Total monthly cost of ownership
Cost to Own a Home in Fredericktown, Ohio
A $165,000 home here costs
$1,432per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $848. The real number is $584 higher every month — 69% 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.
Fredericktown against Knox County and Ohio
| Measure | Fredericktown | Knox County |
|---|---|---|
| Median home value | $164,500 | $218,300 |
| Median property tax | $1,691 | $2,345 |
| Effective tax rate | 1.028% | 1.074% |
| Median gross rent | $805 | $925 |
| Population | 2,634 | 62,888 |
The weather behind that power bill
Fredericktown sits in Knox County, which averages a high of 86.0°F in its hottest month and a low of 21.2°F in its coldest, with 38.77" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 961 cooling and 5,231 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Knox County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Knox County
Common questions
How much does it cost to own a home in Fredericktown?
A $165,000 home in Fredericktown, Ohio costs approximately $1,432 per month with 20% down at 6.66%. That is $848 principal and interest, $141 property tax, $61 homeowners insurance, $243 utilities and $138 set aside for maintenance.
What is the property tax rate in Fredericktown?
Fredericktown has an effective property tax rate of 1.028%, based on a median home value of $164,500 and median real estate taxes of $1,691. That is lower than the Knox County average of 1.074%.
What is the average home price in Fredericktown?
The median owner-occupied home value in Fredericktown, Ohio is $164,500, against $218,300 across Knox County.
Is it cheaper to rent or buy in Fredericktown?
Median gross rent in Fredericktown is $805 a month, against $1,432 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 Fredericktown — 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.