Total monthly cost of ownership
Cost to Own a Home in Fairport Harbor, Ohio
A $136,000 home here costs
$1,389per 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 $59,500 a year.
A standard mortgage calculator would have told you $741. The real number is $648 higher every month, 87% more than the payment most buyers budget for.
Compare Lake County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Fairport Harbor from a five-year rolling sample, and with about 3,092 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 Lake 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.
Fairport Harbor against Lake County and Ohio
| Measure | Fairport Harbor | Lake County |
|---|---|---|
| Median home value | $135,500 | $199,900 |
| Median property tax | $3,013 | $3,405 |
| Effective tax rate | 2.224% | 1.703% |
| Median gross rent | $846 | $1,073 |
| Population | 3,092 | 232,101 |
The weather behind that power bill
Fairport Harbor sits in Lake County, which averages a high of 82.3°F in its hottest month and a low of 23.7°F in its coldest, with 40.46" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 955 cooling and 5,353 heating degree days, which is what sets the $164 electricity line above.
See the full climate breakdown for Lake County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lake County
Talk to someone who works this market
These are Fairport Harbor 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 Fairport Harbor every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Fairport Harbor I already own here and may sell
Common questions
How much does it cost to own a home in Fairport Harbor?
A $136,000 home in Fairport Harbor, Ohio costs approximately $1,389 per month with 20% down at 7.24%. That is $741 principal and interest, $252 property tax, $51 homeowners insurance, $232 utilities and $113 set aside for maintenance.
What is the property tax rate in Fairport Harbor?
Fairport Harbor has an effective property tax rate of 2.224%, based on a median home value of $135,500 and median real estate taxes of $3,013. That is higher than the Lake County average of 1.703%.
What is the average home price in Fairport Harbor?
The median owner-occupied home value in Fairport Harbor, Ohio is $135,500, against $199,900 across Lake County.
Is it cheaper to rent or buy in Fairport Harbor?
Median gross rent in Fairport Harbor is $846 a month, against $1,389 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Fairport Harbor?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Fairport Harbor, Ohio at today's rate takes a household income of roughly $59,500 a year. That covers the full $1,389 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Fairport Harbor, 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.