Total monthly cost of ownership
Cost to Own a Home in Millersburg, Ohio
A $145,000 home here costs
$1,296per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $745. The real number is $550 higher every month — 74% 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.
Millersburg against Holmes County and Ohio
| Measure | Millersburg | Holmes County |
|---|---|---|
| Median home value | $144,800 | $251,800 |
| Median property tax | $1,582 | $2,802 |
| Effective tax rate | 1.093% | 1.113% |
| Median gross rent | $757 | $773 |
| Population | 3,170 | 44,312 |
The weather behind that power bill
Millersburg sits in Holmes County, which averages a high of 83.7°F in its hottest month and a low of 18.0°F in its coldest, with 40.73" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 664 cooling and 6,046 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Holmes County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Holmes County
Common questions
How much does it cost to own a home in Millersburg?
A $145,000 home in Millersburg, Ohio costs approximately $1,296 per month with 20% down at 6.66%. That is $745 principal and interest, $132 property tax, $54 homeowners insurance, $243 utilities and $121 set aside for maintenance.
What is the property tax rate in Millersburg?
Millersburg has an effective property tax rate of 1.093%, based on a median home value of $144,800 and median real estate taxes of $1,582. That is lower than the Holmes County average of 1.113%.
What is the average home price in Millersburg?
The median owner-occupied home value in Millersburg, Ohio is $144,800, against $251,800 across Holmes County.
Is it cheaper to rent or buy in Millersburg?
Median gross rent in Millersburg is $757 a month, against $1,296 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 Millersburg — 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.