Total monthly cost of ownership
Cost to Own a Home in Waverly, Ohio
A $149,000 home here costs
$1,302per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $766. The real number is $536 higher every month — 70% 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.
Waverly against Pike County and Ohio
| Measure | Waverly | Pike County |
|---|---|---|
| Median home value | $149,400 | $148,500 |
| Median property tax | $1,361 | $1,269 |
| Effective tax rate | 0.911% | 0.855% |
| Median gross rent | $939 | $833 |
| Population | 4,153 | 27,080 |
The weather behind that power bill
Waverly sits in Pike County, which averages a high of 86.3°F in its hottest month and a low of 21.7°F in its coldest, with 43.56" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,080 cooling and 5,089 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Pike County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pike County
Common questions
How much does it cost to own a home in Waverly?
A $149,000 home in Waverly, Ohio costs approximately $1,302 per month with 20% down at 6.66%. That is $766 principal and interest, $113 property tax, $55 homeowners insurance, $243 utilities and $124 set aside for maintenance.
What is the property tax rate in Waverly?
Waverly has an effective property tax rate of 0.911%, based on a median home value of $149,400 and median real estate taxes of $1,361. That is higher than the Pike County average of 0.855%.
What is the average home price in Waverly?
The median owner-occupied home value in Waverly, Ohio is $149,400, against $148,500 across Pike County.
Is it cheaper to rent or buy in Waverly?
Median gross rent in Waverly is $939 a month, against $1,302 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 Waverly — 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.