How much do homeowners pay a month in Fayette Township, OH?
Homeowners with a mortgage in Fayette Township, OH pay a median of $1,294 (±$93) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $508 (±$36).
45.2% of owned homes carry a mortgage.
In Fayette Township, the median monthly cost with a mortgage went from $1,004 in 2015–2019 to $1,294 in 2020–2024 (+28.9%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- With a mortgage
- $1,294 (±$93)
- Without a mortgage
- $508 (±$36)
- Owned with a mortgage
- 45.2%
Monthly owner costs in Fayette Township
| Fayette Township | Lawrence County | Ohio | United States | |
|---|---|---|---|---|
| With a mortgage | $1,294 (±$93) | $1,239 (±$49) | $1,517 (±$5) | $1,963 |
| Without a mortgage | $508 (±$36) | $509 (±$23) | $588 (±$2) | $638 |
| Owned homes with a mortgage | 45.2% (±8.1 points) | 44.6% (±2.7 points) | 60.6% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $1,428 (±$168) | $1,215 (±$67) | $2,822 (±$10) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In Fayette Township, the median cost with a mortgage is not measurably different from Lawrence County ($1,239).
It is also lower than in Ohio ($1,517).
It is lower than the national figure ($1,963).
In Lawrence County, Fayette Township ranks 8 of 22 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 1308 of 2,330.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Fayette Township have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $1,004 (±$85) | $1,294 (±$93) | +28.9% | No measurable change after inflation |
| Median real estate taxes | $1,141 (±$157) | $1,428 (±$168) | +25.2% | No measurable change after inflation |
| Median home value | $122,500 (±$17,000) | $152,400 (±$24,451) | +24.4% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median monthly cost with a mortgage in places near Fayette Township
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Fayette Township | — | $1,294 (±$93) | — |
| Burlington | 2.5 mi | $1,167 (±$146) | Not measurably different |
| South Point | 3.2 mi | $1,377 (±$54) | Not measurably different |
| Ceredo | 3.7 mi | $1,127 (±$211) | Not measurably different |
| Kenova | 4.2 mi | $1,141 (±$116) | Lower |
| Chesapeake | 4.3 mi | $1,093 (±$219) | Not measurably different |
| Perry Township (Lawrence County) | 4.4 mi | $1,053 (±$293) | Not measurably different |
| Catlettsburg | 4.4 mi | $947 (±$145) | Lower |
| Union Township (Lawrence County) | 5.4 mi | $1,265 (±$141) | Not measurably different |
Nearby places with a measurably lower figure: Kenova, WV ($1,141), Catlettsburg, KY ($947).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Lawrence County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 2 | Elizabeth Township (Lawrence County) | $1,495 (±$461) |
| 3 | Washington Township (Lawrence County) | $1,473 (±$205) |
| 4 | Lawrence Township (Lawrence County) | $1,405 (±$98) |
| 5 | Rome Township (Lawrence County) | $1,390 (±$177) |
| 6 | South Point | $1,377 (±$54) |
| 7 | Mason Township | $1,338 (±$508) |
| 8 | Fayette Township | $1,294 (±$93) |
| 9 | Hanging Rock | $1,292 (±$684) |
| 10 | Windsor Township (Lawrence County) | $1,289 (±$167) |
| 11 | Union Township (Lawrence County) | $1,265 (±$141) |
| 12 | Decatur Township (Lawrence County) | $1,223 (±$240) |
| 13 | Burlington | $1,167 (±$146) |
| 14 | Upper Township | $1,121 (±$64) |
Showing 13 of 22 places in Lawrence County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Fayette Township
What is the average mortgage payment in Fayette Township?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Fayette Township, OH is $1,294 (±$93) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Fayette Township?
Owners without a mortgage in Fayette Township pay a median of $508 (±$36) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Fayette Township gone up?
In Fayette Township, the median monthly cost with a mortgage went from $1,004 in 2015–2019 to $1,294 in 2020–2024 (+28.9%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Fayette township, Lawrence County, Ohio
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Fayette township, Lawrence County, Ohio
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Fayette township, Lawrence County, Ohio
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Fayette township, Lawrence County, Ohio
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Fayette township, Lawrence County, Ohio
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Fayette township, Lawrence County, Ohio (county subdivision:26782, in state:39 county:087).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Rent burden in Fayette Township
- Renters and owners in Fayette Township
- Income and affordability in Fayette Township
- Home values in Fayette Township
- Property taxes in Fayette Township
- Types of homes in Fayette Township
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- Age of homes in Fayette Township
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- Commute and cars in Fayette Township
- Population growth in Fayette Township
- How long people stay in Fayette Township
- Crowding and facilities in Fayette Township
- Ohio landlord and tenant rules
- Housing across Lawrence County
- Housing data for every place in Ohio