Total monthly cost of ownership
Cost to Own a Home in Tell City, Indiana
A $121,000 home here costs
$1,095per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $622. The real number is $473 higher every month — 76% 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.
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 $163 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
Common questions
How much does it cost to own a home in Tell City?
A $121,000 home in Tell City, Indiana costs approximately $1,095 per month with 20% down at 6.66%. That is $622 principal and interest, $90 property tax, $52 homeowners insurance, $231 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 $1,095 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 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.