Mortgage Rates in Tell City, Indiana — March 2026
Updated March 2026 | Based on Tell City market data and regional lending conditions
Tell City is a growing city in Indiana with a population of 7,272. The current 30-year fixed mortgage rate in Tell City is 6.88%, which is 0.23% above the national average. With a median home price of $162,000 and a 20% down payment of $32,400, homebuyers can expect a monthly principal and interest payment of approximately $852.
Current Mortgage Rates in Tell City, IN
Below are the current average mortgage rates available in the Tell City area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.88% | 6.65% | +0.23% |
| 15-Year Fixed | 6.09% | 5.89% | +0.2% |
| 5/1 ARM | 6.33% | 6.15% | +0.18% |
| FHA | 6.56% | 6.25% | +0.31% |
| VA | 6.31% | 6.05% | +0.26% |
| Jumbo | 7.13% | 6.85% | +0.28% |
Tell City Housing Market Overview
The Tell City housing market offers relatively affordable housing compared to many major cities. The median household income in Tell City is $57,900, and the cost of living index is 83.4 (national average = 100). Based on the 28% affordability rule, the median income in Tell City is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Tell City
Based on the median home price of $162,000 with 20% down ($32,400), here is what you can expect to pay monthly in Tell City:
15-Year vs. 30-Year Mortgage in Tell City
Choosing a 15-year mortgage in Tell City at 6.09% instead of a 30-year at 6.88% would save you $108,720 in total interest over the life of the loan. However, your monthly payment would be $1,100 instead of $852 — an increase of $248 per month.
Calculate Your Tell City Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Tell City
What are the current mortgage rates in Tell City, IN?
As of March 2026, the average 30-year fixed mortgage rate in Tell City, Indiana is 6.88%, while the 15-year fixed rate is 6.09%. FHA loans average 6.56% and VA loans 6.31%. These rates are 0.23% above the national average of 6.65%.
How much is a monthly mortgage payment in Tell City?
Based on the median home price of $162,000 with 20% down, the estimated monthly mortgage payment in Tell City is $852 for principal and interest. Including property taxes of $119/month, the total monthly housing cost is approximately $971.
What income do I need to buy a home in Tell City?
Using the 28% rule, you would need an annual income of approximately $41,614 to afford the median-priced home in Tell City at $162,000. The median household income in Tell City is $57,900. The median income is currently sufficient to meet this threshold.
Is Tell City a good place to buy a home in 2026?
Tell City offers a below-average cost of living with a cost of living index of 83.4 (national average = 100). The property tax rate in Indiana is 0.88%, which is near the national average. Tell City has a population of 7,272 and offers a very affordable lifestyle.
Mortgage Rates in Other Indiana Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Tell City, Indiana area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.