Total monthly cost of ownership
Cost to Own a Home in Genoa, Ohio
A $135,000 home here costs
$1,224per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $694. The real number is $530 higher every month — 76% 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.
Genoa against Ottawa County and Ohio
| Measure | Genoa | Ottawa County |
|---|---|---|
| Median home value | $135,000 | $200,700 |
| Median property tax | $1,482 | $2,181 |
| Effective tax rate | 1.098% | 1.087% |
| Median gross rent | $926 | $909 |
| Population | 2,011 | 40,161 |
The weather behind that power bill
Genoa sits in Ottawa County, which averages a high of 82.3°F in its hottest month and a low of 21.8°F in its coldest, with 34.03" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 953 cooling and 5,653 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Ottawa County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Ottawa County
Common questions
How much does it cost to own a home in Genoa?
A $135,000 home in Genoa, Ohio costs approximately $1,224 per month with 20% down at 6.66%. That is $694 principal and interest, $124 property tax, $50 homeowners insurance, $243 utilities and $113 set aside for maintenance.
What is the property tax rate in Genoa?
Genoa has an effective property tax rate of 1.098%, based on a median home value of $135,000 and median real estate taxes of $1,482. That is higher than the Ottawa County average of 1.087%.
What is the average home price in Genoa?
The median owner-occupied home value in Genoa, Ohio is $135,000, against $200,700 across Ottawa County.
Is it cheaper to rent or buy in Genoa?
Median gross rent in Genoa is $926 a month, against $1,224 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 Genoa — 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.