Total monthly cost of ownership
Cost to Own a Home in New Concord, Ohio
A $194,000 home here costs
$1,643per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $997. The real number is $645 higher every month — 65% 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.
New Concord against Muskingum County and Ohio
| Measure | New Concord | Muskingum County |
|---|---|---|
| Median home value | $194,400 | $170,100 |
| Median property tax | $2,022 | $1,609 |
| Effective tax rate | 1.040% | 0.946% |
| Median gross rent | $824 | $811 |
| Population | 2,623 | 86,382 |
The weather behind that power bill
New Concord sits in Muskingum County, which averages a high of 84.8°F in its hottest month and a low of 21.7°F in its coldest, with 38.57" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 914 cooling and 5,268 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Muskingum County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Muskingum County
Common questions
How much does it cost to own a home in New Concord?
A $194,000 home in New Concord, Ohio costs approximately $1,643 per month with 20% down at 6.66%. That is $997 principal and interest, $168 property tax, $72 homeowners insurance, $243 utilities and $162 set aside for maintenance.
What is the property tax rate in New Concord?
New Concord has an effective property tax rate of 1.040%, based on a median home value of $194,400 and median real estate taxes of $2,022. That is higher than the Muskingum County average of 0.946%.
What is the average home price in New Concord?
The median owner-occupied home value in New Concord, Ohio is $194,400, against $170,100 across Muskingum County.
Is it cheaper to rent or buy in New Concord?
Median gross rent in New Concord is $824 a month, against $1,643 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 New Concord — 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.