Total monthly cost of ownership
Cost to Own a Home in Eaton Estates, Ohio
A $135,000 home here costs
$1,245per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $694. The real number is $551 higher every month — 79% 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.
Eaton Estates against Lorain County and Ohio
| Measure | Eaton Estates | Lorain County |
|---|---|---|
| Median home value | $134,700 | $207,200 |
| Median property tax | $1,735 | $2,992 |
| Effective tax rate | 1.288% | 1.444% |
| Median gross rent | — | $916 |
| Population | 1,217 | 314,588 |
The weather behind that power bill
Eaton Estates sits in Lorain County, which averages a high of 82.3°F in its hottest month and a low of 19.8°F in its coldest, with 36.72" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 690 cooling and 6,045 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Lorain County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lorain County
Common questions
How much does it cost to own a home in Eaton Estates?
A $135,000 home in Eaton Estates, Ohio costs approximately $1,245 per month with 20% down at 6.66%. That is $694 principal and interest, $145 property tax, $50 homeowners insurance, $243 utilities and $113 set aside for maintenance.
What is the property tax rate in Eaton Estates?
Eaton Estates has an effective property tax rate of 1.288%, based on a median home value of $134,700 and median real estate taxes of $1,735. That is lower than the Lorain County average of 1.444%.
What is the average home price in Eaton Estates?
The median owner-occupied home value in Eaton Estates, Ohio is $134,700, against $207,200 across Lorain County.
Is it cheaper to rent or buy in Eaton Estates?
Rent data is not published for Eaton Estates at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Eaton Estates — 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.