Total monthly cost of ownership
Cost to Own a Home in Conneaut, Ohio
A $127,000 home here costs
$1,206per 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 $51,500 a year.
A standard mortgage calculator would have told you $692. The real number is $513 higher every month, 74% more than the payment most buyers budget for.
Compare Ashtabula County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Conneaut against Ashtabula County and Ohio
| Measure | Conneaut | Ashtabula County |
|---|---|---|
| Median home value | $126,700 | $149,600 |
| Median property tax | $1,538 | $1,890 |
| Effective tax rate | 1.214% | 1.263% |
| Median gross rent | $762 | $816 |
| Population | 12,378 | 97,343 |
The weather behind that power bill
Conneaut sits in Ashtabula County, which averages a high of 81.0°F in its hottest month and a low of 19.1°F in its coldest, with 37.07" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 523 cooling and 6,372 heating degree days, which is what sets the $164 electricity line above.
See the full climate breakdown for Ashtabula County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Ashtabula County
Talk to someone who works this market
These are Conneaut 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 Conneaut every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Conneaut I already own here and may sell
Common questions
How much does it cost to own a home in Conneaut?
A $127,000 home in Conneaut, Ohio costs approximately $1,206 per month with 20% down at 7.24%. That is $692 principal and interest, $128 property tax, $47 homeowners insurance, $232 utilities and $106 set aside for maintenance.
What is the property tax rate in Conneaut?
Conneaut has an effective property tax rate of 1.214%, based on a median home value of $126,700 and median real estate taxes of $1,538. That is lower than the Ashtabula County average of 1.263%.
What is the average home price in Conneaut?
The median owner-occupied home value in Conneaut, Ohio is $126,700, against $149,600 across Ashtabula County.
Is it cheaper to rent or buy in Conneaut?
Median gross rent in Conneaut is $762 a month, against $1,206 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 Conneaut?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Conneaut, Ohio at today's rate takes a household income of roughly $51,500 a year. That covers the full $1,206 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Conneaut, 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.