Total monthly cost of ownership
Cost to Own a Home in Scottsburg, Indiana
A $124,000 home here costs
$1,111per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $637. The real number is $473 higher every month — 74% 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.
Scottsburg against Scott County and Indiana
| Measure | Scottsburg | Scott County |
|---|---|---|
| Median home value | $123,900 | $145,400 |
| Median property tax | $1,028 | $931 |
| Effective tax rate | 0.830% | 0.640% |
| Median gross rent | $786 | $790 |
| Population | 7,338 | 24,468 |
The weather behind that power bill
Scottsburg 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 Scottsburg?
A $124,000 home in Scottsburg, Indiana costs approximately $1,111 per month with 20% down at 6.66%. That is $637 principal and interest, $86 property tax, $53 homeowners insurance, $231 utilities and $103 set aside for maintenance.
What is the property tax rate in Scottsburg?
Scottsburg has an effective property tax rate of 0.830%, based on a median home value of $123,900 and median real estate taxes of $1,028. That is higher than the Scott County average of 0.640%.
What is the average home price in Scottsburg?
The median owner-occupied home value in Scottsburg, Indiana is $123,900, against $145,400 across Scott County.
Is it cheaper to rent or buy in Scottsburg?
Median gross rent in Scottsburg is $786 a month, against $1,111 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 Scottsburg — 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.