Total monthly cost of ownership
Cost to Own a Home in Lake Mohawk, Ohio
A $251,000 home here costs
$2,135per 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 $91,500 a year.
A standard mortgage calculator would have told you $1,368. The real number is $766 higher every month, 56% more than the payment most buyers budget for.
Compare Carroll County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Lake Mohawk from a five-year rolling sample, and with about 1,372 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 Carroll 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.
Lake Mohawk against Carroll County and Ohio
| Measure | Lake Mohawk | Carroll County |
|---|---|---|
| Median home value | $251,200 | $174,500 |
| Median property tax | $2,784 | $1,688 |
| Effective tax rate | 1.108% | 0.967% |
| Median gross rent | — | $780 |
| Population | 1,372 | 26,731 |
The weather behind that power bill
Lake Mohawk sits in Carroll County, which averages a high of 83.8°F in its hottest month and a low of 20.9°F in its coldest, with 38.67" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 779 cooling and 5,569 heating degree days, which is what sets the $164 electricity line above.
See the full climate breakdown for Carroll County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Carroll County
Talk to someone who works this market
These are Lake Mohawk 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 Lake Mohawk every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Lake Mohawk I already own here and may sell
Common questions
How much does it cost to own a home in Lake Mohawk?
A $251,000 home in Lake Mohawk, Ohio costs approximately $2,135 per month with 20% down at 7.24%. That is $1,368 principal and interest, $232 property tax, $93 homeowners insurance, $232 utilities and $209 set aside for maintenance.
What is the property tax rate in Lake Mohawk?
Lake Mohawk has an effective property tax rate of 1.108%, based on a median home value of $251,200 and median real estate taxes of $2,784. That is higher than the Carroll County average of 0.967%.
What is the average home price in Lake Mohawk?
The median owner-occupied home value in Lake Mohawk, Ohio is $251,200, against $174,500 across Carroll County.
Is it cheaper to rent or buy in Lake Mohawk?
Rent data is not published for Lake Mohawk at this level of detail.
What salary do you need to buy a home in Lake Mohawk?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Lake Mohawk, Ohio at today's rate takes a household income of roughly $91,500 a year. That covers the full $2,135 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lake Mohawk, 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.