Total monthly cost of ownership
Cost to Own a Home in Oak Harbor, Ohio
A $135,000 home here costs
$1,273per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $54,500 a year.
A standard mortgage calculator would have told you $736. The real number is $537 higher every month, 73% more than the payment most buyers budget for.
Compare Ottawa County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Oak Harbor from a five-year rolling sample, and with about 2,555 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Ottawa County figures are drawn from a far larger sample if you want a steadier number.
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 $164 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
Talk to someone who works this market
These are Oak Harbor averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Oak Harbor every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Oak Harbor I already own here and may sell
Common questions
How much does it cost to own a home in Oak Harbor?
A $135,000 home in Oak Harbor, Ohio costs approximately $1,273 per month with 20% down at 7.24%. That is $736 principal and interest, $143 property tax, $50 homeowners insurance, $232 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 $1,273 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Oak Harbor?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Oak Harbor, Ohio at today's rate takes a household income of roughly $54,500 a year. That covers the full $1,273 monthly cost, not just the mortgage payment.
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.