Total monthly cost of ownership
Cost to Own a Home in Middletown, Ohio
A $148,000 home here costs
$1,344per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $761. The real number is $584 higher every month — 77% 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.
Middletown against Butler County and Ohio
| Measure | Middletown | Butler County |
|---|---|---|
| Median home value | $148,300 | $243,000 |
| Median property tax | $1,944 | $3,010 |
| Effective tax rate | 1.311% | 1.239% |
| Median gross rent | $974 | $1,098 |
| Population | 50,607 | 389,910 |
Middletown extends across 2 counties. Figures here use Butler County, where most of its housing sits.
The weather behind that power bill
Middletown sits in Butler County, which averages a high of 86.8°F in its hottest month and a low of 21.5°F in its coldest, with 41.42" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 1,067 cooling and 5,111 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Butler County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Butler County
Common questions
How much does it cost to own a home in Middletown?
A $148,000 home in Middletown, Ohio costs approximately $1,344 per month with 20% down at 6.66%. That is $761 principal and interest, $162 property tax, $55 homeowners insurance, $243 utilities and $123 set aside for maintenance.
What is the property tax rate in Middletown?
Middletown has an effective property tax rate of 1.311%, based on a median home value of $148,300 and median real estate taxes of $1,944. That is higher than the Butler County average of 1.239%.
What is the average home price in Middletown?
The median owner-occupied home value in Middletown, Ohio is $148,300, against $243,000 across Butler County.
Is it cheaper to rent or buy in Middletown?
Median gross rent in Middletown is $974 a month, against $1,344 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 Middletown — 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.