Total monthly cost of ownership
Cost to Own a Home in Monroeville, Ohio
A $129,000 home here costs
$1,178per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $663. The real number is $515 higher every month — 78% 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.
Monroeville against Huron County and Ohio
| Measure | Monroeville | Huron County |
|---|---|---|
| Median home value | $129,300 | $158,900 |
| Median property tax | $1,397 | $1,664 |
| Effective tax rate | 1.080% | 1.047% |
| Median gross rent | $966 | $824 |
| Population | 1,629 | 58,412 |
The weather behind that power bill
Monroeville sits in Huron County, which averages a high of 83.0°F in its hottest month and a low of 19.0°F in its coldest, with 40.08" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 827 cooling and 6,084 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Huron County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Huron County
Common questions
How much does it cost to own a home in Monroeville?
A $129,000 home in Monroeville, Ohio costs approximately $1,178 per month with 20% down at 6.66%. That is $663 principal and interest, $116 property tax, $48 homeowners insurance, $243 utilities and $108 set aside for maintenance.
What is the property tax rate in Monroeville?
Monroeville has an effective property tax rate of 1.080%, based on a median home value of $129,300 and median real estate taxes of $1,397. That is higher than the Huron County average of 1.047%.
What is the average home price in Monroeville?
The median owner-occupied home value in Monroeville, Ohio is $129,300, against $158,900 across Huron County.
Is it cheaper to rent or buy in Monroeville?
Median gross rent in Monroeville is $966 a month, against $1,178 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 Monroeville — 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.