How much do homeowners pay a month in Spencer Township (Medina County), OH?
Homeowners with a mortgage in Spencer Township (Medina County), OH pay a median of $1,780 (±$153) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $661 (±$78).
70.6% of owned homes carry a mortgage.
In Spencer Township (Medina County), the median monthly cost with a mortgage went from $1,313 in 2015–2019 to $1,780 in 2020–2024 (+35.6%).
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
- $1,780 (±$153)
- Without a mortgage
- $661 (±$78)
- Owned with a mortgage
- 70.6%
Monthly owner costs in Spencer Township (Medina County)
| Spencer Township (Medina County) | Medina County | Ohio | United States | |
|---|---|---|---|---|
| With a mortgage | $1,780 (±$153) | $1,726 (±$29) | $1,517 (±$5) | $1,963 |
| Without a mortgage | $661 (±$78) | $650 (±$15) | $588 (±$2) | $638 |
| Owned homes with a mortgage | 70.6% (±10.3 points) | 65.4% (±1.2 points) | 60.6% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $3,195 (±$302) | $3,560 (±$60) | $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 Spencer Township (Medina County), the median cost with a mortgage is not measurably different from Medina County ($1,726).
It is also higher than in Ohio ($1,517).
It is lower than the national figure ($1,963).
In Medina County, Spencer Township (Medina County) ranks 14 of 28 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 361 of 2,330.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Spencer Township (Medina County) have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $1,313 (±$194) | $1,780 (±$153) | +35.6% | No measurable change after inflation |
| Median real estate taxes | $2,202 (±$346) | $3,195 (±$302) | +45.1% | No measurable change after inflation |
| Median home value | $167,300 (±$18,144) | $277,100 (±$24,664) | +65.6% | 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 Spencer Township (Medina County)
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Spencer Township (Medina County) | — | $1,780 (±$153) | — |
| Spencer | 1.6 mi | $1,270 (±$123) | Lower |
| Penfield Township | 3.5 mi | $1,989 (±$182) | Not measurably different |
| Chatham Township | 4.2 mi | $1,540 (±$265) | Not measurably different |
| Litchfield Township | 5.4 mi | $1,951 (±$329) | Not measurably different |
| Homer Township (Medina County) | 5.9 mi | $2,149 (±$259) | Higher |
| Huntington Township (Lorain County) | 6.2 mi | $1,980 (±$322) | Not measurably different |
| Wellington | 7.0 mi | $1,472 (±$163) | Lower |
| Pheasant Run | 7.0 mi | $1,467 (±$245) | Lower |
Nearby places with a measurably lower figure: Spencer, OH ($1,270), Wellington, OH ($1,472), Pheasant Run, OH ($1,467).
Nearby places with a measurably higher figure: Homer Township (Medina County), OH ($2,149).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Medina County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 8 | Litchfield Township | $1,951 (±$329) |
| 9 | York Township (Medina County) | $1,946 (±$128) |
| 10 | Medina Township | $1,940 (±$127) |
| 11 | Guilford Township | $1,934 (±$208) |
| 12 | Brunswick Hills Township | $1,833 (±$89) |
| 13 | Westfield Township (Medina County) | $1,809 (±$277) |
| 14 | Spencer Township (Medina County) | $1,780 (±$153) |
| 15 | Sharon Center | $1,727 (±$568) |
| 16 | Wadsworth Township | $1,724 (±$450) |
| 17 | Lafayette Township (Medina County) | $1,708 (±$102) |
| 18 | Brunswick | $1,590 (±$45) |
| 19 | Medina | $1,543 (±$74) |
| 20 | Chatham Township | $1,540 (±$265) |
Showing 13 of 28 places in Medina 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 Spencer Township (Medina County)
What is the average mortgage payment in Spencer Township (Medina County)?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Spencer Township (Medina County), OH is $1,780 (±$153) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Spencer Township (Medina County)?
Owners without a mortgage in Spencer Township (Medina County) pay a median of $661 (±$78) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Spencer Township (Medina County) gone up?
In Spencer Township (Medina County), the median monthly cost with a mortgage went from $1,313 in 2015–2019 to $1,780 in 2020–2024 (+35.6%).
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 — Spencer township, Medina County, Ohio
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Spencer township, Medina County, Ohio
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Spencer township, Medina County, Ohio
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Spencer township, Medina County, Ohio
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Spencer township, Medina 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 Spencer township, Medina County, Ohio (county subdivision:73999, in state:39 county:103).
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 Spencer Township (Medina County) at a glance
- Income and affordability in Spencer Township (Medina County)
- Home values in Spencer Township (Medina County)
- Property taxes in Spencer Township (Medina County)
- Types of homes in Spencer Township (Medina County)
- Age of homes in Spencer Township (Medina County)
- Heating fuel in Spencer Township (Medina County)
- Commute and cars in Spencer Township (Medina County)
- Population growth in Spencer Township (Medina County)
- Fair Market Rent in Spencer Township (Medina County)
- Ohio landlord and tenant rules
- Housing across Medina County
- Housing data for every place in Ohio