Total monthly cost of ownership
Cost to Own a Home in Wellston, Ohio
A $108,000 home here costs
$1,050per 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 $45,000 a year.
A standard mortgage calculator would have told you $589. The real number is $462 higher every month, 78% more than the payment most buyers budget for.
Compare Jackson 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.
Wellston against Jackson County and Ohio
| Measure | Wellston | Jackson County |
|---|---|---|
| Median home value | $107,900 | $140,400 |
| Median property tax | $1,192 | $1,339 |
| Effective tax rate | 1.105% | 0.954% |
| Median gross rent | $749 | $773 |
| Population | 5,426 | 32,588 |
The weather behind that power bill
Wellston sits in Jackson County, which averages a high of 81.7°F in its hottest month and a low of 20.8°F in its coldest, with 45.06" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 676 cooling and 5,565 heating degree days, which is what sets the $164 electricity line above.
See the full climate breakdown for Jackson County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Jackson County
Talk to someone who works this market
These are Wellston 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 Wellston every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Wellston I already own here and may sell
Common questions
How much does it cost to own a home in Wellston?
A $108,000 home in Wellston, Ohio costs approximately $1,050 per month with 20% down at 7.24%. That is $589 principal and interest, $99 property tax, $40 homeowners insurance, $232 utilities and $90 set aside for maintenance.
What is the property tax rate in Wellston?
Wellston has an effective property tax rate of 1.105%, based on a median home value of $107,900 and median real estate taxes of $1,192. That is higher than the Jackson County average of 0.954%.
What is the average home price in Wellston?
The median owner-occupied home value in Wellston, Ohio is $107,900, against $140,400 across Jackson County.
Is it cheaper to rent or buy in Wellston?
Median gross rent in Wellston is $749 a month, against $1,050 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 Wellston?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Wellston, Ohio at today's rate takes a household income of roughly $45,000 a year. That covers the full $1,050 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Wellston, 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.