The typical owner-occupied home in Kelleys Island is worth about $346,400, 61% above the Ohio median of $214,800 and 4% above the national median of $332,700. Owners pay a median $2,438 a year in property taxes, about 0.70% of their home's value, lower than the Ohio rate of 1.31%. The median household earns $82,917 a year, so the median home costs 4.2 times the median income (3.0 times for Ohio). 92% of occupied homes here are lived in by their owners, and 57% of those owners still have a mortgage.
Kelleys Island at a glance
| Kelleys Island | Ohio | U.S. | |
|---|---|---|---|
| Median home value | $346,400 | $214,800 | $332,700 |
| Median property tax paid per year | $2,438 | $2,822 | $3,119 |
| Property tax as a share of value | 0.70% | 1.31% | 0.94% |
| Median household income | $82,917 | $71,389 | $80,734 |
| Homes lived in by their owners | 92% | 67% | 65% |
| Owner homes with a mortgage | 57% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,417 | $1,517 | $1,963 |
| Those costs as a share of the owners' income | 22.5% | 18.6% | 21.0% |
| Median rent | – | $1,034 | $1,413 |
| Median year homes were built | 1987 | 1970 | 1980 |
| Vacant homes | 94.0% | 8.1% | 10.1% |
| Population | 128 | 11,810,293 | 334,922,499 |
What a typical home costs per month in Kelleys Island
At this week's average 30-year rate of 7.11%, buying the median Kelleys Island home of $346,400 with 20% down costs about $2,211 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,788, 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 $94,740 for the 20%-down payment. That payment is 32% of the median Kelleys Island household income of $82,917; at that income and 20% down, the 28% guideline points to a home of about $303,000.
| Down payment | $69,280 |
|---|---|
| Loan amount | $277,120 |
| Principal and interest | $1,864 |
| Property taxes (0.70% a year) | $202 |
| Homeowners insurance (our estimate, 0.5% a year) | $144 |
| PMI | $0 |
| Total per month | $2,211 |
Change the numbers in the calculator
| Down payment | $12,124 |
|---|---|
| Loan amount | $340,126 |
| Principal and interest | $2,288 |
| Property taxes (0.70% a year) | $202 |
| Homeowners insurance (our estimate, 0.5% a year) | $144 |
| FHA mortgage insurance | $153 |
| Total per month | $2,788 |
Change the numbers in the calculator
Questions about home buying in Kelleys Island
What is the median home value in Kelleys Island?
About $346,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Kelleys Island?
Homeowners pay a median $2,438 a year, which is about 0.70% 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 Kelleys Island?
For the median home with 20% down at 7.11%, the payment is about $2,211 a month. Keeping that under 28% of gross income takes about $94,740 a year.
More about Kelleys Island
- Mortgage Refinance in Kelleys Island
- Debt Relief in Kelleys Island
- Home Equity Loans in Kelleys Island
- 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