Total monthly cost of ownership
Cost to Own a Home in Wadsworth, Ohio
A $236,000 home here costs
$2,043per 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 $87,500 a year.
A standard mortgage calculator would have told you $1,287. The real number is $757 higher every month, 59% more than the payment most buyers budget for.
Compare Medina 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.
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 $164 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
Talk to someone who works this market
These are Wadsworth 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 Wadsworth every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Wadsworth I already own here and may sell
Common questions
How much does it cost to own a home in Wadsworth?
A $236,000 home in Wadsworth, Ohio costs approximately $2,043 per month with 20% down at 7.24%. That is $1,287 principal and interest, $240 property tax, $88 homeowners insurance, $232 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 $2,043 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 Wadsworth?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Wadsworth, Ohio at today's rate takes a household income of roughly $87,500 a year. That covers the full $2,043 monthly cost, not just the mortgage payment.
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.