Total monthly cost of ownership
Cost to Own a Home in Gambier, Ohio
A $254,000 home here costs
$2,206per 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 $94,500 a year.
A standard mortgage calculator would have told you $1,385. The real number is $821 higher every month, 59% more than the payment most buyers budget for.
Compare Knox County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Gambier from a five-year rolling sample, and with about 2,064 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 Knox 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.
Gambier against Knox County and Ohio
| Measure | Gambier | Knox County |
|---|---|---|
| Median home value | $254,000 | $218,300 |
| Median property tax | $3,396 | $2,345 |
| Effective tax rate | 1.337% | 1.074% |
| Median gross rent | $786 | $925 |
| Population | 2,064 | 62,888 |
The weather behind that power bill
Gambier 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 $164 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
Talk to someone who works this market
These are Gambier 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 Gambier every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Gambier I already own here and may sell
Common questions
How much does it cost to own a home in Gambier?
A $254,000 home in Gambier, Ohio costs approximately $2,206 per month with 20% down at 7.24%. That is $1,385 principal and interest, $283 property tax, $94 homeowners insurance, $232 utilities and $212 set aside for maintenance.
What is the property tax rate in Gambier?
Gambier has an effective property tax rate of 1.337%, based on a median home value of $254,000 and median real estate taxes of $3,396. That is higher than the Knox County average of 1.074%.
What is the average home price in Gambier?
The median owner-occupied home value in Gambier, Ohio is $254,000, against $218,300 across Knox County.
Is it cheaper to rent or buy in Gambier?
Median gross rent in Gambier is $786 a month, against $2,206 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 Gambier?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Gambier, Ohio at today's rate takes a household income of roughly $94,500 a year. That covers the full $2,206 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Gambier, 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.