Total monthly cost of ownership
Cost to Own a Home in Hilliard, Ohio
A $360,000 home here costs
$3,129per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,851. The real number is $1,278 higher every month — 69% 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.
Hilliard against Franklin County and Ohio
| Measure | Hilliard | Franklin County |
|---|---|---|
| Median home value | $360,000 | $265,700 |
| Median property tax | $7,216 | $4,110 |
| Effective tax rate | 2.004% | 1.547% |
| Median gross rent | $1,590 | $1,233 |
| Population | 36,560 | 1,321,635 |
The weather behind that power bill
Hilliard sits in Franklin County, which averages a high of 85.4°F in its hottest month and a low of 22.0°F in its coldest, with 41.57" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,068 cooling and 5,233 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Franklin County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Franklin County
Common questions
How much does it cost to own a home in Hilliard?
A $360,000 home in Hilliard, Ohio costs approximately $3,129 per month with 20% down at 6.66%. That is $1,851 principal and interest, $601 property tax, $134 homeowners insurance, $243 utilities and $300 set aside for maintenance.
What is the property tax rate in Hilliard?
Hilliard has an effective property tax rate of 2.004%, based on a median home value of $360,000 and median real estate taxes of $7,216. That is higher than the Franklin County average of 1.547%.
What is the average home price in Hilliard?
The median owner-occupied home value in Hilliard, Ohio is $360,000, against $265,700 across Franklin County.
Is it cheaper to rent or buy in Hilliard?
Median gross rent in Hilliard is $1,590 a month, against $3,129 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 Hilliard — 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.