Total monthly cost of ownership
Cost to Own a Home in Coal Grove, Ohio
A $97,000 home here costs
$967per 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 $41,500 a year.
A standard mortgage calculator would have told you $529. The real number is $439 higher every month, 83% more than the payment most buyers budget for.
Compare Lawrence County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Coal Grove from a five-year rolling sample, and with about 2,144 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 Lawrence 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.
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 $164 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
Talk to someone who works this market
These are Coal Grove 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 Coal Grove every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Coal Grove I already own here and may sell
Common questions
How much does it cost to own a home in Coal Grove?
A $97,000 home in Coal Grove, Ohio costs approximately $967 per month with 20% down at 7.24%. That is $529 principal and interest, $90 property tax, $36 homeowners insurance, $232 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 $967 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 Coal Grove?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Coal Grove, Ohio at today's rate takes a household income of roughly $41,500 a year. That covers the full $967 monthly cost, not just the mortgage payment.
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.