The typical owner-occupied home in Bowerston is worth about $75,000, 65% below the Ohio median of $214,800 and 77% below the national median of $332,700. Owners pay a median $839 a year in property taxes, about 1.12% of their home's value, lower than the Ohio rate of 1.31%. 59% of occupied homes here are lived in by their owners, and 30% of those owners still have a mortgage.
Bowerston at a glance
| Bowerston | Ohio | U.S. | |
|---|---|---|---|
| Median home value | $75,000 | $214,800 | $332,700 |
| Median property tax paid per year | $839 | $2,822 | $3,119 |
| Property tax as a share of value | 1.12% | 1.31% | 0.94% |
| Median household income | – | $71,389 | $80,734 |
| Homes lived in by their owners | 59% | 67% | 65% |
| Owner homes with a mortgage | 30% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $979 | $1,517 | $1,963 |
| Those costs as a share of the owners' income | 15.8% | 18.6% | 21.0% |
| Median rent | $564 | $1,034 | $1,413 |
| Rent as a share of renters' income | 28.4% | 28.3% | 30.6% |
| Median year homes were built | 1953 | 1970 | 1980 |
| Vacant homes | 19.0% | 8.1% | 10.1% |
| Population | 420 | 11,810,293 | 334,922,499 |
What a typical home costs per month in Bowerston
At this week's average 30-year rate of 7.11%, buying the median Bowerston home of $75,000 with 20% down costs about $505 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $630, 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 $21,637 for the 20%-down payment.
The median rent here is $564 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $15,000 |
|---|---|
| Loan amount | $60,000 |
| Principal and interest | $404 |
| Property taxes (1.12% a year) | $70 |
| Homeowners insurance (our estimate, 0.5% a year) | $31 |
| PMI | $0 |
| Total per month | $505 |
Change the numbers in the calculator
| Down payment | $2,625 |
|---|---|
| Loan amount | $73,642 |
| Principal and interest | $495 |
| Property taxes (1.12% a year) | $70 |
| Homeowners insurance (our estimate, 0.5% a year) | $31 |
| FHA mortgage insurance | $33 |
| Total per month | $630 |
Change the numbers in the calculator
Questions about home buying in Bowerston
What is the median home value in Bowerston?
About $75,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Bowerston?
Homeowners pay a median $839 a year, which is about 1.12% 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 Bowerston?
For the median home with 20% down at 7.11%, the payment is about $505 a month. Keeping that under 28% of gross income takes about $21,637 a year.
More about Bowerston
- Mortgage Refinance in Bowerston
- Debt Relief in Bowerston
- Home Equity Loans in Bowerston
- 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