Total monthly cost of ownership
Cost to Own a Home in Cardington, Ohio
A $133,000 home here costs
$1,211per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $684. The real number is $527 higher every month — 77% 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.
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 $175 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
Common questions
How much does it cost to own a home in Cardington?
A $133,000 home in Cardington, Ohio costs approximately $1,211 per month with 20% down at 6.66%. That is $684 principal and interest, $123 property tax, $49 homeowners insurance, $243 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 $1,211 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 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.