Total monthly cost of ownership
Cost to Own a Home in Montpelier, Ohio
A $105,000 home here costs
$996per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $540. The real number is $456 higher every month — 84% 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.
Montpelier against Williams County and Ohio
| Measure | Montpelier | Williams County |
|---|---|---|
| Median home value | $105,200 | $140,000 |
| Median property tax | $1,032 | $1,624 |
| Effective tax rate | 0.981% | 1.160% |
| Median gross rent | $758 | $805 |
| Population | 3,916 | 36,862 |
The weather behind that power bill
Montpelier sits in Williams County, which averages a high of 83.4°F in its hottest month and a low of 16.6°F in its coldest, with 37.92" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 706 cooling and 6,460 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Williams County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Williams County
Common questions
How much does it cost to own a home in Montpelier?
A $105,000 home in Montpelier, Ohio costs approximately $996 per month with 20% down at 6.66%. That is $540 principal and interest, $86 property tax, $39 homeowners insurance, $243 utilities and $88 set aside for maintenance.
What is the property tax rate in Montpelier?
Montpelier has an effective property tax rate of 0.981%, based on a median home value of $105,200 and median real estate taxes of $1,032. That is lower than the Williams County average of 1.160%.
What is the average home price in Montpelier?
The median owner-occupied home value in Montpelier, Ohio is $105,200, against $140,000 across Williams County.
Is it cheaper to rent or buy in Montpelier?
Median gross rent in Montpelier is $758 a month, against $996 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 Montpelier — 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.