The typical owner-occupied home in North Royalton is worth about $292,600, 36% above the Ohio median of $214,800 and 12% below the national median of $332,700. Owners pay a median $4,946 a year in property taxes, about 1.69% of their home's value, higher than the Ohio rate of 1.31%. The median household earns $83,670 a year, so the median home costs 3.5 times the median income (3.0 times for Ohio). 72% of occupied homes here are lived in by their owners, and 59% of those owners still have a mortgage.
North Royalton at a glance
| North Royalton | Ohio | U.S. | |
|---|---|---|---|
| Median home value | $292,600 | $214,800 | $332,700 |
| Median property tax paid per year | $4,946 | $2,822 | $3,119 |
| Property tax as a share of value | 1.69% | 1.31% | 0.94% |
| Median household income | $83,670 | $71,389 | $80,734 |
| Homes lived in by their owners | 72% | 67% | 65% |
| Owner homes with a mortgage | 59% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,872 | $1,517 | $1,963 |
| Those costs as a share of the owners' income | 18.7% | 18.6% | 21.0% |
| Median rent | $1,116 | $1,034 | $1,413 |
| Rent as a share of renters' income | 27.0% | 28.3% | 30.6% |
| Median year homes were built | 1983 | 1970 | 1980 |
| Vacant homes | 6.0% | 8.1% | 10.1% |
| Population | 30,972 | 11,810,293 | 334,922,499 |
What a typical home costs per month in North Royalton
At this week's average 30-year rate of 7.11%, buying the median North Royalton home of $292,600 with 20% down costs about $2,109 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,596, 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 $90,372 for the 20%-down payment. That payment is 30% of the median North Royalton household income of $83,670; at that income and 20% down, the 28% guideline points to a home of about $271,000.
The median rent here is $1,116 a month, so owning the median home costs about $993 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $58,520 |
|---|---|
| Loan amount | $234,080 |
| Principal and interest | $1,575 |
| Property taxes (1.69% a year) | $412 |
| Homeowners insurance (our estimate, 0.5% a year) | $122 |
| PMI | $0 |
| Total per month | $2,109 |
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| Down payment | $10,241 |
|---|---|
| Loan amount | $287,300 |
| Principal and interest | $1,933 |
| Property taxes (1.69% a year) | $412 |
| Homeowners insurance (our estimate, 0.5% a year) | $122 |
| FHA mortgage insurance | $129 |
| Total per month | $2,596 |
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Questions about home buying in North Royalton
What is the median home value in North Royalton?
About $292,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in North Royalton?
Homeowners pay a median $4,946 a year, which is about 1.69% 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 North Royalton?
For the median home with 20% down at 7.11%, the payment is about $2,109 a month. Keeping that under 28% of gross income takes about $90,372 a year.
More about North Royalton
- Mortgage Refinance in North Royalton
- Debt Relief in North Royalton
- Home Equity Loans in North Royalton
- 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