Total monthly cost of ownership
Cost to Own a Home in Fort Shawnee, Ohio
A $188,000 home here costs
$1,692per 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 $72,500 a year.
A standard mortgage calculator would have told you $1,025. The real number is $667 higher every month, 65% more than the payment most buyers budget for.
Compare Allen County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Fort Shawnee against Allen County and Ohio
| Measure | Fort Shawnee | Allen County |
|---|---|---|
| Median home value | $187,800 | $158,400 |
| Median property tax | $2,495 | $1,782 |
| Effective tax rate | 1.329% | 1.125% |
| Median gross rent | $970 | $898 |
| Population | 5,952 | 101,685 |
The weather behind that power bill
Fort Shawnee sits in Allen County, which averages a high of 83.6°F in its hottest month and a low of 20.1°F in its coldest, with 35.77" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 847 cooling and 5,769 heating degree days, which is what sets the $164 electricity line above.
See the full climate breakdown for Allen County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Allen County
Talk to someone who works this market
These are Fort Shawnee 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 Fort Shawnee every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Fort Shawnee I already own here and may sell
Common questions
How much does it cost to own a home in Fort Shawnee?
A $188,000 home in Fort Shawnee, Ohio costs approximately $1,692 per month with 20% down at 7.24%. That is $1,025 principal and interest, $208 property tax, $70 homeowners insurance, $232 utilities and $157 set aside for maintenance.
What is the property tax rate in Fort Shawnee?
Fort Shawnee has an effective property tax rate of 1.329%, based on a median home value of $187,800 and median real estate taxes of $2,495. That is higher than the Allen County average of 1.125%.
What is the average home price in Fort Shawnee?
The median owner-occupied home value in Fort Shawnee, Ohio is $187,800, against $158,400 across Allen County.
Is it cheaper to rent or buy in Fort Shawnee?
Median gross rent in Fort Shawnee is $970 a month, against $1,692 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 Fort Shawnee?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Fort Shawnee, Ohio at today's rate takes a household income of roughly $72,500 a year. That covers the full $1,692 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Fort Shawnee, 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.