Total monthly cost of ownership
Cost to Own a Home in Cardington, Ohio
A $133,000 home here costs
$1,241per 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 $53,000 a year.
A standard mortgage calculator would have told you $725. The real number is $516 higher every month, 71% more than the payment most buyers budget for.
Compare Morrow County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Cardington from a five-year rolling sample, and with about 1,899 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 Morrow 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.
Cardington against Morrow County and Ohio
| Measure | Cardington | Morrow County |
|---|---|---|
| Median home value | $132,600 | $200,800 |
| Median property tax | $1,476 | $2,208 |
| Effective tax rate | 1.113% | 1.100% |
| Median gross rent | $918 | $942 |
| Population | 1,899 | 35,214 |
The weather behind that power bill
Cardington sits in Morrow County, which averages a high of 83.6°F in its hottest month and a low of 19.0°F in its coldest, with 37.55" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 779 cooling and 5,902 heating degree days, which is what sets the $164 electricity line above.
See the full climate breakdown for Morrow County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Morrow County
Talk to someone who works this market
These are Cardington 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 Cardington 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 Cardington?
A $133,000 home in Cardington, Ohio costs approximately $1,241 per month with 20% down at 7.24%. That is $725 principal and interest, $123 property tax, $49 homeowners insurance, $232 utilities and $111 set aside for maintenance.
What is the property tax rate in Cardington?
Cardington has an effective property tax rate of 1.113%, based on a median home value of $132,600 and median real estate taxes of $1,476. That is higher than the Morrow County average of 1.100%.
What is the average home price in Cardington?
The median owner-occupied home value in Cardington, Ohio is $132,600, against $200,800 across Morrow County.
Is it cheaper to rent or buy in Cardington?
Median gross rent in Cardington is $918 a month, against $1,241 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 Cardington?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Cardington, Ohio at today's rate takes a household income of roughly $53,000 a year. That covers the full $1,241 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Cardington, 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.