Total monthly cost of ownership
Cost to Own a Home in Logan Elm Village, Ohio
A $177,000 home here costs
$1,561per 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 $67,000 a year.
A standard mortgage calculator would have told you $965. The real number is $596 higher every month, 62% more than the payment most buyers budget for.
Compare Pickaway County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Logan Elm Village from a five-year rolling sample, and with about 1,238 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 Pickaway 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.
Logan Elm Village against Pickaway County and Ohio
| Measure | Logan Elm Village | Pickaway County |
|---|---|---|
| Median home value | $176,700 | $235,700 |
| Median property tax | $1,807 | $2,438 |
| Effective tax rate | 1.023% | 1.034% |
| Median gross rent | — | $965 |
| Population | 1,238 | 59,407 |
The weather behind that power bill
Logan Elm Village sits in Pickaway County, which averages a high of 85.8°F in its hottest month and a low of 23.0°F in its coldest, with 40.94" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 1,129 cooling and 5,003 heating degree days, which is what sets the $164 electricity line above.
See the full climate breakdown for Pickaway County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pickaway County
Talk to someone who works this market
These are Logan Elm Village 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 Logan Elm Village every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Logan Elm Village I already own here and may sell
Common questions
How much does it cost to own a home in Logan Elm Village?
A $177,000 home in Logan Elm Village, Ohio costs approximately $1,561 per month with 20% down at 7.24%. That is $965 principal and interest, $151 property tax, $66 homeowners insurance, $232 utilities and $148 set aside for maintenance.
What is the property tax rate in Logan Elm Village?
Logan Elm Village has an effective property tax rate of 1.023%, based on a median home value of $176,700 and median real estate taxes of $1,807. That is lower than the Pickaway County average of 1.034%.
What is the average home price in Logan Elm Village?
The median owner-occupied home value in Logan Elm Village, Ohio is $176,700, against $235,700 across Pickaway County.
Is it cheaper to rent or buy in Logan Elm Village?
Rent data is not published for Logan Elm Village at this level of detail.
What salary do you need to buy a home in Logan Elm Village?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Logan Elm Village, Ohio at today's rate takes a household income of roughly $67,000 a year. That covers the full $1,561 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Logan Elm Village, 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.