Total monthly cost of ownership
Cost to Own a Home in Oak Harbor, Ohio
A $135,000 home here costs
$1,243per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $694. The real number is $549 higher every month — 79% 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.
Oak Harbor against Ottawa County and Ohio
| Measure | Oak Harbor | Ottawa County |
|---|---|---|
| Median home value | $134,700 | $200,700 |
| Median property tax | $1,706 | $2,181 |
| Effective tax rate | 1.267% | 1.087% |
| Median gross rent | $764 | $909 |
| Population | 2,555 | 40,161 |
The weather behind that power bill
Oak Harbor sits in Ottawa County, which averages a high of 82.3°F in its hottest month and a low of 21.8°F in its coldest, with 34.03" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 953 cooling and 5,653 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Ottawa County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Ottawa County
Common questions
How much does it cost to own a home in Oak Harbor?
A $135,000 home in Oak Harbor, Ohio costs approximately $1,243 per month with 20% down at 6.66%. That is $694 principal and interest, $143 property tax, $50 homeowners insurance, $243 utilities and $113 set aside for maintenance.
What is the property tax rate in Oak Harbor?
Oak Harbor has an effective property tax rate of 1.267%, based on a median home value of $134,700 and median real estate taxes of $1,706. That is higher than the Ottawa County average of 1.087%.
What is the average home price in Oak Harbor?
The median owner-occupied home value in Oak Harbor, Ohio is $134,700, against $200,700 across Ottawa County.
Is it cheaper to rent or buy in Oak Harbor?
Median gross rent in Oak Harbor is $764 a month, against $1,243 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 Oak Harbor — 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.