Total monthly cost of ownership
Cost to Own a Home in Loudonville, Ohio
A $151,000 home here costs
$1,324per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $776. The real number is $548 higher every month — 71% more than the payment most buyers budget for.
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 $175 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
Common questions
How much does it cost to own a home in Loudonville?
A $151,000 home in Loudonville, Ohio costs approximately $1,324 per month with 20% down at 6.66%. That is $776 principal and interest, $123 property tax, $56 homeowners insurance, $243 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 $1,324 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
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.