Total monthly cost of ownership
Cost to Own a Home in South Point, Ohio
A $175,000 home here costs
$1,485per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $900. The real number is $585 higher every month — 65% 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 Point against Lawrence County and Ohio
| Measure | South Point | Lawrence County |
|---|---|---|
| Median home value | $175,200 | $135,600 |
| Median property tax | $1,573 | $1,193 |
| Effective tax rate | 0.898% | 0.880% |
| Median gross rent | $807 | $830 |
| Population | 3,228 | 57,385 |
The weather behind that power bill
South Point sits in Lawrence County, which averages a high of 86.1°F in its hottest month and a low of 20.3°F in its coldest, with 45.69" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 873 cooling and 5,275 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Lawrence County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lawrence County
Common questions
How much does it cost to own a home in South Point?
A $175,000 home in South Point, Ohio costs approximately $1,485 per month with 20% down at 6.66%. That is $900 principal and interest, $131 property tax, $65 homeowners insurance, $243 utilities and $146 set aside for maintenance.
What is the property tax rate in South Point?
South Point has an effective property tax rate of 0.898%, based on a median home value of $175,200 and median real estate taxes of $1,573. That is higher than the Lawrence County average of 0.880%.
What is the average home price in South Point?
The median owner-occupied home value in South Point, Ohio is $175,200, against $135,600 across Lawrence County.
Is it cheaper to rent or buy in South Point?
Median gross rent in South Point is $807 a month, against $1,485 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 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.