Total monthly cost of ownership
Cost to Own a Home in Wadsworth, Ohio
A $236,000 home here costs
$1,981per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,213. The real number is $768 higher every month — 63% 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.
Wadsworth against Medina County and Ohio
| Measure | Wadsworth | Medina County |
|---|---|---|
| Median home value | $235,600 | $268,000 |
| Median property tax | $2,880 | $3,448 |
| Effective tax rate | 1.222% | 1.287% |
| Median gross rent | $1,024 | $1,090 |
| Population | 24,302 | 183,049 |
The weather behind that power bill
Wadsworth sits in Medina County, which averages a high of 81.6°F in its hottest month and a low of 16.8°F in its coldest, with 40.55" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 582 cooling and 6,526 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Medina County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Medina County
Common questions
How much does it cost to own a home in Wadsworth?
A $236,000 home in Wadsworth, Ohio costs approximately $1,981 per month with 20% down at 6.66%. That is $1,213 principal and interest, $240 property tax, $88 homeowners insurance, $243 utilities and $197 set aside for maintenance.
What is the property tax rate in Wadsworth?
Wadsworth has an effective property tax rate of 1.222%, based on a median home value of $235,600 and median real estate taxes of $2,880. That is lower than the Medina County average of 1.287%.
What is the average home price in Wadsworth?
The median owner-occupied home value in Wadsworth, Ohio is $235,600, against $268,000 across Medina County.
Is it cheaper to rent or buy in Wadsworth?
Median gross rent in Wadsworth is $1,024 a month, against $1,981 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 Wadsworth — 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.