Total monthly cost of ownership
Cost to Own a Home in Coldwater, Ohio
A $216,000 home here costs
$1,788per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,110. The real number is $677 higher every month — 61% 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.
Coldwater against Mercer County and Ohio
| Measure | Coldwater | Mercer County |
|---|---|---|
| Median home value | $215,700 | $208,600 |
| Median property tax | $2,079 | $2,249 |
| Effective tax rate | 0.964% | 1.078% |
| Median gross rent | $800 | $812 |
| Population | 4,387 | 42,438 |
The weather behind that power bill
Coldwater sits in Mercer County, which averages a high of 83.7°F in its hottest month and a low of 18.7°F in its coldest, with 39.76" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 865 cooling and 5,789 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Mercer County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Mercer County
Common questions
How much does it cost to own a home in Coldwater?
A $216,000 home in Coldwater, Ohio costs approximately $1,788 per month with 20% down at 6.66%. That is $1,110 principal and interest, $174 property tax, $80 homeowners insurance, $243 utilities and $180 set aside for maintenance.
What is the property tax rate in Coldwater?
Coldwater has an effective property tax rate of 0.964%, based on a median home value of $215,700 and median real estate taxes of $2,079. That is lower than the Mercer County average of 1.078%.
What is the average home price in Coldwater?
The median owner-occupied home value in Coldwater, Ohio is $215,700, against $208,600 across Mercer County.
Is it cheaper to rent or buy in Coldwater?
Median gross rent in Coldwater is $800 a month, against $1,788 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 Coldwater — 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.