Total monthly cost of ownership
Cost to Own a Home in Guilford Lake, Ohio
A $219,000 home here costs
$1,745per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,126. The real number is $619 higher every month — 55% 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.
Guilford Lake against Columbiana County and Ohio
| Measure | Guilford Lake | Columbiana County |
|---|---|---|
| Median home value | $219,300 | $139,100 |
| Median property tax | $1,342 | $1,488 |
| Effective tax rate | 0.612% | 1.070% |
| Median gross rent | $920 | $736 |
| Population | 1,109 | 101,203 |
The weather behind that power bill
Guilford Lake sits in Columbiana County, which averages a high of 82.7°F in its hottest month and a low of 19.3°F in its coldest, with 41.19" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 633 cooling and 6,089 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Columbiana County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Columbiana County
Full Columbiana County cost breakdown · Every county in Ohio
Common questions
How much does it cost to own a home in Guilford Lake?
A $219,000 home in Guilford Lake, Ohio costs approximately $1,745 per month with 20% down at 6.66%. That is $1,126 principal and interest, $112 property tax, $81 homeowners insurance, $243 utilities and $183 set aside for maintenance.
What is the property tax rate in Guilford Lake?
Guilford Lake has an effective property tax rate of 0.612%, based on a median home value of $219,300 and median real estate taxes of $1,342. That is lower than the Columbiana County average of 1.070%.
What is the average home price in Guilford Lake?
The median owner-occupied home value in Guilford Lake, Ohio is $219,300, against $139,100 across Columbiana County.
Is it cheaper to rent or buy in Guilford Lake?
Median gross rent in Guilford Lake is $920 a month, against $1,745 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 Guilford Lake — 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.