Total monthly cost of ownership
Cost to Own a Home in Cambridge, Ohio
A $116,000 home here costs
$1,107per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $596. The real number is $510 higher every month — 86% 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.
Cambridge against Guernsey County and Ohio
| Measure | Cambridge | Guernsey County |
|---|---|---|
| Median home value | $116,000 | $154,100 |
| Median property tax | $1,527 | $1,561 |
| Effective tax rate | 1.316% | 1.013% |
| Median gross rent | $743 | $803 |
| Population | 10,046 | 38,283 |
The weather behind that power bill
Cambridge sits in Guernsey County, which averages a high of 85.1°F in its hottest month and a low of 20.7°F in its coldest, with 41.32" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 883 cooling and 5,324 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Guernsey County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Guernsey County
Common questions
How much does it cost to own a home in Cambridge?
A $116,000 home in Cambridge, Ohio costs approximately $1,107 per month with 20% down at 6.66%. That is $596 principal and interest, $127 property tax, $43 homeowners insurance, $243 utilities and $97 set aside for maintenance.
What is the property tax rate in Cambridge?
Cambridge has an effective property tax rate of 1.316%, based on a median home value of $116,000 and median real estate taxes of $1,527. That is higher than the Guernsey County average of 1.013%.
What is the average home price in Cambridge?
The median owner-occupied home value in Cambridge, Ohio is $116,000, against $154,100 across Guernsey County.
Is it cheaper to rent or buy in Cambridge?
Median gross rent in Cambridge is $743 a month, against $1,107 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 Cambridge — 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.