Total monthly cost of ownership
Cost to Own a Home in Sylvania, Ohio
A $234,000 home here costs
$2,123per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,203. The real number is $920 higher every month — 76% 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.
Sylvania against Lucas County and Ohio
| Measure | Sylvania | Lucas County |
|---|---|---|
| Median home value | $233,700 | $155,200 |
| Median property tax | $4,727 | $2,710 |
| Effective tax rate | 2.023% | 1.746% |
| Median gross rent | $1,019 | $911 |
| Population | 19,038 | 428,748 |
The weather behind that power bill
Sylvania sits in Lucas County, which averages a high of 84.6°F in its hottest month and a low of 20.1°F in its coldest, with 32.36" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 930 cooling and 5,839 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Lucas County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lucas County
Common questions
How much does it cost to own a home in Sylvania?
A $234,000 home in Sylvania, Ohio costs approximately $2,123 per month with 20% down at 6.66%. That is $1,203 principal and interest, $394 property tax, $87 homeowners insurance, $243 utilities and $195 set aside for maintenance.
What is the property tax rate in Sylvania?
Sylvania has an effective property tax rate of 2.023%, based on a median home value of $233,700 and median real estate taxes of $4,727. That is higher than the Lucas County average of 1.746%.
What is the average home price in Sylvania?
The median owner-occupied home value in Sylvania, Ohio is $233,700, against $155,200 across Lucas County.
Is it cheaper to rent or buy in Sylvania?
Median gross rent in Sylvania is $1,019 a month, against $2,123 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 Sylvania — 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.