Total monthly cost of ownership
Cost to Own a Home in Fairborn, Ohio
A $170,000 home here costs
$1,520per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $874. The real number is $647 higher every month — 74% 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.
Fairborn against Greene County and Ohio
| Measure | Fairborn | Greene County |
|---|---|---|
| Median home value | $169,600 | $238,000 |
| Median property tax | $2,372 | $4,021 |
| Effective tax rate | 1.399% | 1.689% |
| Median gross rent | $968 | $1,089 |
| Population | 34,506 | 168,531 |
The weather behind that power bill
Fairborn sits in Greene County, which averages a high of 83.4°F in its hottest month and a low of 22.7°F in its coldest, with 43.26" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 967 cooling and 5,063 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Greene County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Greene County
Common questions
How much does it cost to own a home in Fairborn?
A $170,000 home in Fairborn, Ohio costs approximately $1,520 per month with 20% down at 6.66%. That is $874 principal and interest, $198 property tax, $63 homeowners insurance, $243 utilities and $142 set aside for maintenance.
What is the property tax rate in Fairborn?
Fairborn has an effective property tax rate of 1.399%, based on a median home value of $169,600 and median real estate taxes of $2,372. That is lower than the Greene County average of 1.689%.
What is the average home price in Fairborn?
The median owner-occupied home value in Fairborn, Ohio is $169,600, against $238,000 across Greene County.
Is it cheaper to rent or buy in Fairborn?
Median gross rent in Fairborn is $968 a month, against $1,520 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 Fairborn — 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.