Total monthly cost of ownership
Cost to Own a Home in Park Layne, Ohio
A $117,000 home here costs
$1,105per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $601. The real number is $504 higher every month — 84% 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.
Park Layne against Clark County and Ohio
| Measure | Park Layne | Clark County |
|---|---|---|
| Median home value | $116,600 | $155,900 |
| Median property tax | $1,424 | $1,943 |
| Effective tax rate | 1.221% | 1.246% |
| Median gross rent | $849 | $840 |
| Population | 4,193 | 135,445 |
The weather behind that power bill
Park Layne sits in Clark County, which averages a high of 83.9°F in its hottest month and a low of 18.5°F in its coldest, with 40.25" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 802 cooling and 5,808 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Clark County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Clark County
Common questions
How much does it cost to own a home in Park Layne?
A $117,000 home in Park Layne, Ohio costs approximately $1,105 per month with 20% down at 6.66%. That is $601 principal and interest, $119 property tax, $43 homeowners insurance, $243 utilities and $98 set aside for maintenance.
What is the property tax rate in Park Layne?
Park Layne has an effective property tax rate of 1.221%, based on a median home value of $116,600 and median real estate taxes of $1,424. That is lower than the Clark County average of 1.246%.
What is the average home price in Park Layne?
The median owner-occupied home value in Park Layne, Ohio is $116,600, against $155,900 across Clark County.
Is it cheaper to rent or buy in Park Layne?
Median gross rent in Park Layne is $849 a month, against $1,105 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 Park Layne — 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.