Total monthly cost of ownership
Cost to Own a Home in Trotwood, Ohio
A $100,000 home here costs
$1,055per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $45,000 a year.
A standard mortgage calculator would have told you $554. The real number is $501 higher every month, 91% more than the payment most buyers budget for.
Compare Montgomery County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Trotwood against Montgomery County and Ohio
| Measure | Trotwood | Montgomery County |
|---|---|---|
| Median home value | $99,500 | $167,400 |
| Median property tax | $1,770 | $2,975 |
| Effective tax rate | 1.779% | 1.777% |
| Median gross rent | $974 | $968 |
| Population | 23,041 | 535,528 |
The weather behind that power bill
Trotwood sits in Montgomery County, which averages a high of 86.7°F in its hottest month and a low of 20.1°F in its coldest, with 41.65" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 1,191 cooling and 5,432 heating degree days, which is what sets the $165 electricity line above.
See the full climate breakdown for Montgomery County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Montgomery County
Full Montgomery County cost breakdown · Every county in Ohio
Talk to someone who works this market
These are Trotwood 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 Trotwood every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Trotwood I already own here and may sell
Common questions
How much does it cost to own a home in Trotwood?
A $100,000 home in Trotwood, Ohio costs approximately $1,055 per month with 20% down at 7.4%. That is $554 principal and interest, $148 property tax, $37 homeowners insurance, $233 utilities and $83 set aside for maintenance.
What is the property tax rate in Trotwood?
Trotwood has an effective property tax rate of 1.779%, based on a median home value of $99,500 and median real estate taxes of $1,770. That is in line with the Montgomery County average of 1.777%.
What is the average home price in Trotwood?
The median owner-occupied home value in Trotwood, Ohio is $99,500, against $167,400 across Montgomery County.
Is it cheaper to rent or buy in Trotwood?
Median gross rent in Trotwood is $974 a month, against $1,055 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 Trotwood?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Trotwood, Ohio at today's rate takes a household income of roughly $45,000 a year. That covers the full $1,055 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Trotwood, 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.