Total monthly cost of ownership
Cost to Own a Home in Toronto, Ohio
A $103,000 home here costs
$983per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $530. The real number is $454 higher every month — 86% 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.
Toronto against Jefferson County and Ohio
| Measure | Toronto | Jefferson County |
|---|---|---|
| Median home value | $102,800 | $120,600 |
| Median property tax | $1,034 | $1,220 |
| Effective tax rate | 1.006% | 1.012% |
| Median gross rent | $673 | $792 |
| Population | 5,452 | 64,855 |
The weather behind that power bill
Toronto sits in Jefferson County, which averages a high of 82.9°F in its hottest month and a low of 19.2°F in its coldest, with 43.16" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 733 cooling and 5,828 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Jefferson County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Jefferson County
Common questions
How much does it cost to own a home in Toronto?
A $103,000 home in Toronto, Ohio costs approximately $983 per month with 20% down at 6.66%. That is $530 principal and interest, $86 property tax, $38 homeowners insurance, $243 utilities and $86 set aside for maintenance.
What is the property tax rate in Toronto?
Toronto has an effective property tax rate of 1.006%, based on a median home value of $102,800 and median real estate taxes of $1,034. That is in line with the Jefferson County average of 1.012%.
What is the average home price in Toronto?
The median owner-occupied home value in Toronto, Ohio is $102,800, against $120,600 across Jefferson County.
Is it cheaper to rent or buy in Toronto?
Median gross rent in Toronto is $673 a month, against $983 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 Toronto — 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.