Total monthly cost of ownership
Cost to Own a Home in Niles, Ohio
A $108,000 home here costs
$1,047per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $555. The real number is $492 higher every month — 89% 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.
Niles against Trumbull County and Ohio
| Measure | Niles | Trumbull County |
|---|---|---|
| Median home value | $108,400 | $128,100 |
| Median property tax | $1,422 | $1,806 |
| Effective tax rate | 1.312% | 1.410% |
| Median gross rent | $787 | $783 |
| Population | 18,301 | 201,367 |
The weather behind that power bill
Niles 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 Niles?
A $108,000 home in Niles, Ohio costs approximately $1,047 per month with 20% down at 6.66%. That is $555 principal and interest, $118 property tax, $40 homeowners insurance, $243 utilities and $90 set aside for maintenance.
What is the property tax rate in Niles?
Niles has an effective property tax rate of 1.312%, based on a median home value of $108,400 and median real estate taxes of $1,422. That is lower than the Trumbull County average of 1.410%.
What is the average home price in Niles?
The median owner-occupied home value in Niles, Ohio is $108,400, against $128,100 across Trumbull County.
Is it cheaper to rent or buy in Niles?
Median gross rent in Niles is $787 a month, against $1,047 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 Niles — 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.