Total monthly cost of ownership
Cost to Own a Home in Jackson, Ohio
A $128,000 home here costs
$1,161per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $658. The real number is $503 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.
Jackson against Jackson County and Ohio
| Measure | Jackson | Jackson County |
|---|---|---|
| Median home value | $128,300 | $140,400 |
| Median property tax | $1,269 | $1,339 |
| Effective tax rate | 0.989% | 0.954% |
| Median gross rent | $784 | $773 |
| Population | 6,222 | 32,588 |
The weather behind that power bill
Jackson sits in Jackson County, which averages a high of 81.7°F in its hottest month and a low of 20.8°F in its coldest, with 45.06" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 676 cooling and 5,565 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Jackson County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Jackson County
Common questions
How much does it cost to own a home in Jackson?
A $128,000 home in Jackson, Ohio costs approximately $1,161 per month with 20% down at 6.66%. That is $658 principal and interest, $105 property tax, $48 homeowners insurance, $243 utilities and $107 set aside for maintenance.
What is the property tax rate in Jackson?
Jackson has an effective property tax rate of 0.989%, based on a median home value of $128,300 and median real estate taxes of $1,269. That is higher than the Jackson County average of 0.954%.
What is the average home price in Jackson?
The median owner-occupied home value in Jackson, Ohio is $128,300, against $140,400 across Jackson County.
Is it cheaper to rent or buy in Jackson?
Median gross rent in Jackson is $784 a month, against $1,161 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 Jackson — 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.