Total monthly cost of ownership
Cost to Own a Home in New Miami, Ohio
A $93,000 home here costs
$939per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $478. The real number is $460 higher every month — 96% 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 Miami against Butler County and Ohio
| Measure | New Miami | Butler County |
|---|---|---|
| Median home value | $93,000 | $243,000 |
| Median property tax | $1,259 | $3,010 |
| Effective tax rate | 1.354% | 1.239% |
| Median gross rent | $1,074 | $1,098 |
| Population | 2,280 | 389,910 |
The weather behind that power bill
New Miami sits in Butler County, which averages a high of 86.8°F in its hottest month and a low of 21.5°F in its coldest, with 41.42" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 1,067 cooling and 5,111 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Butler County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Butler County
Common questions
How much does it cost to own a home in New Miami?
A $93,000 home in New Miami, Ohio costs approximately $939 per month with 20% down at 6.66%. That is $478 principal and interest, $105 property tax, $35 homeowners insurance, $243 utilities and $78 set aside for maintenance.
What is the property tax rate in New Miami?
New Miami has an effective property tax rate of 1.354%, based on a median home value of $93,000 and median real estate taxes of $1,259. That is higher than the Butler County average of 1.239%.
What is the average home price in New Miami?
The median owner-occupied home value in New Miami, Ohio is $93,000, against $243,000 across Butler County.
Is it cheaper to rent or buy in New Miami?
Median gross rent in New Miami is $1,074 a month, against $939 to own the median home all in. Owning 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 Miami — 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.