Total monthly cost of ownership
Cost to Own a Home in Loudonville, Ohio
A $151,000 home here costs
$1,360per 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 $58,500 a year.
A standard mortgage calculator would have told you $823. The real number is $536 higher every month, 65% more than the payment most buyers budget for.
Compare Ashland County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Loudonville from a five-year rolling sample, and with about 3,249 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 Ashland 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.
Loudonville against Ashland County and Ohio
| Measure | Loudonville | Ashland County |
|---|---|---|
| Median home value | $151,400 | $175,900 |
| Median property tax | $1,475 | $1,787 |
| Effective tax rate | 0.974% | 1.016% |
| Median gross rent | $683 | $841 |
| Population | 3,249 | 52,296 |
Loudonville extends across 2 counties. Figures here use Ashland County, where most of its housing sits.
The weather behind that power bill
Loudonville sits in Ashland County, which averages a high of 82.8°F in its hottest month and a low of 19.1°F in its coldest, with 42.49" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 751 cooling and 5,983 heating degree days, which is what sets the $164 electricity line above.
See the full climate breakdown for Ashland County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Ashland County
Talk to someone who works this market
These are Loudonville 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 Loudonville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Loudonville I already own here and may sell
Common questions
How much does it cost to own a home in Loudonville?
A $151,000 home in Loudonville, Ohio costs approximately $1,360 per month with 20% down at 7.24%. That is $823 principal and interest, $123 property tax, $56 homeowners insurance, $232 utilities and $126 set aside for maintenance.
What is the property tax rate in Loudonville?
Loudonville has an effective property tax rate of 0.974%, based on a median home value of $151,400 and median real estate taxes of $1,475. That is lower than the Ashland County average of 1.016%.
What is the average home price in Loudonville?
The median owner-occupied home value in Loudonville, Ohio is $151,400, against $175,900 across Ashland County.
Is it cheaper to rent or buy in Loudonville?
Median gross rent in Loudonville is $683 a month, against $1,360 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 Loudonville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Loudonville, Ohio at today's rate takes a household income of roughly $58,500 a year. That covers the full $1,360 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Loudonville, 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.