How much do homeowners pay a month in Penfield Township, OH?
Homeowners with a mortgage in Penfield Township, OH pay a median of $1,989 (±$182) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $720 (±$211).
66.6% of owned homes carry a mortgage.
In Penfield Township, the median monthly cost with a mortgage went from $1,780 in 2015–2019 to $1,989 in 2020–2024 (+11.7%).
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
- $1,989 (±$182)
- Without a mortgage
- $720 (±$211)
- Owned with a mortgage
- 66.6%
Monthly owner costs in Penfield Township
| Penfield Township | Lorain County | Ohio | United States | |
|---|---|---|---|---|
| With a mortgage | $1,989 (±$182) | $1,525 (±$26) | $1,517 (±$5) | $1,963 |
| Without a mortgage | $720 (±$211) | $629 (±$15) | $588 (±$2) | $638 |
| Owned homes with a mortgage | 66.6% (±13.7 points) | 62.2% (±1.0 points) | 60.6% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $3,955 (±$666) | $3,055 (±$66) | $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 Penfield Township, the median cost with a mortgage is higher than in Lorain County ($1,525).
It is also higher than in Ohio ($1,517).
It is not measurably different from the national figure ($1,963).
In Lorain County, Penfield Township ranks 3 of 35 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 192 of 2,330.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Penfield Township have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $1,780 (±$202) | $1,989 (±$182) | +11.7% | No measurable change after inflation |
| Median real estate taxes | $3,613 (±$344) | $3,955 (±$666) | +9.5% | No measurable change after inflation |
| Median home value | $220,400 (±$33,156) | $333,800 (±$31,682) | +51.5% | 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 Penfield Township
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Penfield Township | — | $1,989 (±$182) | — |
| Pheasant Run | 3.5 mi | $1,467 (±$245) | Lower |
| Spencer Township (Medina County) | 3.5 mi | $1,780 (±$153) | Not measurably different |
| Spencer | 4.7 mi | $1,270 (±$123) | Lower |
| Litchfield Township | 4.8 mi | $1,951 (±$329) | Not measurably different |
| LaGrange Township | 5.0 mi | $1,731 (±$137) | Lower |
| LaGrange | 5.2 mi | $1,938 (±$296) | Not measurably different |
| Wellington Township | 5.3 mi | $1,540 (±$143) | Lower |
| Wellington | 5.7 mi | $1,472 (±$163) | Lower |
Nearby places with a measurably lower figure: Pheasant Run, OH ($1,467), Spencer, OH ($1,270), LaGrange Township, OH ($1,731).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Lorain County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 1 | Avon | $2,471 (±$131) |
| 2 | Columbia Township (Lorain County) | $2,039 (±$226) |
| 3 | Penfield Township | $1,989 (±$182) |
| 4 (tie) | Sheffield | $1,980 (±$205) |
| 4 (tie) | Huntington Township (Lorain County) | $1,980 (±$322) |
| 6 | Camden Township | $1,958 (±$381) |
| 7 | Avon Lake | $1,949 (±$115) |
| 8 | LaGrange | $1,938 (±$296) |
| 9 | Grafton Township | $1,873 (±$224) |
Showing 9 of 35 places in Lorain 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 Penfield Township
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Penfield Township beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Penfield Township, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Penfield Township, and send estimates and invoices from your phone.
Questions about Penfield Township
What is the average mortgage payment in Penfield Township?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Penfield Township, OH is $1,989 (±$182) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Penfield Township?
Owners without a mortgage in Penfield Township pay a median of $720 (±$211) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Penfield Township gone up?
In Penfield Township, the median monthly cost with a mortgage went from $1,780 in 2015–2019 to $1,989 in 2020–2024 (+11.7%).
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 — Penfield township, Lorain County, Ohio
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Penfield township, Lorain County, Ohio
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Penfield township, Lorain County, Ohio
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Penfield township, Lorain County, Ohio
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Penfield township, Lorain 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 Penfield township, Lorain County, Ohio (county subdivision:61532, in state:39 county:093).
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 Penfield Township at a glance
- Income and affordability in Penfield Township
- Home values in Penfield Township
- Property taxes in Penfield Township
- Types of homes in Penfield Township
- Age of homes in Penfield Township
- Heating fuel in Penfield Township
- Commute and cars in Penfield Township
- Population growth in Penfield Township
- Ohio landlord and tenant rules
- Housing across Lorain County
- Housing data for every place in Ohio