Total monthly cost of ownership
Cost to Own a Home in Shelburn, Indiana
A $72,000 home here costs
$731per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $370. The real number is $361 higher every month — 97% 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.
Shelburn against Sullivan County and Indiana
| Measure | Shelburn | Sullivan County |
|---|---|---|
| Median home value | $72,000 | $122,200 |
| Median property tax | $466 | $825 |
| Effective tax rate | 0.647% | 0.675% |
| Median gross rent | $750 | $813 |
| Population | 1,325 | 20,766 |
The weather behind that power bill
Shelburn sits in Sullivan County, which averages a high of 85.6°F in its hottest month and a low of 20.6°F in its coldest, with 47.17" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 1,193 cooling and 5,043 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Sullivan County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Sullivan County
Full Sullivan County cost breakdown · Every county in Indiana
Common questions
How much does it cost to own a home in Shelburn?
A $72,000 home in Shelburn, Indiana costs approximately $731 per month with 20% down at 6.66%. That is $370 principal and interest, $39 property tax, $31 homeowners insurance, $231 utilities and $60 set aside for maintenance.
What is the property tax rate in Shelburn?
Shelburn has an effective property tax rate of 0.647%, based on a median home value of $72,000 and median real estate taxes of $466. That is lower than the Sullivan County average of 0.675%.
What is the average home price in Shelburn?
The median owner-occupied home value in Shelburn, Indiana is $72,000, against $122,200 across Sullivan County.
Is it cheaper to rent or buy in Shelburn?
Median gross rent in Shelburn is $750 a month, against $731 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Shelburn — 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.