The typical owner-occupied home in Arcanum is worth about $148,700, 31% below the Ohio median of $214,800 and 55% below the national median of $332,700. Owners pay a median $1,401 a year in property taxes, about 0.94% of their home's value, lower than the Ohio rate of 1.31%. The median household earns $60,481 a year, so the median home costs 2.5 times the median income (3.0 times for Ohio). 75% of occupied homes here are lived in by their owners, and 71% of those owners still have a mortgage.
Arcanum at a glance
| Arcanum | Ohio | U.S. | |
|---|---|---|---|
| Median home value | $148,700 | $214,800 | $332,700 |
| Median property tax paid per year | $1,401 | $2,822 | $3,119 |
| Property tax as a share of value | 0.94% | 1.31% | 0.94% |
| Median household income | $60,481 | $71,389 | $80,734 |
| Homes lived in by their owners | 75% | 67% | 65% |
| Owner homes with a mortgage | 71% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,304 | $1,517 | $1,963 |
| Those costs as a share of the owners' income | 19.4% | 18.6% | 21.0% |
| Median rent | $803 | $1,034 | $1,413 |
| Rent as a share of renters' income | 27.9% | 28.3% | 30.6% |
| Median year homes were built | 1968 | 1970 | 1980 |
| Vacant homes | 1.7% | 8.1% | 10.1% |
| Population | 2,912 | 11,810,293 | 334,922,499 |
What a typical home costs per month in Arcanum
At this week's average 30-year rate of 7.11%, buying the median Arcanum home of $148,700 with 20% down costs about $979 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,226, 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 $41,944 for the 20%-down payment. That payment is 19% of the median Arcanum household income of $60,481; at that income and 20% down, the 28% guideline points to a home of about $214,000.
The median rent here is $803 a month, so owning the median home costs about $176 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $29,740 |
|---|---|
| Loan amount | $118,960 |
| Principal and interest | $800 |
| Property taxes (0.94% a year) | $116 |
| Homeowners insurance (our estimate, 0.5% a year) | $62 |
| PMI | $0 |
| Total per month | $979 |
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| Down payment | $5,204 |
|---|---|
| Loan amount | $146,007 |
| Principal and interest | $982 |
| Property taxes (0.94% a year) | $116 |
| Homeowners insurance (our estimate, 0.5% a year) | $62 |
| FHA mortgage insurance | $66 |
| Total per month | $1,226 |
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Questions about home buying in Arcanum
What is the median home value in Arcanum?
About $148,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Arcanum?
Homeowners pay a median $1,401 a year, which is about 0.94% 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 Arcanum?
For the median home with 20% down at 7.11%, the payment is about $979 a month. Keeping that under 28% of gross income takes about $41,944 a year.
More about Arcanum
- Mortgage Refinance in Arcanum
- Debt Relief in Arcanum
- Home Equity Loans in Arcanum
- 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