Total monthly cost of ownership
Cost to Own a Home in Buckeye Lake, Ohio
A $179,000 home here costs
$1,626per 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 $69,500 a year.
A standard mortgage calculator would have told you $976. The real number is $650 higher every month, 67% more than the payment most buyers budget for.
Compare Licking County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Buckeye Lake from a five-year rolling sample, and with about 2,513 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 Licking 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.
Buckeye Lake against Licking County and Ohio
| Measure | Buckeye Lake | Licking County |
|---|---|---|
| Median home value | $179,000 | $250,700 |
| Median property tax | $2,427 | $3,150 |
| Effective tax rate | 1.356% | 1.256% |
| Median gross rent | $870 | $999 |
| Population | 2,513 | 180,311 |
Buckeye Lake extends across 2 counties. Figures here use Licking County, where most of its housing sits.
The weather behind that power bill
Buckeye Lake sits in Licking County, which averages a high of 86.0°F in its hottest month and a low of 21.2°F in its coldest, with 38.77" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 961 cooling and 5,231 heating degree days, which is what sets the $164 electricity line above.
See the full climate breakdown for Licking County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Licking County
Talk to someone who works this market
These are Buckeye Lake 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 Buckeye Lake 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 Buckeye Lake?
A $179,000 home in Buckeye Lake, Ohio costs approximately $1,626 per month with 20% down at 7.24%. That is $976 principal and interest, $202 property tax, $67 homeowners insurance, $232 utilities and $149 set aside for maintenance.
What is the property tax rate in Buckeye Lake?
Buckeye Lake has an effective property tax rate of 1.356%, based on a median home value of $179,000 and median real estate taxes of $2,427. That is higher than the Licking County average of 1.256%.
What is the average home price in Buckeye Lake?
The median owner-occupied home value in Buckeye Lake, Ohio is $179,000, against $250,700 across Licking County.
Is it cheaper to rent or buy in Buckeye Lake?
Median gross rent in Buckeye Lake is $870 a month, against $1,626 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 Buckeye Lake?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Buckeye Lake, Ohio at today's rate takes a household income of roughly $69,500 a year. That covers the full $1,626 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Buckeye Lake, 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.