Total monthly cost of ownership
Cost to Own a Home in Garrettsville, Ohio
A $193,000 home here costs
$1,652per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $992. The real number is $660 higher every month — 66% 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.
Garrettsville against Portage County and Ohio
| Measure | Garrettsville | Portage County |
|---|---|---|
| Median home value | $193,100 | $210,500 |
| Median property tax | $2,203 | $2,728 |
| Effective tax rate | 1.141% | 1.296% |
| Median gross rent | $872 | $1,036 |
| Population | 2,806 | 161,421 |
The weather behind that power bill
Garrettsville sits in Portage County, which averages a high of 84.5°F in its hottest month and a low of 17.0°F in its coldest, with 43.07" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 645 cooling and 6,398 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Portage County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Portage County
Common questions
How much does it cost to own a home in Garrettsville?
A $193,000 home in Garrettsville, Ohio costs approximately $1,652 per month with 20% down at 6.66%. That is $992 principal and interest, $184 property tax, $72 homeowners insurance, $243 utilities and $161 set aside for maintenance.
What is the property tax rate in Garrettsville?
Garrettsville has an effective property tax rate of 1.141%, based on a median home value of $193,100 and median real estate taxes of $2,203. That is lower than the Portage County average of 1.296%.
What is the average home price in Garrettsville?
The median owner-occupied home value in Garrettsville, Ohio is $193,100, against $210,500 across Portage County.
Is it cheaper to rent or buy in Garrettsville?
Median gross rent in Garrettsville is $872 a month, against $1,652 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 Garrettsville — 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.