Total monthly cost of ownership
Cost to Own a Home in Kettering, Ohio
A $193,000 home here costs
$1,842per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $79,000 a year.
A standard mortgage calculator would have told you $1,069. The real number is $773 higher every month, 72% more than the payment most buyers budget for.
Compare Montgomery County with anywhere in America · full county breakdown
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 $165 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
Talk to someone who works this market
These are Kettering averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Kettering every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Kettering I already own here and may sell
Common questions
How much does it cost to own a home in Kettering?
A $193,000 home in Kettering, Ohio costs approximately $1,842 per month with 20% down at 7.4%. That is $1,069 principal and interest, $308 property tax, $72 homeowners insurance, $233 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 $1,842 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Kettering?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Kettering, Ohio at today's rate takes a household income of roughly $79,000 a year. That covers the full $1,842 monthly cost, not just the mortgage payment.
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.