Total monthly cost of ownership
Cost to Own a Home in New Knoxville, Ohio
A $172,000 home here costs
$1,499per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $64,000 a year.
A standard mortgage calculator would have told you $938. The real number is $561 higher every month, 60% more than the payment most buyers budget for.
Compare Auglaize County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for New Knoxville from a five-year rolling sample, and with about 1,056 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Auglaize County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
New Knoxville against Auglaize County and Ohio
| Measure | New Knoxville | Auglaize County |
|---|---|---|
| Median home value | $171,700 | $182,000 |
| Median property tax | $1,458 | $1,756 |
| Effective tax rate | 0.849% | 0.965% |
| Median gross rent | $840 | $853 |
| Population | 1,056 | 46,209 |
The weather behind that power bill
New Knoxville sits in Auglaize County, which averages a high of 83.6°F in its hottest month and a low of 20.1°F in its coldest, with 35.77" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 847 cooling and 5,769 heating degree days, which is what sets the $164 electricity line above.
See the full climate breakdown for Auglaize County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Auglaize County
Talk to someone who works this market
These are New Knoxville averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works New Knoxville every week. Free, no obligation, and we never sell your details to a list.
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Common questions
How much does it cost to own a home in New Knoxville?
A $172,000 home in New Knoxville, Ohio costs approximately $1,499 per month with 20% down at 7.24%. That is $938 principal and interest, $122 property tax, $64 homeowners insurance, $232 utilities and $143 set aside for maintenance.
What is the property tax rate in New Knoxville?
New Knoxville has an effective property tax rate of 0.849%, based on a median home value of $171,700 and median real estate taxes of $1,458. That is lower than the Auglaize County average of 0.965%.
What is the average home price in New Knoxville?
The median owner-occupied home value in New Knoxville, Ohio is $171,700, against $182,000 across Auglaize County.
Is it cheaper to rent or buy in New Knoxville?
Median gross rent in New Knoxville is $840 a month, against $1,499 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in New Knoxville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in New Knoxville, Ohio at today's rate takes a household income of roughly $64,000 a year. That covers the full $1,499 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for New Knoxville, 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.