Total monthly cost of ownership
Cost to Own a Home in Waverly, Ohio
A $149,000 home here costs
$1,337per 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 $57,500 a year.
A standard mortgage calculator would have told you $812. The real number is $525 higher every month, 65% more than the payment most buyers budget for.
Compare Pike County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Waverly from a five-year rolling sample, and with about 4,153 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 Pike 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.
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 $164 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
Talk to someone who works this market
These are Waverly 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 Waverly every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Waverly I already own here and may sell
Common questions
How much does it cost to own a home in Waverly?
A $149,000 home in Waverly, Ohio costs approximately $1,337 per month with 20% down at 7.24%. That is $812 principal and interest, $113 property tax, $55 homeowners insurance, $232 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 $1,337 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 Waverly?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Waverly, Ohio at today's rate takes a household income of roughly $57,500 a year. That covers the full $1,337 monthly cost, not just the mortgage payment.
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.