Total monthly cost of ownership
Cost to Own a Home in Cinnamon Lake, Ohio
A $173,000 home here costs
$1,461per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $889. The real number is $571 higher every month — 64% 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.
Cinnamon Lake against Ashland County and Ohio
| Measure | Cinnamon Lake | Ashland County |
|---|---|---|
| Median home value | $173,200 | $175,900 |
| Median property tax | $1,434 | $1,787 |
| Effective tax rate | 0.828% | 1.016% |
| Median gross rent | — | $841 |
| Population | 1,072 | 52,296 |
The weather behind that power bill
Cinnamon Lake sits in Ashland County, which averages a high of 82.8°F in its hottest month and a low of 19.1°F in its coldest, with 42.49" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 751 cooling and 5,983 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Ashland County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Ashland County
Common questions
How much does it cost to own a home in Cinnamon Lake?
A $173,000 home in Cinnamon Lake, Ohio costs approximately $1,461 per month with 20% down at 6.66%. That is $889 principal and interest, $119 property tax, $64 homeowners insurance, $243 utilities and $144 set aside for maintenance.
What is the property tax rate in Cinnamon Lake?
Cinnamon Lake has an effective property tax rate of 0.828%, based on a median home value of $173,200 and median real estate taxes of $1,434. That is lower than the Ashland County average of 1.016%.
What is the average home price in Cinnamon Lake?
The median owner-occupied home value in Cinnamon Lake, Ohio is $173,200, against $175,900 across Ashland County.
Is it cheaper to rent or buy in Cinnamon Lake?
Rent data is not published for Cinnamon Lake at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Cinnamon Lake — 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.