Total monthly cost of ownership
Cost to Own a Home in Hamilton, Ohio
A $152,000 home here costs
$1,349per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $781. The real number is $568 higher every month — 73% 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.
Hamilton against Butler County and Ohio
| Measure | Hamilton | Butler County |
|---|---|---|
| Median home value | $152,300 | $243,000 |
| Median property tax | $1,696 | $3,010 |
| Effective tax rate | 1.114% | 1.239% |
| Median gross rent | $974 | $1,098 |
| Population | 63,124 | 389,910 |
The weather behind that power bill
Hamilton sits in Butler County, which averages a high of 86.8°F in its hottest month and a low of 21.5°F in its coldest, with 41.42" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 1,067 cooling and 5,111 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Butler County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Butler County
Common questions
How much does it cost to own a home in Hamilton?
A $152,000 home in Hamilton, Ohio costs approximately $1,349 per month with 20% down at 6.66%. That is $781 principal and interest, $141 property tax, $56 homeowners insurance, $243 utilities and $127 set aside for maintenance.
What is the property tax rate in Hamilton?
Hamilton has an effective property tax rate of 1.114%, based on a median home value of $152,300 and median real estate taxes of $1,696. That is lower than the Butler County average of 1.239%.
What is the average home price in Hamilton?
The median owner-occupied home value in Hamilton, Ohio is $152,300, against $243,000 across Butler County.
Is it cheaper to rent or buy in Hamilton?
Median gross rent in Hamilton is $974 a month, against $1,349 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 Hamilton — 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.