Total monthly cost of ownership
Cost to Own a Home in Versailles, Ohio
A $193,000 home here costs
$1,658per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $71,000 a year.
A standard mortgage calculator would have told you $1,052. The real number is $606 higher every month, 58% more than the payment most buyers budget for.
Compare Darke County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Versailles from a five-year rolling sample, and with about 2,934 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Darke County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Versailles against Darke County and Ohio
| Measure | Versailles | Darke County |
|---|---|---|
| Median home value | $193,200 | $169,100 |
| Median property tax | $1,694 | $1,572 |
| Effective tax rate | 0.877% | 0.930% |
| Median gross rent | $762 | $747 |
| Population | 2,934 | 51,655 |
The weather behind that power bill
Versailles sits in Darke County, which averages a high of 84.6°F in its hottest month and a low of 19.0°F in its coldest, with 40.26" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 933 cooling and 5,672 heating degree days, which is what sets the $164 electricity line above.
See the full climate breakdown for Darke County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Darke County
Talk to someone who works this market
These are Versailles 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 Versailles every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Versailles I already own here and may sell
Common questions
How much does it cost to own a home in Versailles?
A $193,000 home in Versailles, Ohio costs approximately $1,658 per month with 20% down at 7.24%. That is $1,052 principal and interest, $141 property tax, $72 homeowners insurance, $232 utilities and $161 set aside for maintenance.
What is the property tax rate in Versailles?
Versailles has an effective property tax rate of 0.877%, based on a median home value of $193,200 and median real estate taxes of $1,694. That is lower than the Darke County average of 0.930%.
What is the average home price in Versailles?
The median owner-occupied home value in Versailles, Ohio is $193,200, against $169,100 across Darke County.
Is it cheaper to rent or buy in Versailles?
Median gross rent in Versailles is $762 a month, against $1,658 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 Versailles?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Versailles, Ohio at today's rate takes a household income of roughly $71,000 a year. That covers the full $1,658 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Versailles, 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.