Total monthly cost of ownership
Cost to Own a Home in Tell City, Indiana
A $121,000 home here costs
$1,123per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $48,000 a year.
A standard mortgage calculator would have told you $660. The real number is $463 higher every month, 70% more than the payment most buyers budget for.
Compare Perry County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Tell City against Perry County and Indiana
| Measure | Tell City | Perry County |
|---|---|---|
| Median home value | $121,200 | $146,000 |
| Median property tax | $1,078 | $1,041 |
| Effective tax rate | 0.889% | 0.713% |
| Median gross rent | $646 | $676 |
| Population | 7,490 | 19,218 |
The weather behind that power bill
Tell City sits in Perry County, which averages a high of 86.6°F in its hottest month and a low of 25.7°F in its coldest, with 49.63" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,337 cooling and 4,205 heating degree days, which is what sets the $153 electricity line above.
See the full climate breakdown for Perry County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Perry County
Talk to someone who works this market
These are Tell City 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 Tell City every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Tell City I already own here and may sell
Common questions
How much does it cost to own a home in Tell City?
A $121,000 home in Tell City, Indiana costs approximately $1,123 per month with 20% down at 7.24%. That is $660 principal and interest, $90 property tax, $52 homeowners insurance, $221 utilities and $101 set aside for maintenance.
What is the property tax rate in Tell City?
Tell City has an effective property tax rate of 0.889%, based on a median home value of $121,200 and median real estate taxes of $1,078. That is higher than the Perry County average of 0.713%.
What is the average home price in Tell City?
The median owner-occupied home value in Tell City, Indiana is $121,200, against $146,000 across Perry County.
Is it cheaper to rent or buy in Tell City?
Median gross rent in Tell City is $646 a month, against $1,123 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 Tell City?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Tell City, Indiana at today's rate takes a household income of roughly $48,000 a year. That covers the full $1,123 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Tell City, 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.