The typical owner-occupied home in Middletown is worth about $164,400, 23% below the Ohio median of $214,800 and 51% below the national median of $332,700. Owners pay a median $2,052 a year in property taxes, about 1.25% of their home's value, close to the Ohio rate of 1.31%. The median household earns $57,102 a year, so the median home costs 2.9 times the median income (3.0 times for Ohio). 54% of occupied homes here are lived in by their owners, and 58% of those owners still have a mortgage.
Middletown at a glance
| Middletown | Ohio | U.S. | |
|---|---|---|---|
| Median home value | $164,400 | $214,800 | $332,700 |
| Median property tax paid per year | $2,052 | $2,822 | $3,119 |
| Property tax as a share of value | 1.25% | 1.31% | 0.94% |
| Median household income | $57,102 | $71,389 | $80,734 |
| Homes lived in by their owners | 54% | 67% | 65% |
| Owner homes with a mortgage | 58% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,358 | $1,517 | $1,963 |
| Those costs as a share of the owners' income | 18.7% | 18.6% | 21.0% |
| Median rent | $1,007 | $1,034 | $1,413 |
| Rent as a share of renters' income | 31.1% | 28.3% | 30.6% |
| Median year homes were built | 1965 | 1970 | 1980 |
| Vacant homes | 7.0% | 8.1% | 10.1% |
| Population | 51,617 | 11,810,293 | 334,922,499 |
What a typical home costs per month in Middletown
At this week's average 30-year rate of 7.11%, buying the median Middletown home of $164,400 with 20% down costs about $1,124 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,398, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $48,192 for the 20%-down payment. That payment is 24% of the median Middletown household income of $57,102; at that income and 20% down, the 28% guideline points to a home of about $195,000.
The median rent here is $1,007 a month, so owning the median home costs about $117 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $32,880 |
|---|---|
| Loan amount | $131,520 |
| Principal and interest | $885 |
| Property taxes (1.25% a year) | $171 |
| Homeowners insurance (our estimate, 0.5% a year) | $68 |
| PMI | $0 |
| Total per month | $1,124 |
Change the numbers in the calculator
| Down payment | $5,754 |
|---|---|
| Loan amount | $161,422 |
| Principal and interest | $1,086 |
| Property taxes (1.25% a year) | $171 |
| Homeowners insurance (our estimate, 0.5% a year) | $68 |
| FHA mortgage insurance | $73 |
| Total per month | $1,398 |
Change the numbers in the calculator
Questions about home buying in Middletown
What is the median home value in Middletown?
About $164,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Middletown?
Homeowners pay a median $2,052 a year, which is about 1.25% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Middletown?
For the median home with 20% down at 7.11%, the payment is about $1,124 a month. Keeping that under 28% of gross income takes about $48,192 a year.
More about Middletown
- Mortgage Refinance in Middletown
- Debt Relief in Middletown
- Home Equity Loans in Middletown
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data