The typical owner-occupied home in Kipton is worth about $140,600, 35% below the Ohio median of $214,800 and 58% below the national median of $332,700. Owners pay a median $1,775 a year in property taxes, about 1.26% of their home's value, close to the Ohio rate of 1.31%. The median household earns $69,107 a year, so the median home costs 2.0 times the median income (3.0 times for Ohio). 70% of occupied homes here are lived in by their owners, and 54% of those owners still have a mortgage.
Kipton at a glance
| Kipton | Ohio | U.S. | |
|---|---|---|---|
| Median home value | $140,600 | $214,800 | $332,700 |
| Median property tax paid per year | $1,775 | $2,822 | $3,119 |
| Property tax as a share of value | 1.26% | 1.31% | 0.94% |
| Median household income | $69,107 | $71,389 | $80,734 |
| Homes lived in by their owners | 70% | 67% | 65% |
| Owner homes with a mortgage | 54% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,547 | $1,517 | $1,963 |
| Those costs as a share of the owners' income | 22.0% | 18.6% | 21.0% |
| Median rent | $950 | $1,034 | $1,413 |
| Rent as a share of renters' income | 22.7% | 28.3% | 30.6% |
| Median year homes were built | 1938 | 1970 | 1980 |
| Vacant homes | 10.8% | 8.1% | 10.1% |
| Population | 251 | 11,810,293 | 334,922,499 |
What a typical home costs per month in Kipton
At this week's average 30-year rate of 7.11%, buying the median Kipton home of $140,600 with 20% down costs about $963 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,197, 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 $41,266 for the 20%-down payment. That payment is 17% of the median Kipton household income of $69,107; at that income and 20% down, the 28% guideline points to a home of about $235,000.
The median rent here is $950 a month, so owning the median home costs about $13 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $28,120 |
|---|---|
| Loan amount | $112,480 |
| Principal and interest | $757 |
| Property taxes (1.26% a year) | $148 |
| Homeowners insurance (our estimate, 0.5% a year) | $59 |
| PMI | $0 |
| Total per month | $963 |
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| Down payment | $4,921 |
|---|---|
| Loan amount | $138,053 |
| Principal and interest | $929 |
| Property taxes (1.26% a year) | $148 |
| Homeowners insurance (our estimate, 0.5% a year) | $59 |
| FHA mortgage insurance | $62 |
| Total per month | $1,197 |
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Questions about home buying in Kipton
What is the median home value in Kipton?
About $140,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Kipton?
Homeowners pay a median $1,775 a year, which is about 1.26% 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 Kipton?
For the median home with 20% down at 7.11%, the payment is about $963 a month. Keeping that under 28% of gross income takes about $41,266 a year.
More about Kipton
- Mortgage Refinance in Kipton
- Debt Relief in Kipton
- Home Equity Loans in Kipton
- 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