Total monthly cost of ownership
Cost to Own a Home in Bellevue, Ohio
A $130,000 home here costs
$1,227per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $52,500 a year.
A standard mortgage calculator would have told you $709. The real number is $518 higher every month, 73% more than the payment most buyers budget for.
Compare Erie County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Bellevue against Erie County and Ohio
| Measure | Bellevue | Erie County |
|---|---|---|
| Median home value | $130,100 | $183,900 |
| Median property tax | $1,560 | $2,330 |
| Effective tax rate | 1.199% | 1.267% |
| Median gross rent | $733 | $882 |
| Population | 8,201 | 74,938 |
Bellevue extends across 3 counties. Figures here use Erie County, where most of its housing sits.
The weather behind that power bill
Bellevue sits in Erie County, which averages a high of 82.3°F in its hottest month and a low of 21.8°F in its coldest, with 34.03" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 953 cooling and 5,653 heating degree days, which is what sets the $164 electricity line above.
See the full climate breakdown for Erie County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Erie County
Talk to someone who works this market
These are Bellevue averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Bellevue every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Bellevue I already own here and may sell
Common questions
How much does it cost to own a home in Bellevue?
A $130,000 home in Bellevue, Ohio costs approximately $1,227 per month with 20% down at 7.24%. That is $709 principal and interest, $130 property tax, $48 homeowners insurance, $232 utilities and $108 set aside for maintenance.
What is the property tax rate in Bellevue?
Bellevue has an effective property tax rate of 1.199%, based on a median home value of $130,100 and median real estate taxes of $1,560. That is lower than the Erie County average of 1.267%.
What is the average home price in Bellevue?
The median owner-occupied home value in Bellevue, Ohio is $130,100, against $183,900 across Erie County.
Is it cheaper to rent or buy in Bellevue?
Median gross rent in Bellevue is $733 a month, against $1,227 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Bellevue?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Bellevue, Ohio at today's rate takes a household income of roughly $52,500 a year. That covers the full $1,227 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Bellevue, 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.