Total monthly cost of ownership
Cost to Own a Home in Northfield, Ohio
A $168,000 home here costs
$1,522per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $864. The real number is $658 higher every month — 76% 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.
Northfield against Summit County and Ohio
| Measure | Northfield | Summit County |
|---|---|---|
| Median home value | $168,300 | $195,700 |
| Median property tax | $2,553 | $3,018 |
| Effective tax rate | 1.517% | 1.542% |
| Median gross rent | $855 | $998 |
| Population | 3,525 | 538,087 |
The weather behind that power bill
Northfield sits in Summit County, which averages a high of 85.1°F in its hottest month and a low of 21.0°F in its coldest, with 32.51" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 934 cooling and 5,538 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Summit County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Summit County
Common questions
How much does it cost to own a home in Northfield?
A $168,000 home in Northfield, Ohio costs approximately $1,522 per month with 20% down at 6.66%. That is $864 principal and interest, $212 property tax, $62 homeowners insurance, $243 utilities and $140 set aside for maintenance.
What is the property tax rate in Northfield?
Northfield has an effective property tax rate of 1.517%, based on a median home value of $168,300 and median real estate taxes of $2,553. That is lower than the Summit County average of 1.542%.
What is the average home price in Northfield?
The median owner-occupied home value in Northfield, Ohio is $168,300, against $195,700 across Summit County.
Is it cheaper to rent or buy in Northfield?
Median gross rent in Northfield is $855 a month, against $1,522 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 Northfield — 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.