Total monthly cost of ownership
Cost to Own a Home in Wooster, Ohio
A $198,000 home here costs
$1,711per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,018. The real number is $693 higher every month — 68% 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.
Wooster against Wayne County and Ohio
| Measure | Wooster | Wayne County |
|---|---|---|
| Median home value | $198,400 | $204,600 |
| Median property tax | $2,536 | $2,457 |
| Effective tax rate | 1.278% | 1.201% |
| Median gross rent | $882 | $849 |
| Population | 27,012 | 116,618 |
The weather behind that power bill
Wooster sits in Wayne County, which averages a high of 82.4°F in its hottest month and a low of 18.0°F in its coldest, with 36.86" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 591 cooling and 6,193 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Wayne County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Wayne County
Common questions
How much does it cost to own a home in Wooster?
A $198,000 home in Wooster, Ohio costs approximately $1,711 per month with 20% down at 6.66%. That is $1,018 principal and interest, $211 property tax, $74 homeowners insurance, $243 utilities and $165 set aside for maintenance.
What is the property tax rate in Wooster?
Wooster has an effective property tax rate of 1.278%, based on a median home value of $198,400 and median real estate taxes of $2,536. That is higher than the Wayne County average of 1.201%.
What is the average home price in Wooster?
The median owner-occupied home value in Wooster, Ohio is $198,400, against $204,600 across Wayne County.
Is it cheaper to rent or buy in Wooster?
Median gross rent in Wooster is $882 a month, against $1,711 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 Wooster — 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.