Total monthly cost of ownership
Cost to Own a Home in Convoy, Ohio
A $92,000 home here costs
$908per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $473. The real number is $435 higher every month — 92% 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.
Convoy against Van Wert County and Ohio
| Measure | Convoy | Van Wert County |
|---|---|---|
| Median home value | $92,400 | $137,300 |
| Median property tax | $972 | $1,327 |
| Effective tax rate | 1.052% | 0.966% |
| Median gross rent | $763 | $792 |
| Population | 1,009 | 28,824 |
The weather behind that power bill
Convoy sits in Van Wert County, which averages a high of 84.5°F in its hottest month and a low of 18.2°F in its coldest, with 40.36" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 937 cooling and 5,995 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Van Wert County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Van Wert County
Common questions
How much does it cost to own a home in Convoy?
A $92,000 home in Convoy, Ohio costs approximately $908 per month with 20% down at 6.66%. That is $473 principal and interest, $81 property tax, $34 homeowners insurance, $243 utilities and $77 set aside for maintenance.
What is the property tax rate in Convoy?
Convoy has an effective property tax rate of 1.052%, based on a median home value of $92,400 and median real estate taxes of $972. That is higher than the Van Wert County average of 0.966%.
What is the average home price in Convoy?
The median owner-occupied home value in Convoy, Ohio is $92,400, against $137,300 across Van Wert County.
Is it cheaper to rent or buy in Convoy?
Median gross rent in Convoy is $763 a month, against $908 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 Convoy — 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.