Total monthly cost of ownership
Cost to Own a Home in Mason, Ohio
A $398,000 home here costs
$3,196per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,046. The real number is $1,150 higher every month — 56% 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.
Mason against Warren County and Ohio
| Measure | Mason | Warren County |
|---|---|---|
| Median home value | $397,900 | $319,700 |
| Median property tax | $5,117 | $4,076 |
| Effective tax rate | 1.286% | 1.275% |
| Median gross rent | $1,670 | $1,293 |
| Population | 35,148 | 246,364 |
The weather behind that power bill
Mason sits in Warren County, which averages a high of 85.9°F in its hottest month and a low of 22.0°F in its coldest, with 40.97" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 1,099 cooling and 5,033 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Warren County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Warren County
Common questions
How much does it cost to own a home in Mason?
A $398,000 home in Mason, Ohio costs approximately $3,196 per month with 20% down at 6.66%. That is $2,046 principal and interest, $427 property tax, $148 homeowners insurance, $243 utilities and $332 set aside for maintenance.
What is the property tax rate in Mason?
Mason has an effective property tax rate of 1.286%, based on a median home value of $397,900 and median real estate taxes of $5,117. That is higher than the Warren County average of 1.275%.
What is the average home price in Mason?
The median owner-occupied home value in Mason, Ohio is $397,900, against $319,700 across Warren County.
Is it cheaper to rent or buy in Mason?
Median gross rent in Mason is $1,670 a month, against $3,196 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 Mason — 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.