Total monthly cost of ownership
Cost to Own a Home in South Bloomfield, Ohio
A $205,000 home here costs
$1,697per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,054. The real number is $644 higher every month — 61% 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.
South Bloomfield against Pickaway County and Ohio
| Measure | South Bloomfield | Pickaway County |
|---|---|---|
| Median home value | $205,200 | $235,700 |
| Median property tax | $1,839 | $2,438 |
| Effective tax rate | 0.896% | 1.034% |
| Median gross rent | $1,263 | $965 |
| Population | 2,808 | 59,407 |
The weather behind that power bill
South Bloomfield sits in Pickaway County, which averages a high of 85.8°F in its hottest month and a low of 23.0°F in its coldest, with 40.94" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 1,129 cooling and 5,003 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Pickaway County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pickaway County
Common questions
How much does it cost to own a home in South Bloomfield?
A $205,000 home in South Bloomfield, Ohio costs approximately $1,697 per month with 20% down at 6.66%. That is $1,054 principal and interest, $153 property tax, $76 homeowners insurance, $243 utilities and $171 set aside for maintenance.
What is the property tax rate in South Bloomfield?
South Bloomfield has an effective property tax rate of 0.896%, based on a median home value of $205,200 and median real estate taxes of $1,839. That is lower than the Pickaway County average of 1.034%.
What is the average home price in South Bloomfield?
The median owner-occupied home value in South Bloomfield, Ohio is $205,200, against $235,700 across Pickaway County.
Is it cheaper to rent or buy in South Bloomfield?
Median gross rent in South Bloomfield is $1,263 a month, against $1,697 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 South Bloomfield — 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.