Total monthly cost of ownership
Cost to Own a Home in Edgewood, Ohio
A $105,000 home here costs
$1,023per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $540. The real number is $483 higher every month — 90% 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.
Edgewood against Ashtabula County and Ohio
| Measure | Edgewood | Ashtabula County |
|---|---|---|
| Median home value | $105,200 | $149,600 |
| Median property tax | $1,363 | $1,890 |
| Effective tax rate | 1.296% | 1.263% |
| Median gross rent | $878 | $816 |
| Population | 4,265 | 97,343 |
The weather behind that power bill
Edgewood 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 $175 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
Common questions
How much does it cost to own a home in Edgewood?
A $105,000 home in Edgewood, Ohio costs approximately $1,023 per month with 20% down at 6.66%. That is $540 principal and interest, $113 property tax, $39 homeowners insurance, $243 utilities and $88 set aside for maintenance.
What is the property tax rate in Edgewood?
Edgewood has an effective property tax rate of 1.296%, based on a median home value of $105,200 and median real estate taxes of $1,363. That is higher than the Ashtabula County average of 1.263%.
What is the average home price in Edgewood?
The median owner-occupied home value in Edgewood, Ohio is $105,200, against $149,600 across Ashtabula County.
Is it cheaper to rent or buy in Edgewood?
Median gross rent in Edgewood is $878 a month, against $1,023 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 Edgewood — 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.