Total monthly cost of ownership
Cost to Own a Home in North Baltimore, Ohio
A $108,000 home here costs
$1,044per 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 $489 higher every month — 88% 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.
North Baltimore against Wood County and Ohio
| Measure | North Baltimore | Wood County |
|---|---|---|
| Median home value | $108,300 | $214,400 |
| Median property tax | $1,386 | $2,911 |
| Effective tax rate | 1.280% | 1.358% |
| Median gross rent | $786 | $950 |
| Population | 3,751 | 131,795 |
The weather behind that power bill
North Baltimore sits in Wood County, which averages a high of 84.2°F in its hottest month and a low of 19.2°F in its coldest, with 35.16" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 878 cooling and 6,012 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Wood County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Wood County
Common questions
How much does it cost to own a home in North Baltimore?
A $108,000 home in North Baltimore, Ohio costs approximately $1,044 per month with 20% down at 6.66%. That is $555 principal and interest, $115 property tax, $40 homeowners insurance, $243 utilities and $90 set aside for maintenance.
What is the property tax rate in North Baltimore?
North Baltimore has an effective property tax rate of 1.280%, based on a median home value of $108,300 and median real estate taxes of $1,386. That is lower than the Wood County average of 1.358%.
What is the average home price in North Baltimore?
The median owner-occupied home value in North Baltimore, Ohio is $108,300, against $214,400 across Wood County.
Is it cheaper to rent or buy in North Baltimore?
Median gross rent in North Baltimore is $786 a month, against $1,044 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 North Baltimore — 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.