What is the property tax rate in Lake Santee?
Lake Santee has an effective property tax rate of 0.584%, based on a median home value of $226,500 and median real estate taxes of $1,323. That is lower than the Decatur County average of 0.619%.
What is the average home price in Lake Santee?
The median owner-occupied home value in Lake Santee, Indiana is $226,500, against $189,900 across Decatur County.
Is it cheaper to rent or buy in Lake Santee?
Rent data is not published for Lake Santee at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lake Santee — 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.