Total monthly cost of ownership
Cost to Own a Home in Seelyville, Indiana
A $139,000 home here costs
$1,240per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $53,000 a year.
A standard mortgage calculator would have told you $770. The real number is $471 higher every month, 61% more than the payment most buyers budget for.
Compare Vigo County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Seelyville from a five-year rolling sample, and with about 1,052 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 Vigo 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.
Seelyville against Vigo County and Indiana
| Measure | Seelyville | Vigo County |
|---|---|---|
| Median home value | $139,100 | $140,400 |
| Median property tax | $921 | $1,256 |
| Effective tax rate | 0.662% | 0.895% |
| Median gross rent | $790 | $879 |
| Population | 1,052 | 106,201 |
The weather behind that power bill
Seelyville sits in Vigo County, which averages a high of 85.9°F in its hottest month and a low of 20.7°F in its coldest, with 40.84" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 1,077 cooling and 5,235 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Vigo County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Vigo County
Talk to someone who works this market
These are Seelyville 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 Seelyville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Seelyville I already own here and may sell
Common questions
How much does it cost to own a home in Seelyville?
A $139,000 home in Seelyville, Indiana costs approximately $1,240 per month with 20% down at 7.4%. That is $770 principal and interest, $77 property tax, $59 homeowners insurance, $219 utilities and $116 set aside for maintenance.
What is the property tax rate in Seelyville?
Seelyville has an effective property tax rate of 0.662%, based on a median home value of $139,100 and median real estate taxes of $921. That is lower than the Vigo County average of 0.895%.
What is the average home price in Seelyville?
The median owner-occupied home value in Seelyville, Indiana is $139,100, against $140,400 across Vigo County.
Is it cheaper to rent or buy in Seelyville?
Median gross rent in Seelyville is $790 a month, against $1,240 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Seelyville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Seelyville, Indiana at today's rate takes a household income of roughly $53,000 a year. That covers the full $1,240 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Seelyville, 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.