Total monthly cost of ownership
Cost to Own a Home in Celina, Ohio
A $159,000 home here costs
$1,433per 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 $61,500 a year.
A standard mortgage calculator would have told you $867. The real number is $566 higher every month, 65% more than the payment most buyers budget for.
Compare Mercer County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Celina against Mercer County and Ohio
| Measure | Celina | Mercer County |
|---|---|---|
| Median home value | $158,800 | $208,600 |
| Median property tax | $1,704 | $2,249 |
| Effective tax rate | 1.073% | 1.078% |
| Median gross rent | $814 | $812 |
| Population | 11,017 | 42,438 |
The weather behind that power bill
Celina sits in Mercer County, which averages a high of 83.7°F in its hottest month and a low of 18.7°F in its coldest, with 39.76" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 865 cooling and 5,789 heating degree days, which is what sets the $164 electricity line above.
See the full climate breakdown for Mercer County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Mercer County
Talk to someone who works this market
These are Celina 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 Celina every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Celina I already own here and may sell
Common questions
How much does it cost to own a home in Celina?
A $159,000 home in Celina, Ohio costs approximately $1,433 per month with 20% down at 7.24%. That is $867 principal and interest, $142 property tax, $59 homeowners insurance, $232 utilities and $133 set aside for maintenance.
What is the property tax rate in Celina?
Celina has an effective property tax rate of 1.073%, based on a median home value of $158,800 and median real estate taxes of $1,704. That is in line with the Mercer County average of 1.078%.
What is the average home price in Celina?
The median owner-occupied home value in Celina, Ohio is $158,800, against $208,600 across Mercer County.
Is it cheaper to rent or buy in Celina?
Median gross rent in Celina is $814 a month, against $1,433 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 Celina?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Celina, Ohio at today's rate takes a household income of roughly $61,500 a year. That covers the full $1,433 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Celina, 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.