Total monthly cost of ownership
Cost to Own a Home in Morgandale, Ohio
A $106,000 home here costs
$1,020per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $545. The real number is $475 higher every month — 87% 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.
Morgandale against Trumbull County and Ohio
| Measure | Morgandale | Trumbull County |
|---|---|---|
| Median home value | $106,000 | $128,100 |
| Median property tax | $1,250 | $1,806 |
| Effective tax rate | 1.179% | 1.410% |
| Median gross rent | $967 | $783 |
| Population | 1,370 | 201,367 |
The weather behind that power bill
Morgandale sits in Trumbull County, which averages a high of 82.1°F in its hottest month and a low of 17.6°F in its coldest, with 42.67" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 556 cooling and 6,282 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Trumbull County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Trumbull County
Common questions
How much does it cost to own a home in Morgandale?
A $106,000 home in Morgandale, Ohio costs approximately $1,020 per month with 20% down at 6.66%. That is $545 principal and interest, $104 property tax, $39 homeowners insurance, $243 utilities and $88 set aside for maintenance.
What is the property tax rate in Morgandale?
Morgandale has an effective property tax rate of 1.179%, based on a median home value of $106,000 and median real estate taxes of $1,250. That is lower than the Trumbull County average of 1.410%.
What is the average home price in Morgandale?
The median owner-occupied home value in Morgandale, Ohio is $106,000, against $128,100 across Trumbull County.
Is it cheaper to rent or buy in Morgandale?
Median gross rent in Morgandale is $967 a month, against $1,020 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 Morgandale — 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.