Total monthly cost of ownership
Cost to Own a Home in Louisville, Ohio
A $193,000 home here costs
$1,657per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $992. The real number is $665 higher every month — 67% 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.
Louisville against Stark County and Ohio
| Measure | Louisville | Stark County |
|---|---|---|
| Median home value | $192,700 | $177,700 |
| Median property tax | $2,258 | $2,342 |
| Effective tax rate | 1.172% | 1.318% |
| Median gross rent | $842 | $877 |
| Population | 9,560 | 373,764 |
The weather behind that power bill
Louisville sits in Stark County, which averages a high of 84.3°F in its hottest month and a low of 20.3°F in its coldest, with 41.57" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 870 cooling and 5,700 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Stark County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Stark County
Common questions
How much does it cost to own a home in Louisville?
A $193,000 home in Louisville, Ohio costs approximately $1,657 per month with 20% down at 6.66%. That is $992 principal and interest, $188 property tax, $72 homeowners insurance, $243 utilities and $161 set aside for maintenance.
What is the property tax rate in Louisville?
Louisville has an effective property tax rate of 1.172%, based on a median home value of $192,700 and median real estate taxes of $2,258. That is lower than the Stark County average of 1.318%.
What is the average home price in Louisville?
The median owner-occupied home value in Louisville, Ohio is $192,700, against $177,700 across Stark County.
Is it cheaper to rent or buy in Louisville?
Median gross rent in Louisville is $842 a month, against $1,657 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 Louisville — 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.