Total monthly cost of ownership
Cost to Own a Home in Carey, Ohio
A $123,000 home here costs
$1,152per 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 $49,500 a year.
A standard mortgage calculator would have told you $671. The real number is $482 higher every month, 72% more than the payment most buyers budget for.
Compare Wyandot County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Carey from a five-year rolling sample, and with about 3,544 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 Wyandot 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.
Carey against Wyandot County and Ohio
| Measure | Carey | Wyandot County |
|---|---|---|
| Median home value | $123,300 | $159,500 |
| Median property tax | $1,223 | $1,417 |
| Effective tax rate | 0.992% | 0.888% |
| Median gross rent | $795 | $785 |
| Population | 3,544 | 21,699 |
The weather behind that power bill
Carey sits in Wyandot County, which averages a high of 84.1°F in its hottest month and a low of 17.1°F in its coldest, with 40.17" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 778 cooling and 6,160 heating degree days, which is what sets the $164 electricity line above.
See the full climate breakdown for Wyandot County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Wyandot County
Talk to someone who works this market
These are Carey 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 Carey every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Carey?
A $123,000 home in Carey, Ohio costs approximately $1,152 per month with 20% down at 7.24%. That is $671 principal and interest, $102 property tax, $46 homeowners insurance, $232 utilities and $103 set aside for maintenance.
What is the property tax rate in Carey?
Carey has an effective property tax rate of 0.992%, based on a median home value of $123,300 and median real estate taxes of $1,223. That is higher than the Wyandot County average of 0.888%.
What is the average home price in Carey?
The median owner-occupied home value in Carey, Ohio is $123,300, against $159,500 across Wyandot County.
Is it cheaper to rent or buy in Carey?
Median gross rent in Carey is $795 a month, against $1,152 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 Carey?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Carey, Ohio at today's rate takes a household income of roughly $49,500 a year. That covers the full $1,152 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Carey, 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.