Quick facts: Seymour, IN

Quick Facts

95.3
Cost of Living
below US average
21,618
Population
18.5
Crime Rate per 1000
below US average
$57,347
Median Income
below US average
$220,000
Median House Price
above US average
$1237.13
Average Rent
below US average
12%
Poverty Rate
above US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $57,347.

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Income Needed to Buy

βœ— Stretch
$69k/year
Based on $220,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $69k vs median $57,347
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Income Needed to Rent

βœ“ Affordable
$53k/year
Based on $1237.13/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($57,347) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Seymour, IN

Seymour is a charming city located in Jackson County, Indiana. With a population of around 17,000 residents, it’s known for its rich history and small-town feel. Founded in the mid-19th century, Seymour is often referred to as the "Crossroads of America" due to its strategic location at the intersection of major highways. The city has a vibrant downtown area featuring a mix of historical architecture and modern amenities, along with local shops, restaurants, and parks. Seymour is also notable for its thriving arts scene, hosting various events and festivals throughout the year, including the annual Harvest Festival. Seymour’s historical significance is highlighted by the John Mellencamp memorabilia, as he is one of the city's most famous native sons. Outdoor enthusiasts can enjoy nearby parks and recreational facilities, offering hiking, fishing, and sports. With quality schools and a tight-knit community, Seymour provides a welcoming environment for families and individuals alike. Its combination of history, culture, and community spirit makes it a delightful place to visit or call home.

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