Mortgage payment estimates, closing cost breakdowns, and homebuying data for Ashtabula, Ohio.
Median Home Price
$115K
Population
18K
Avg Monthly Rent
$720
Property Tax Rate
1.56% *
* Property tax shown is the Ohio state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Ashtabula.
Ashtabula vs Ohio Median
The median home price in Ashtabula is $115,000, which is 47% below the Ohio state median of $215,000.
Mortgage Calculator — Ashtabula, OH
Pre-filled with Ashtabula median home price and Ohio tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $115K home using Ohio's 1.56% tax rate and $1,400/yr insurance.
5% Down
$1,020/mo
Down: $5,750
Loan: $109K
P&I: $691
Tax: $150
Insurance: $117
PMI: $64
10% Down
$981/mo
Down: $11,500
Loan: $104K
P&I: $654
Tax: $150
Insurance: $117
PMI: $60
20% Down (No PMI)
$848/mo
Down: $23,000
Loan: $92K
P&I: $582
Tax: $150
Insurance: $117
Income needed (28% rule): $36K/year with 20% down, $42K/year with 10% down.
Rent vs Buy in Ashtabula
Rent
$720/mo
vs
Buy (10% down)
$981/mo
Price-to-rent ratio: 13.3 — With a ratio under 15, buying in Ashtabula is likely more cost-effective than renting if you plan to stay 3+ years. The monthly cost of buying is $261 more than renting, but you build equity with every payment.
The median home price in Ashtabula is $115,000, 47% below the Ohio state median of $215,000. With a population of 18,158, Ashtabula is a smaller market where home prices tend to be more accessible than in many parts of Ohio.
Property taxes in Ohio average 1.56% annually. This higher-than-average tax rate means a $115,000 home in Ashtabula would carry roughly $150/month in property taxes alone — plan accordingly. Homeowners insurance in Ohio runs approximately $1,400 per year. This is within the normal range nationally.
Average rent in Ashtabula is $720/month. With a price-to-rent ratio under 15, buying may be more cost-effective than renting in Ashtabula over the long term.
Ashtabula offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Ohio's OHFA Your Choice! Down Payment Assistance program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Ashtabula.