Total monthly cost of ownership
Cost to Own a Home in Centerburg, Ohio
A $242,000 home here costs
$1,985per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,244. The real number is $741 higher every month — 60% 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.
Centerburg against Knox County and Ohio
| Measure | Centerburg | Knox County |
|---|---|---|
| Median home value | $242,200 | $218,300 |
| Median property tax | $2,472 | $2,345 |
| Effective tax rate | 1.021% | 1.074% |
| Median gross rent | $741 | $925 |
| Population | 1,952 | 62,888 |
The weather behind that power bill
Centerburg sits in Knox County, which averages a high of 86.0°F in its hottest month and a low of 21.2°F in its coldest, with 38.77" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 961 cooling and 5,231 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Knox County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Knox County
Common questions
How much does it cost to own a home in Centerburg?
A $242,000 home in Centerburg, Ohio costs approximately $1,985 per month with 20% down at 6.66%. That is $1,244 principal and interest, $206 property tax, $90 homeowners insurance, $243 utilities and $202 set aside for maintenance.
What is the property tax rate in Centerburg?
Centerburg has an effective property tax rate of 1.021%, based on a median home value of $242,200 and median real estate taxes of $2,472. That is lower than the Knox County average of 1.074%.
What is the average home price in Centerburg?
The median owner-occupied home value in Centerburg, Ohio is $242,200, against $218,300 across Knox County.
Is it cheaper to rent or buy in Centerburg?
Median gross rent in Centerburg is $741 a month, against $1,985 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 Centerburg — 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.