Total monthly cost of ownership
Cost to Own a Home in Russells Point, Ohio
A $122,000 home here costs
$1,165per 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 $50,000 a year.
A standard mortgage calculator would have told you $665. The real number is $500 higher every month, 75% more than the payment most buyers budget for.
Compare Logan County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Russells Point from a five-year rolling sample, and with about 1,249 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 Logan 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.
Russells Point against Logan County and Ohio
| Measure | Russells Point | Logan County |
|---|---|---|
| Median home value | $122,200 | $186,200 |
| Median property tax | $1,453 | $1,947 |
| Effective tax rate | 1.189% | 1.046% |
| Median gross rent | $649 | $832 |
| Population | 1,249 | 46,140 |
The weather behind that power bill
Russells Point sits in Logan County, which averages a high of 82.6°F in its hottest month and a low of 17.6°F in its coldest, with 42.64" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 803 cooling and 6,027 heating degree days, which is what sets the $164 electricity line above.
See the full climate breakdown for Logan County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Logan County
Talk to someone who works this market
These are Russells Point 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 Russells Point every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Russells Point I already own here and may sell
Common questions
How much does it cost to own a home in Russells Point?
A $122,000 home in Russells Point, Ohio costs approximately $1,165 per month with 20% down at 7.24%. That is $665 principal and interest, $121 property tax, $45 homeowners insurance, $232 utilities and $102 set aside for maintenance.
What is the property tax rate in Russells Point?
Russells Point has an effective property tax rate of 1.189%, based on a median home value of $122,200 and median real estate taxes of $1,453. That is higher than the Logan County average of 1.046%.
What is the average home price in Russells Point?
The median owner-occupied home value in Russells Point, Ohio is $122,200, against $186,200 across Logan County.
Is it cheaper to rent or buy in Russells Point?
Median gross rent in Russells Point is $649 a month, against $1,165 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 Russells Point?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Russells Point, Ohio at today's rate takes a household income of roughly $50,000 a year. That covers the full $1,165 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Russells Point, 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.