Total monthly cost of ownership
Cost to Own a Home in Butler, Ohio
A $135,000 home here costs
$1,223per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $694. The real number is $529 higher every month — 76% 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.
Butler against Richland County and Ohio
| Measure | Butler | Richland County |
|---|---|---|
| Median home value | $134,700 | $154,000 |
| Median property tax | $1,466 | $1,984 |
| Effective tax rate | 1.088% | 1.288% |
| Median gross rent | $893 | $791 |
| Population | 1,359 | 125,138 |
The weather behind that power bill
Butler sits in Richland County, which averages a high of 82.8°F in its hottest month and a low of 19.1°F in its coldest, with 42.49" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 751 cooling and 5,983 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Richland County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Richland County
Common questions
How much does it cost to own a home in Butler?
A $135,000 home in Butler, Ohio costs approximately $1,223 per month with 20% down at 6.66%. That is $694 principal and interest, $122 property tax, $50 homeowners insurance, $243 utilities and $113 set aside for maintenance.
What is the property tax rate in Butler?
Butler has an effective property tax rate of 1.088%, based on a median home value of $134,700 and median real estate taxes of $1,466. That is lower than the Richland County average of 1.288%.
What is the average home price in Butler?
The median owner-occupied home value in Butler, Ohio is $134,700, against $154,000 across Richland County.
Is it cheaper to rent or buy in Butler?
Median gross rent in Butler is $893 a month, against $1,223 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 Butler — 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.