Total monthly cost of ownership
Cost to Own a Home in Stow, Ohio
A $238,000 home here costs
$2,061per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,224. The real number is $838 higher every month — 68% 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.
Stow against Summit County and Ohio
| Measure | Stow | Summit County |
|---|---|---|
| Median home value | $238,000 | $195,700 |
| Median property tax | $3,688 | $3,018 |
| Effective tax rate | 1.550% | 1.542% |
| Median gross rent | $1,204 | $998 |
| Population | 34,317 | 538,087 |
The weather behind that power bill
Stow sits in Summit County, which averages a high of 85.1°F in its hottest month and a low of 21.0°F in its coldest, with 32.51" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 934 cooling and 5,538 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Summit County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Summit County
Common questions
How much does it cost to own a home in Stow?
A $238,000 home in Stow, Ohio costs approximately $2,061 per month with 20% down at 6.66%. That is $1,224 principal and interest, $307 property tax, $88 homeowners insurance, $243 utilities and $198 set aside for maintenance.
What is the property tax rate in Stow?
Stow has an effective property tax rate of 1.550%, based on a median home value of $238,000 and median real estate taxes of $3,688. That is in line with the Summit County average of 1.542%.
What is the average home price in Stow?
The median owner-occupied home value in Stow, Ohio is $238,000, against $195,700 across Summit County.
Is it cheaper to rent or buy in Stow?
Median gross rent in Stow is $1,204 a month, against $2,061 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 Stow — 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.