Total monthly cost of ownership
Cost to Own a Home in Seymour, Indiana
A $153,000 home here costs
$1,273per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $787. The real number is $486 higher every month — 62% 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.
Seymour against Jackson County and Indiana
| Measure | Seymour | Jackson County |
|---|---|---|
| Median home value | $153,300 | $174,500 |
| Median property tax | $747 | $824 |
| Effective tax rate | 0.487% | 0.472% |
| Median gross rent | $954 | $946 |
| Population | 21,536 | 46,319 |
The weather behind that power bill
Seymour sits in Jackson County, which averages a high of 84.7°F in its hottest month and a low of 21.7°F in its coldest, with 49.57" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 980 cooling and 5,282 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Jackson County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Jackson County
Full Jackson County cost breakdown · Every county in Indiana
Common questions
How much does it cost to own a home in Seymour?
A $153,000 home in Seymour, Indiana costs approximately $1,273 per month with 20% down at 6.66%. That is $787 principal and interest, $62 property tax, $65 homeowners insurance, $231 utilities and $128 set aside for maintenance.
What is the property tax rate in Seymour?
Seymour has an effective property tax rate of 0.487%, based on a median home value of $153,300 and median real estate taxes of $747. That is higher than the Jackson County average of 0.472%.
What is the average home price in Seymour?
The median owner-occupied home value in Seymour, Indiana is $153,300, against $174,500 across Jackson County.
Is it cheaper to rent or buy in Seymour?
Median gross rent in Seymour is $954 a month, against $1,273 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 Seymour — 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.