The typical owner-occupied home in Stratton is worth about $57,100, 73% below the Ohio median of $214,800 and 83% below the national median of $332,700. Owners pay a median $625 a year in property taxes, about 1.09% of their home's value, lower than the Ohio rate of 1.31%. The median household earns $39,750 a year, so the median home costs 1.4 times the median income (3.0 times for Ohio). 77% of occupied homes here are lived in by their owners, and 37% of those owners still have a mortgage.
Stratton at a glance
| Stratton | Ohio | U.S. | |
|---|---|---|---|
| Median home value | $57,100 | $214,800 | $332,700 |
| Median property tax paid per year | $625 | $2,822 | $3,119 |
| Property tax as a share of value | 1.09% | 1.31% | 0.94% |
| Median household income | $39,750 | $71,389 | $80,734 |
| Homes lived in by their owners | 77% | 67% | 65% |
| Owner homes with a mortgage | 37% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $855 | $1,517 | $1,963 |
| Those costs as a share of the owners' income | 14.5% | 18.6% | 21.0% |
| Median rent | $725 | $1,034 | $1,413 |
| Rent as a share of renters' income | 16.3% | 28.3% | 30.6% |
| Median year homes were built | 1954 | 1970 | 1980 |
| Vacant homes | 2.9% | 8.1% | 10.1% |
| Population | 240 | 11,810,293 | 334,922,499 |
What a typical home costs per month in Stratton
At this week's average 30-year rate of 7.11%, buying the median Stratton home of $57,100 with 20% down costs about $383 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $478, 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 $16,412 for the 20%-down payment. That payment is 12% of the median Stratton household income of $39,750; at that income and 20% down, the 28% guideline points to a home of about $138,000.
The median rent here is $725 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $11,420 |
|---|---|
| Loan amount | $45,680 |
| Principal and interest | $307 |
| Property taxes (1.09% a year) | $52 |
| Homeowners insurance (our estimate, 0.5% a year) | $24 |
| PMI | $0 |
| Total per month | $383 |
Change the numbers in the calculator
| Down payment | $1,998 |
|---|---|
| Loan amount | $56,066 |
| Principal and interest | $377 |
| Property taxes (1.09% a year) | $52 |
| Homeowners insurance (our estimate, 0.5% a year) | $24 |
| FHA mortgage insurance | $25 |
| Total per month | $478 |
Change the numbers in the calculator
Questions about home buying in Stratton
What is the median home value in Stratton?
About $57,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Stratton?
Homeowners pay a median $625 a year, which is about 1.09% 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 Stratton?
For the median home with 20% down at 7.11%, the payment is about $383 a month. Keeping that under 28% of gross income takes about $16,412 a year.
More about Stratton
- Mortgage Refinance in Stratton
- Debt Relief in Stratton
- Home Equity Loans in Stratton
- 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