Total monthly cost of ownership
Cost to Own a Home in Richville, Ohio
A $167,000 home here costs
$1,537per 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 $66,000 a year.
A standard mortgage calculator would have told you $910. The real number is $627 higher every month, 69% more than the payment most buyers budget for.
Compare Stark County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Richville from a five-year rolling sample, and with about 2,971 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 Stark 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.
Richville against Stark County and Ohio
| Measure | Richville | Stark County |
|---|---|---|
| Median home value | $166,700 | $177,700 |
| Median property tax | $2,319 | $2,342 |
| Effective tax rate | 1.391% | 1.318% |
| Median gross rent | $1,023 | $877 |
| Population | 2,971 | 373,764 |
The weather behind that power bill
Richville sits in Stark County, which averages a high of 84.3°F in its hottest month and a low of 20.3°F in its coldest, with 41.57" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 870 cooling and 5,700 heating degree days, which is what sets the $164 electricity line above.
See the full climate breakdown for Stark County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Stark County
Talk to someone who works this market
These are Richville 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 Richville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Richville I already own here and may sell
Common questions
How much does it cost to own a home in Richville?
A $167,000 home in Richville, Ohio costs approximately $1,537 per month with 20% down at 7.24%. That is $910 principal and interest, $194 property tax, $62 homeowners insurance, $232 utilities and $139 set aside for maintenance.
What is the property tax rate in Richville?
Richville has an effective property tax rate of 1.391%, based on a median home value of $166,700 and median real estate taxes of $2,319. That is higher than the Stark County average of 1.318%.
What is the average home price in Richville?
The median owner-occupied home value in Richville, Ohio is $166,700, against $177,700 across Stark County.
Is it cheaper to rent or buy in Richville?
Median gross rent in Richville is $1,023 a month, against $1,537 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 Richville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Richville, Ohio at today's rate takes a household income of roughly $66,000 a year. That covers the full $1,537 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Richville, 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.