Total monthly cost of ownership
Cost to Own a Home in Coal Grove, Ohio
A $97,000 home here costs
$949per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $499. The real number is $450 higher every month — 90% 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.
Coal Grove against Lawrence County and Ohio
| Measure | Coal Grove | Lawrence County |
|---|---|---|
| Median home value | $97,300 | $135,600 |
| Median property tax | $1,081 | $1,193 |
| Effective tax rate | 1.111% | 0.880% |
| Median gross rent | $967 | $830 |
| Population | 2,144 | 57,385 |
The weather behind that power bill
Coal Grove sits in Lawrence County, which averages a high of 86.1°F in its hottest month and a low of 20.3°F in its coldest, with 45.69" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 873 cooling and 5,275 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Lawrence County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lawrence County
Common questions
How much does it cost to own a home in Coal Grove?
A $97,000 home in Coal Grove, Ohio costs approximately $949 per month with 20% down at 6.66%. That is $499 principal and interest, $90 property tax, $36 homeowners insurance, $243 utilities and $81 set aside for maintenance.
What is the property tax rate in Coal Grove?
Coal Grove has an effective property tax rate of 1.111%, based on a median home value of $97,300 and median real estate taxes of $1,081. That is higher than the Lawrence County average of 0.880%.
What is the average home price in Coal Grove?
The median owner-occupied home value in Coal Grove, Ohio is $97,300, against $135,600 across Lawrence County.
Is it cheaper to rent or buy in Coal Grove?
Median gross rent in Coal Grove is $967 a month, against $949 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Coal Grove — 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.