Total monthly cost of ownership
Cost to Own a Home in South Russell, Ohio
A $415,000 home here costs
$3,682per 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 $158,000 a year.
A standard mortgage calculator would have told you $2,263. The real number is $1,420 higher every month, 63% more than the payment most buyers budget for.
Compare Geauga County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for South Russell from a five-year rolling sample, and with about 3,972 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 Geauga 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.
South Russell against Geauga County and Ohio
| Measure | South Russell | Geauga County |
|---|---|---|
| Median home value | $414,700 | $305,100 |
| Median property tax | $8,244 | $4,533 |
| Effective tax rate | 1.988% | 1.486% |
| Median gross rent | $2,176 | $1,018 |
| Population | 3,972 | 95,479 |
The weather behind that power bill
South Russell sits in Geauga County, which averages a high of 81.0°F in its hottest month and a low of 16.5°F in its coldest, with 50.71" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 513 cooling and 6,677 heating degree days, which is what sets the $164 electricity line above.
See the full climate breakdown for Geauga County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Geauga County
Talk to someone who works this market
These are South Russell 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 Russell every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in South Russell I already own here and may sell
Common questions
How much does it cost to own a home in South Russell?
A $415,000 home in South Russell, Ohio costs approximately $3,682 per month with 20% down at 7.24%. That is $2,263 principal and interest, $688 property tax, $154 homeowners insurance, $232 utilities and $346 set aside for maintenance.
What is the property tax rate in South Russell?
South Russell has an effective property tax rate of 1.988%, based on a median home value of $414,700 and median real estate taxes of $8,244. That is higher than the Geauga County average of 1.486%.
What is the average home price in South Russell?
The median owner-occupied home value in South Russell, Ohio is $414,700, against $305,100 across Geauga County.
Is it cheaper to rent or buy in South Russell?
Median gross rent in South Russell is $2,176 a month, against $3,682 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 Russell?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in South Russell, Ohio at today's rate takes a household income of roughly $158,000 a year. That covers the full $3,682 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for South Russell, 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.