How much do homeowners pay a month in London, OH?
Homeowners with a mortgage in London, OH pay a median of $1,364 (±$166) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $485 (±$70).
77.1% of owned homes carry a mortgage.
In London, the median monthly cost with a mortgage went from $1,183 in 2015–2019 to $1,364 in 2020–2024 (+15.3%).
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
- $1,364 (±$166)
- Without a mortgage
- $485 (±$70)
- Owned with a mortgage
- 77.1%
Monthly owner costs in London
| London | Madison County | Ohio | United States | |
|---|---|---|---|---|
| With a mortgage | $1,364 (±$166) | $1,582 (±$68) | $1,517 (±$5) | $1,963 |
| Without a mortgage | $485 (±$70) | $618 (±$26) | $588 (±$2) | $638 |
| Owned homes with a mortgage | 77.1% (±6.8 points) | 67.3% (±2.7 points) | 60.6% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $1,678 (±$125) | $2,541 (±$164) | $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 London, the median cost with a mortgage is lower than in Madison County ($1,582).
It is not measurably different from Ohio ($1,517).
It is lower than the national figure ($1,963).
In Madison County, London ranks 18 of 21 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 1080 of 2,330.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in London have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $1,183 (±$74) | $1,364 (±$166) | +15.3% | No measurable change after inflation |
| Median real estate taxes | $1,500 (±$121) | $1,678 (±$125) | +11.9% | No measurable change after inflation |
| Median home value | $135,200 (±$6,401) | $201,000 (±$16,090) | +48.7% | Up 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 London
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| London | — | $1,364 (±$166) | — |
| Union Township (Madison County) | 1.7 mi | $1,718 (±$251) | Higher |
| Deer Creek Township | 4.0 mi | $2,043 (±$277) | Higher |
| Choctaw Lake | 5.3 mi | $1,838 (±$389) | Higher |
| Somerford Township | 6.4 mi | $1,936 (±$217) | Higher |
| Paint Township (Madison County) | 6.6 mi | $1,603 (±$216) | Not measurably different |
| Oak Run Township | 6.9 mi | $1,681 (±$1,529) | Not measurably different |
| West Jefferson | 7.9 mi | $1,385 (±$63) | Not measurably different |
| Fairfield Township (Madison County) | 8.0 mi | $1,973 (±$588) | Not measurably different |
Nearby places with a measurably higher figure: Union Township (Madison County), OH ($1,718), Deer Creek Township, OH ($2,043), Choctaw Lake, OH ($1,838).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Madison County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 12 | Mount Sterling | $1,506 (±$190) |
| 13 | Monroe Township (Madison County) | $1,486 (±$1,049) |
| 14 | Jefferson Township (Madison County) | $1,476 (±$85) |
| 15 | Pleasant Township (Madison County) | $1,386 (±$164) |
| 16 | West Jefferson | $1,385 (±$63) |
| 17 | Range Township | $1,375 (±$708) |
| 18 | London | $1,364 (±$166) |
| 19 | Stokes Township (Madison County) | $1,285 (±$239) |
| 20 | South Solon | $1,154 (±$297) |
| 21 | Midway | $980 (±$282) |
Showing 10 of 21 places in Madison 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.
What you can do on Seayora in London
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Questions about London
What is the average mortgage payment in London?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in London, OH is $1,364 (±$166) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in London?
Owners without a mortgage in London pay a median of $485 (±$70) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in London gone up?
In London, the median monthly cost with a mortgage went from $1,183 in 2015–2019 to $1,364 in 2020–2024 (+15.3%).
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 — London city, Ohio
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — London city, Ohio
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — London city, Ohio
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — London city, Ohio
- Median Value (B25077), 2015–2019 ACS 5-year estimates — London city, 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 London city, Ohio (place:44674, in state:39).
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
- Housing in London at a glance
- Median rent in London
- Rent by bedrooms in London
- Rent burden in London
- Renters and owners in London
- Income and affordability in London
- Home values in London
- Property taxes in London
- Types of homes in London
- Bedrooms in London
- Age of homes in London
- Vacancy rate in London
- Heating fuel in London
- Commute and cars in London
- Crime reported to police in London
- Population growth in London
- How long people stay in London
- Crowding and facilities in London
- Ohio landlord and tenant rules
- Housing across Madison County
- Housing data for every place in Ohio