Total monthly cost of ownership
Cost to Own a Home in South Euclid, Ohio
A $135,000 home here costs
$1,431per 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 $61,500 a year.
A standard mortgage calculator would have told you $736. The real number is $695 higher every month, 94% more than the payment most buyers budget for.
Compare Cuyahoga 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.
South Euclid against Cuyahoga County and Ohio
| Measure | South Euclid | Cuyahoga County |
|---|---|---|
| Median home value | $134,800 | $183,200 |
| Median property tax | $3,601 | $3,819 |
| Effective tax rate | 2.671% | 2.085% |
| Median gross rent | $1,298 | $1,005 |
| Population | 21,606 | 1,249,418 |
The weather behind that power bill
South Euclid sits in Cuyahoga County, which averages a high of 80.7°F in its hottest month and a low of 23.5°F in its coldest, with 33.34" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 925 cooling and 5,513 heating degree days, which is what sets the $164 electricity line above.
See the full climate breakdown for Cuyahoga County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Cuyahoga County
Talk to someone who works this market
These are South Euclid 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 South Euclid every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in South Euclid I already own here and may sell
Common questions
How much does it cost to own a home in South Euclid?
A $135,000 home in South Euclid, Ohio costs approximately $1,431 per month with 20% down at 7.24%. That is $736 principal and interest, $300 property tax, $50 homeowners insurance, $232 utilities and $113 set aside for maintenance.
What is the property tax rate in South Euclid?
South Euclid has an effective property tax rate of 2.671%, based on a median home value of $134,800 and median real estate taxes of $3,601. That is higher than the Cuyahoga County average of 2.085%.
What is the average home price in South Euclid?
The median owner-occupied home value in South Euclid, Ohio is $134,800, against $183,200 across Cuyahoga County.
Is it cheaper to rent or buy in South Euclid?
Median gross rent in South Euclid is $1,298 a month, against $1,431 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 South Euclid?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in South Euclid, Ohio at today's rate takes a household income of roughly $61,500 a year. That covers the full $1,431 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for South Euclid, 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.