Total monthly cost of ownership
Cost to Own a Home in Van Wert, Ohio
A $110,000 home here costs
$1,044per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $566. The real number is $478 higher every month — 85% 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.
Van Wert against Van Wert County and Ohio
| Measure | Van Wert | Van Wert County |
|---|---|---|
| Median home value | $109,700 | $137,300 |
| Median property tax | $1,223 | $1,327 |
| Effective tax rate | 1.115% | 0.966% |
| Median gross rent | $739 | $792 |
| Population | 10,710 | 28,824 |
The weather behind that power bill
Van Wert sits in Van Wert County, which averages a high of 84.5°F in its hottest month and a low of 18.2°F in its coldest, with 40.36" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 937 cooling and 5,995 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Van Wert County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Van Wert County
Common questions
How much does it cost to own a home in Van Wert?
A $110,000 home in Van Wert, Ohio costs approximately $1,044 per month with 20% down at 6.66%. That is $566 principal and interest, $102 property tax, $41 homeowners insurance, $243 utilities and $92 set aside for maintenance.
What is the property tax rate in Van Wert?
Van Wert has an effective property tax rate of 1.115%, based on a median home value of $109,700 and median real estate taxes of $1,223. That is higher than the Van Wert County average of 0.966%.
What is the average home price in Van Wert?
The median owner-occupied home value in Van Wert, Ohio is $109,700, against $137,300 across Van Wert County.
Is it cheaper to rent or buy in Van Wert?
Median gross rent in Van Wert is $739 a month, against $1,044 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 Van Wert — 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.