The typical owner-occupied home in Scipio is worth about $223,400, about the same as the Indiana median of $218,200 and 33% below the national median of $332,700. Owners pay a median $1,859 a year in property taxes, about 0.83% of their home's value, higher than the Indiana rate of 0.74%. 100% of occupied homes here are lived in by their owners, and 79% of those owners still have a mortgage.
Scipio at a glance
| Scipio | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $223,400 | $218,200 | $332,700 |
| Median property tax paid per year | $1,859 | $1,614 | $3,119 |
| Property tax as a share of value | 0.83% | 0.74% | 0.94% |
| Median household income | – | $71,957 | $80,734 |
| Homes lived in by their owners | 100% | 71% | 65% |
| Owner homes with a mortgage | 79% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $2,101 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 22.3% | 18.1% | 21.0% |
| Median rent | – | $1,062 | $1,413 |
| Median year homes were built | 1966 | 1976 | 1980 |
| Vacant homes | 0.0% | 8.8% | 10.1% |
| Population | 246 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Scipio
At this week's average 30-year rate of 7.11%, buying the median Scipio home of $223,400 with 20% down costs about $1,450 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,822, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $62,137 for the 20%-down payment.
| Down payment | $44,680 |
|---|---|
| Loan amount | $178,720 |
| Principal and interest | $1,202 |
| Property taxes (0.83% a year) | $155 |
| Homeowners insurance (our estimate, 0.5% a year) | $93 |
| PMI | $0 |
| Total per month | $1,450 |
Change the numbers in the calculator
| Down payment | $7,819 |
|---|---|
| Loan amount | $219,354 |
| Principal and interest | $1,476 |
| Property taxes (0.83% a year) | $155 |
| Homeowners insurance (our estimate, 0.5% a year) | $93 |
| FHA mortgage insurance | $99 |
| Total per month | $1,822 |
Change the numbers in the calculator
Questions about home buying in Scipio
What is the median home value in Scipio?
About $223,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Scipio?
Homeowners pay a median $1,859 a year, which is about 0.83% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Scipio?
For the median home with 20% down at 7.11%, the payment is about $1,450 a month. Keeping that under 28% of gross income takes about $62,137 a year.
More about Scipio
- Mortgage Refinance in Scipio
- Debt Relief in Scipio
- Home Equity Loans in Scipio
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data