Total monthly cost of ownership
Cost to Own a Home in St. Paul, Indiana
A $101,000 home here costs
$923per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $519. The real number is $404 higher every month — 78% 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.
St. Paul against Shelby County and Indiana
| Measure | St. Paul | Shelby County |
|---|---|---|
| Median home value | $100,800 | $188,300 |
| Median property tax | $546 | $1,327 |
| Effective tax rate | 0.542% | 0.705% |
| Median gross rent | $1,039 | $956 |
| Population | 1,019 | 45,104 |
St. Paul extends across 2 counties. Figures here use Shelby County, where most of its housing sits.
The weather behind that power bill
St. Paul sits in Shelby County, which averages a high of 84.8°F in its hottest month and a low of 19.8°F in its coldest, with 44.03" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 988 cooling and 5,436 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Shelby County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Shelby County
Common questions
How much does it cost to own a home in St. Paul?
A $101,000 home in St. Paul, Indiana costs approximately $923 per month with 20% down at 6.66%. That is $519 principal and interest, $46 property tax, $43 homeowners insurance, $231 utilities and $84 set aside for maintenance.
What is the property tax rate in St. Paul?
St. Paul has an effective property tax rate of 0.542%, based on a median home value of $100,800 and median real estate taxes of $546. That is lower than the Shelby County average of 0.705%.
What is the average home price in St. Paul?
The median owner-occupied home value in St. Paul, Indiana is $100,800, against $188,300 across Shelby County.
Is it cheaper to rent or buy in St. Paul?
Median gross rent in St. Paul is $1,039 a month, against $923 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 St. Paul — 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.