Total monthly cost of ownership
Cost to Own a Home in Bainbridge, Ohio
A $424,000 home here costs
$3,585per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,180. The real number is $1,405 higher every month — 64% 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.
Bainbridge against Geauga County and Ohio
| Measure | Bainbridge | Geauga County |
|---|---|---|
| Median home value | $423,700 | $305,100 |
| Median property tax | $7,805 | $4,533 |
| Effective tax rate | 1.842% | 1.486% |
| Median gross rent | $3,501 | $1,018 |
| Population | 8,882 | 95,479 |
The weather behind that power bill
Bainbridge sits in Geauga County, which averages a high of 81.0°F in its hottest month and a low of 16.5°F in its coldest, with 50.71" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 513 cooling and 6,677 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Geauga County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Geauga County
Common questions
How much does it cost to own a home in Bainbridge?
A $424,000 home in Bainbridge, Ohio costs approximately $3,585 per month with 20% down at 6.66%. That is $2,180 principal and interest, $651 property tax, $158 homeowners insurance, $243 utilities and $353 set aside for maintenance.
What is the property tax rate in Bainbridge?
Bainbridge has an effective property tax rate of 1.842%, based on a median home value of $423,700 and median real estate taxes of $7,805. That is higher than the Geauga County average of 1.486%.
What is the average home price in Bainbridge?
The median owner-occupied home value in Bainbridge, Ohio is $423,700, against $305,100 across Geauga County.
Is it cheaper to rent or buy in Bainbridge?
Median gross rent in Bainbridge is $3,501 a month, against $3,585 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 Bainbridge — 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.