The typical owner-occupied home in Wilmot is worth about $125,000, 42% below the Ohio median of $214,800 and 62% below the national median of $332,700. Owners pay a median $1,429 a year in property taxes, about 1.14% of their home's value, lower than the Ohio rate of 1.31%. The median household earns $71,607 a year, so the median home costs 1.7 times the median income (3.0 times for Ohio). 66% of occupied homes here are lived in by their owners, and 72% of those owners still have a mortgage.
Wilmot at a glance
| Wilmot | Ohio | U.S. | |
|---|---|---|---|
| Median home value | $125,000 | $214,800 | $332,700 |
| Median property tax paid per year | $1,429 | $2,822 | $3,119 |
| Property tax as a share of value | 1.14% | 1.31% | 0.94% |
| Median household income | $71,607 | $71,389 | $80,734 |
| Homes lived in by their owners | 66% | 67% | 65% |
| Owner homes with a mortgage | 72% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,214 | $1,517 | $1,963 |
| Those costs as a share of the owners' income | 14.0% | 18.6% | 21.0% |
| Median rent | $789 | $1,034 | $1,413 |
| Rent as a share of renters' income | 45.0% | 28.3% | 30.6% |
| Median year homes were built | 1938 | 1970 | 1980 |
| Vacant homes | 15.7% | 8.1% | 10.1% |
| Population | 237 | 11,810,293 | 334,922,499 |
What a typical home costs per month in Wilmot
At this week's average 30-year rate of 7.11%, buying the median Wilmot home of $125,000 with 20% down costs about $844 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,052, 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 $36,152 for the 20%-down payment. That payment is 14% of the median Wilmot household income of $71,607; at that income and 20% down, the 28% guideline points to a home of about $248,000.
The median rent here is $789 a month, so owning the median home costs about $55 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $25,000 |
|---|---|
| Loan amount | $100,000 |
| Principal and interest | $673 |
| Property taxes (1.14% a year) | $119 |
| Homeowners insurance (our estimate, 0.5% a year) | $52 |
| PMI | $0 |
| Total per month | $844 |
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| Down payment | $4,375 |
|---|---|
| Loan amount | $122,736 |
| Principal and interest | $826 |
| Property taxes (1.14% a year) | $119 |
| Homeowners insurance (our estimate, 0.5% a year) | $52 |
| FHA mortgage insurance | $55 |
| Total per month | $1,052 |
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Questions about home buying in Wilmot
What is the median home value in Wilmot?
About $125,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Wilmot?
Homeowners pay a median $1,429 a year, which is about 1.14% 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 Wilmot?
For the median home with 20% down at 7.11%, the payment is about $844 a month. Keeping that under 28% of gross income takes about $36,152 a year.
More about Wilmot
- Mortgage Refinance in Wilmot
- Debt Relief in Wilmot
- Home Equity Loans in Wilmot
- 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