Total monthly cost of ownership
Cost to Own a Home in Cinnamon Lake, Ohio
A $173,000 home here costs
$1,503per 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 $64,500 a year.
A standard mortgage calculator would have told you $943. The real number is $560 higher every month, 59% more than the payment most buyers budget for.
Compare Ashland County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Cinnamon Lake from a five-year rolling sample, and with about 1,072 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 Ashland 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.
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 $164 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
Talk to someone who works this market
These are Cinnamon Lake 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 Cinnamon Lake every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Cinnamon Lake I already own here and may sell
Common questions
How much does it cost to own a home in Cinnamon Lake?
A $173,000 home in Cinnamon Lake, Ohio costs approximately $1,503 per month with 20% down at 7.24%. That is $943 principal and interest, $119 property tax, $64 homeowners insurance, $232 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.
What salary do you need to buy a home in Cinnamon Lake?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Cinnamon Lake, Ohio at today's rate takes a household income of roughly $64,500 a year. That covers the full $1,503 monthly cost, not just the mortgage payment.
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.