Total monthly cost of ownership
Cost to Own a Home in Bolindale, Ohio
A $92,000 home here costs
$957per 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 $41,000 a year.
A standard mortgage calculator would have told you $502. The real number is $456 higher every month, 91% more than the payment most buyers budget for.
Compare Trumbull County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Bolindale from a five-year rolling sample, and with about 1,652 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Trumbull County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Bolindale against Trumbull County and Ohio
| Measure | Bolindale | Trumbull County |
|---|---|---|
| Median home value | $91,900 | $128,100 |
| Median property tax | $1,354 | $1,806 |
| Effective tax rate | 1.473% | 1.410% |
| Median gross rent | $756 | $783 |
| Population | 1,652 | 201,367 |
The weather behind that power bill
Bolindale sits in Trumbull County, which averages a high of 82.1°F in its hottest month and a low of 17.6°F in its coldest, with 42.67" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 556 cooling and 6,282 heating degree days, which is what sets the $164 electricity line above.
See the full climate breakdown for Trumbull County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Trumbull County
Talk to someone who works this market
These are Bolindale 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 Bolindale every week. Free, no obligation, and we never sell your details to a list.
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Common questions
How much does it cost to own a home in Bolindale?
A $92,000 home in Bolindale, Ohio costs approximately $957 per month with 20% down at 7.24%. That is $502 principal and interest, $113 property tax, $34 homeowners insurance, $232 utilities and $77 set aside for maintenance.
What is the property tax rate in Bolindale?
Bolindale has an effective property tax rate of 1.473%, based on a median home value of $91,900 and median real estate taxes of $1,354. That is higher than the Trumbull County average of 1.410%.
What is the average home price in Bolindale?
The median owner-occupied home value in Bolindale, Ohio is $91,900, against $128,100 across Trumbull County.
Is it cheaper to rent or buy in Bolindale?
Median gross rent in Bolindale is $756 a month, against $957 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 Bolindale?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Bolindale, Ohio at today's rate takes a household income of roughly $41,000 a year. That covers the full $957 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Bolindale, 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.