Total monthly cost of ownership
Cost to Own a Home in Kettering, Ohio
A $193,000 home here costs
$1,776per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $992. The real number is $784 higher every month — 79% 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.
Kettering against Montgomery County and Ohio
| Measure | Kettering | Montgomery County |
|---|---|---|
| Median home value | $192,500 | $167,400 |
| Median property tax | $3,680 | $2,975 |
| Effective tax rate | 1.912% | 1.777% |
| Median gross rent | $983 | $968 |
| Population | 57,442 | 535,528 |
Kettering extends across 2 counties. Figures here use Montgomery County, where most of its housing sits.
The weather behind that power bill
Kettering sits in Montgomery County, which averages a high of 86.7°F in its hottest month and a low of 20.1°F in its coldest, with 41.65" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 1,191 cooling and 5,432 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Montgomery County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Montgomery County
Full Montgomery County cost breakdown · Every county in Ohio
Common questions
How much does it cost to own a home in Kettering?
A $193,000 home in Kettering, Ohio costs approximately $1,776 per month with 20% down at 6.66%. That is $992 principal and interest, $308 property tax, $72 homeowners insurance, $243 utilities and $161 set aside for maintenance.
What is the property tax rate in Kettering?
Kettering has an effective property tax rate of 1.912%, based on a median home value of $192,500 and median real estate taxes of $3,680. That is higher than the Montgomery County average of 1.777%.
What is the average home price in Kettering?
The median owner-occupied home value in Kettering, Ohio is $192,500, against $167,400 across Montgomery County.
Is it cheaper to rent or buy in Kettering?
Median gross rent in Kettering is $983 a month, against $1,776 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 Kettering — 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.