Total monthly cost of ownership
Cost to Own a Home in McArthur, Ohio
A $195,000 home here costs
$1,633per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,002. The real number is $630 higher every month — 63% 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.
McArthur against Vinton County and Ohio
| Measure | McArthur | Vinton County |
|---|---|---|
| Median home value | $195,000 | $131,700 |
| Median property tax | $1,821 | $1,432 |
| Effective tax rate | 0.934% | 1.087% |
| Median gross rent | $558 | $663 |
| Population | 2,052 | 12,686 |
The weather behind that power bill
McArthur sits in Vinton County, which averages a high of 84.6°F in its hottest month and a low of 21.5°F in its coldest, with 43.13" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 826 cooling and 5,280 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Vinton County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Vinton County
No other places of this size are published in Vinton County.
Common questions
How much does it cost to own a home in McArthur?
A $195,000 home in McArthur, Ohio costs approximately $1,633 per month with 20% down at 6.66%. That is $1,002 principal and interest, $152 property tax, $72 homeowners insurance, $243 utilities and $163 set aside for maintenance.
What is the property tax rate in McArthur?
McArthur has an effective property tax rate of 0.934%, based on a median home value of $195,000 and median real estate taxes of $1,821. That is lower than the Vinton County average of 1.087%.
What is the average home price in McArthur?
The median owner-occupied home value in McArthur, Ohio is $195,000, against $131,700 across Vinton County.
Is it cheaper to rent or buy in McArthur?
Median gross rent in McArthur is $558 a month, against $1,633 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 McArthur — 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.