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Scipio

Learn about the people, housing, costs and businesses in Scipio, Indiana

Median Home$169,000
Median Rent$1,142/month
Population179
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services9% arts, food & hospitality
Home Value Growth+6.8% over 2 years
Family-Friendly29% of residentswell above average
Homeowners95% of occupied units
NotableVeteran Community17% of residents · top 1% nationally
NotableHighly Educated23% bachelor's · 21% graduate · top 23% nationally
Scipio
IN

Frequently Asked Questions

What are today's mortgage rates in Scipio?

As of today, the 30-year fixed mortgage rate for Scipio is approximately 6.973% (7.012% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Scipio?

The median home value in Scipio is $169k. The median monthly rent is $1,142. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Scipio?

Home values in Scipio have increased 6.8% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Scipio?

Based on a typical all-in ownership cost of $973/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $42k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Scipio is $79k/year.

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What industries drive the economy in Scipio?

The largest employment sectors in Scipio are public administration (20%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.