Total monthly cost of ownership
Cost to Own a Home in Medina, Ohio
A $232,000 home here costs
$1,960per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,193. The real number is $767 higher every month — 64% 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.
Medina against Medina County and Ohio
| Measure | Medina | Medina County |
|---|---|---|
| Median home value | $231,700 | $268,000 |
| Median property tax | $2,924 | $3,448 |
| Effective tax rate | 1.262% | 1.287% |
| Median gross rent | $1,025 | $1,090 |
| Population | 26,040 | 183,049 |
The weather behind that power bill
Medina sits in Medina County, which averages a high of 81.6°F in its hottest month and a low of 16.8°F in its coldest, with 40.55" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 582 cooling and 6,526 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Medina County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Medina County
Common questions
How much does it cost to own a home in Medina?
A $232,000 home in Medina, Ohio costs approximately $1,960 per month with 20% down at 6.66%. That is $1,193 principal and interest, $244 property tax, $86 homeowners insurance, $243 utilities and $193 set aside for maintenance.
What is the property tax rate in Medina?
Medina has an effective property tax rate of 1.262%, based on a median home value of $231,700 and median real estate taxes of $2,924. That is lower than the Medina County average of 1.287%.
What is the average home price in Medina?
The median owner-occupied home value in Medina, Ohio is $231,700, against $268,000 across Medina County.
Is it cheaper to rent or buy in Medina?
Median gross rent in Medina is $1,025 a month, against $1,960 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 Medina — 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.