The typical owner-occupied home in Miamitown is worth about $27,500, 87% below the Ohio median of $214,800 and 92% below the national median of $332,700. Owners pay a median $1,252 a year in property taxes, about 4.55% of their home's value, higher than the Ohio rate of 1.31%. The median household earns $65,395 a year, so the median home costs 0.4 times the median income (3.0 times for Ohio). 20% of occupied homes here are lived in by their owners, and 0% of those owners still have a mortgage.
Miamitown at a glance
| Miamitown | Ohio | U.S. | |
|---|---|---|---|
| Median home value | $27,500 | $214,800 | $332,700 |
| Median property tax paid per year | $1,252 | $2,822 | $3,119 |
| Property tax as a share of value | 4.55% | 1.31% | 0.94% |
| Median household income | $65,395 | $71,389 | $80,734 |
| Homes lived in by their owners | 20% | 67% | 65% |
| Owner homes with a mortgage | 0% | 61% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,517 | $1,963 |
| Median rent | $1,153 | $1,034 | $1,413 |
| Rent as a share of renters' income | 27.1% | 28.3% | 30.6% |
| Median year homes were built | 1973 | 1970 | 1980 |
| Vacant homes | 0.0% | 8.1% | 10.1% |
| Population | 1,169 | 11,810,293 | 334,922,499 |
What a typical home costs per month in Miamitown
At this week's average 30-year rate of 7.11%, buying the median Miamitown home of $27,500 with 20% down costs about $264 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $310, 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 $11,303 for the 20%-down payment. That payment is 5% of the median Miamitown household income of $65,395; at that income and 20% down, the 28% guideline points to a home of about $159,000.
The median rent here is $1,153 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $5,500 |
|---|---|
| Loan amount | $22,000 |
| Principal and interest | $148 |
| Property taxes (4.55% a year) | $104 |
| Homeowners insurance (our estimate, 0.5% a year) | $11 |
| PMI | $0 |
| Total per month | $264 |
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| Down payment | $962 |
|---|---|
| Loan amount | $27,002 |
| Principal and interest | $182 |
| Property taxes (4.55% a year) | $104 |
| Homeowners insurance (our estimate, 0.5% a year) | $11 |
| FHA mortgage insurance | $12 |
| Total per month | $310 |
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Questions about home buying in Miamitown
What is the median home value in Miamitown?
About $27,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Miamitown?
Homeowners pay a median $1,252 a year, which is about 4.55% 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 Miamitown?
For the median home with 20% down at 7.11%, the payment is about $264 a month. Keeping that under 28% of gross income takes about $11,303 a year.
More about Miamitown
- Mortgage Refinance in Miamitown
- Debt Relief in Miamitown
- Home Equity Loans in Miamitown
- 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