Total monthly cost of ownership
Cost to Own a Home in Castalia, Ohio
A $179,000 home here costs
$1,624per 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 $69,500 a year.
A standard mortgage calculator would have told you $976. The real number is $648 higher every month, 66% more than the payment most buyers budget for.
Compare Erie County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Castalia from a five-year rolling sample, and with about 1,348 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 Erie 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.
Castalia against Erie County and Ohio
| Measure | Castalia | Erie County |
|---|---|---|
| Median home value | $179,300 | $183,900 |
| Median property tax | $2,411 | $2,330 |
| Effective tax rate | 1.345% | 1.267% |
| Median gross rent | $775 | $882 |
| Population | 1,348 | 74,938 |
The weather behind that power bill
Castalia sits in Erie County, which averages a high of 82.3°F in its hottest month and a low of 21.8°F in its coldest, with 34.03" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 953 cooling and 5,653 heating degree days, which is what sets the $164 electricity line above.
See the full climate breakdown for Erie County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Erie County
Talk to someone who works this market
These are Castalia 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 Castalia every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Castalia I already own here and may sell
Common questions
How much does it cost to own a home in Castalia?
A $179,000 home in Castalia, Ohio costs approximately $1,624 per month with 20% down at 7.24%. That is $976 principal and interest, $201 property tax, $67 homeowners insurance, $232 utilities and $149 set aside for maintenance.
What is the property tax rate in Castalia?
Castalia has an effective property tax rate of 1.345%, based on a median home value of $179,300 and median real estate taxes of $2,411. That is higher than the Erie County average of 1.267%.
What is the average home price in Castalia?
The median owner-occupied home value in Castalia, Ohio is $179,300, against $183,900 across Erie County.
Is it cheaper to rent or buy in Castalia?
Median gross rent in Castalia is $775 a month, against $1,624 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 Castalia?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Castalia, Ohio at today's rate takes a household income of roughly $69,500 a year. That covers the full $1,624 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Castalia, 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.