Total monthly cost of ownership
Cost to Own a Home in Eaton Estates, Ohio
A $135,000 home here costs
$1,276per 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 $54,500 a year.
A standard mortgage calculator would have told you $736. The real number is $540 higher every month, 73% more than the payment most buyers budget for.
Compare Lorain County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Eaton Estates from a five-year rolling sample, and with about 1,217 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 Lorain 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.
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 $164 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
Talk to someone who works this market
These are Eaton Estates 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 Eaton Estates every week. Free, no obligation, and we never sell your details to a list.
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Common questions
How much does it cost to own a home in Eaton Estates?
A $135,000 home in Eaton Estates, Ohio costs approximately $1,276 per month with 20% down at 7.24%. That is $736 principal and interest, $145 property tax, $50 homeowners insurance, $232 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.
What salary do you need to buy a home in Eaton Estates?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Eaton Estates, Ohio at today's rate takes a household income of roughly $54,500 a year. That covers the full $1,276 monthly cost, not just the mortgage payment.
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.