Total monthly cost of ownership
Cost to Own a Home in Marion, Ohio
A $106,000 home here costs
$1,013per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $545. The real number is $468 higher every month — 86% 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.
Marion against Marion County and Ohio
| Measure | Marion | Marion County |
|---|---|---|
| Median home value | $105,900 | $146,200 |
| Median property tax | $1,161 | $1,432 |
| Effective tax rate | 1.096% | 0.979% |
| Median gross rent | $848 | $850 |
| Population | 35,771 | 65,145 |
The weather behind that power bill
Marion sits in Marion County, which averages a high of 83.7°F in its hottest month and a low of 17.9°F in its coldest, with 39.43" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 799 cooling and 6,015 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Marion County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Marion County
Common questions
How much does it cost to own a home in Marion?
A $106,000 home in Marion, Ohio costs approximately $1,013 per month with 20% down at 6.66%. That is $545 principal and interest, $97 property tax, $39 homeowners insurance, $243 utilities and $88 set aside for maintenance.
What is the property tax rate in Marion?
Marion has an effective property tax rate of 1.096%, based on a median home value of $105,900 and median real estate taxes of $1,161. That is higher than the Marion County average of 0.979%.
What is the average home price in Marion?
The median owner-occupied home value in Marion, Ohio is $105,900, against $146,200 across Marion County.
Is it cheaper to rent or buy in Marion?
Median gross rent in Marion is $848 a month, against $1,013 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 Marion — 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.