Total monthly cost of ownership
Cost to Own a Home in LaGrange, Ohio
A $244,000 home here costs
$2,151per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $92,000 a year.
A standard mortgage calculator would have told you $1,330. The real number is $820 higher every month, 62% more than the payment most buyers budget for.
Compare Lorain County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for LaGrange from a five-year rolling sample, and with about 2,736 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Lorain County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
LaGrange against Lorain County and Ohio
| Measure | LaGrange | Lorain County |
|---|---|---|
| Median home value | $243,800 | $207,200 |
| Median property tax | $3,531 | $2,992 |
| Effective tax rate | 1.448% | 1.444% |
| Median gross rent | $968 | $916 |
| Population | 2,736 | 314,588 |
The weather behind that power bill
LaGrange sits in Lorain County, which averages a high of 82.3°F in its hottest month and a low of 19.8°F in its coldest, with 36.72" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 690 cooling and 6,045 heating degree days, which is what sets the $164 electricity line above.
See the full climate breakdown for Lorain County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lorain County
Talk to someone who works this market
These are LaGrange 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 LaGrange every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in LaGrange I already own here and may sell
Common questions
How much does it cost to own a home in LaGrange?
A $244,000 home in LaGrange, Ohio costs approximately $2,151 per month with 20% down at 7.24%. That is $1,330 principal and interest, $294 property tax, $91 homeowners insurance, $232 utilities and $203 set aside for maintenance.
What is the property tax rate in LaGrange?
LaGrange has an effective property tax rate of 1.448%, based on a median home value of $243,800 and median real estate taxes of $3,531. That is in line with the Lorain County average of 1.444%.
What is the average home price in LaGrange?
The median owner-occupied home value in LaGrange, Ohio is $243,800, against $207,200 across Lorain County.
Is it cheaper to rent or buy in LaGrange?
Median gross rent in LaGrange is $968 a month, against $2,151 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 LaGrange?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in LaGrange, Ohio at today's rate takes a household income of roughly $92,000 a year. That covers the full $2,151 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for LaGrange, 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.