Total monthly cost of ownership
Cost to Own a Home in Ada, Ohio
A $151,000 home here costs
$1,350per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $776. The real number is $574 higher every month — 74% 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.
Ada against Hardin County and Ohio
| Measure | Ada | Hardin County |
|---|---|---|
| Median home value | $150,700 | $134,800 |
| Median property tax | $1,773 | $1,513 |
| Effective tax rate | 1.177% | 1.122% |
| Median gross rent | $757 | $733 |
| Population | 4,553 | 30,527 |
The weather behind that power bill
Ada sits in Hardin County, which averages a high of 84.0°F in its hottest month and a low of 18.3°F in its coldest, with 37.64" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 888 cooling and 6,027 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Hardin County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hardin County
Common questions
How much does it cost to own a home in Ada?
A $151,000 home in Ada, Ohio costs approximately $1,350 per month with 20% down at 6.66%. That is $776 principal and interest, $148 property tax, $56 homeowners insurance, $243 utilities and $126 set aside for maintenance.
What is the property tax rate in Ada?
Ada has an effective property tax rate of 1.177%, based on a median home value of $150,700 and median real estate taxes of $1,773. That is higher than the Hardin County average of 1.122%.
What is the average home price in Ada?
The median owner-occupied home value in Ada, Ohio is $150,700, against $134,800 across Hardin County.
Is it cheaper to rent or buy in Ada?
Median gross rent in Ada is $757 a month, against $1,350 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 Ada — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Ohio.
- 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.