Total monthly cost of ownership
Cost to Own a Home in Piqua, Ohio
A $125,000 home here costs
$1,179per 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 $50,500 a year.
A standard mortgage calculator would have told you $681. The real number is $498 higher every month, 73% more than the payment most buyers budget for.
Compare Miami County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Piqua against Miami County and Ohio
| Measure | Piqua | Miami County |
|---|---|---|
| Median home value | $124,900 | $209,200 |
| Median property tax | $1,381 | $2,106 |
| Effective tax rate | 1.106% | 1.007% |
| Median gross rent | $896 | $942 |
| Population | 20,533 | 109,549 |
The weather behind that power bill
Piqua sits in Miami County, which averages a high of 85.9°F in its hottest month and a low of 21.8°F in its coldest, with 41.33" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 1,154 cooling and 5,149 heating degree days, which is what sets the $164 electricity line above.
See the full climate breakdown for Miami County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Miami County
Talk to someone who works this market
These are Piqua 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 Piqua every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Piqua?
A $125,000 home in Piqua, Ohio costs approximately $1,179 per month with 20% down at 7.24%. That is $681 principal and interest, $115 property tax, $46 homeowners insurance, $232 utilities and $104 set aside for maintenance.
What is the property tax rate in Piqua?
Piqua has an effective property tax rate of 1.106%, based on a median home value of $124,900 and median real estate taxes of $1,381. That is higher than the Miami County average of 1.007%.
What is the average home price in Piqua?
The median owner-occupied home value in Piqua, Ohio is $124,900, against $209,200 across Miami County.
Is it cheaper to rent or buy in Piqua?
Median gross rent in Piqua is $896 a month, against $1,179 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 Piqua?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Piqua, Ohio at today's rate takes a household income of roughly $50,500 a year. That covers the full $1,179 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Piqua, 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.