The typical owner-occupied home in Waterville is worth about $308,400, 44% above the Ohio median of $214,800 and 7% below the national median of $332,700. Owners pay a median $4,836 a year in property taxes, about 1.57% of their home's value, higher than the Ohio rate of 1.31%. The median household earns $104,114 a year, so the median home costs 3.0 times the median income (3.0 times for Ohio). 73% of occupied homes here are lived in by their owners, and 65% of those owners still have a mortgage.
Waterville at a glance
| Waterville | Ohio | U.S. | |
|---|---|---|---|
| Median home value | $308,400 | $214,800 | $332,700 |
| Median property tax paid per year | $4,836 | $2,822 | $3,119 |
| Property tax as a share of value | 1.57% | 1.31% | 0.94% |
| Median household income | $104,114 | $71,389 | $80,734 |
| Homes lived in by their owners | 73% | 67% | 65% |
| Owner homes with a mortgage | 65% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,988 | $1,517 | $1,963 |
| Those costs as a share of the owners' income | 19.2% | 18.6% | 21.0% |
| Median rent | $1,415 | $1,034 | $1,413 |
| Rent as a share of renters' income | 26.6% | 28.3% | 30.6% |
| Median year homes were built | 1992 | 1970 | 1980 |
| Vacant homes | 5.7% | 8.1% | 10.1% |
| Population | 6,017 | 11,810,293 | 334,922,499 |
What a typical home costs per month in Waterville
At this week's average 30-year rate of 7.11%, buying the median Waterville home of $308,400 with 20% down costs about $2,192 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,705, 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 $93,930 for the 20%-down payment. That payment is 25% of the median Waterville household income of $104,114; at that income and 20% down, the 28% guideline points to a home of about $342,000.
The median rent here is $1,415 a month, so owning the median home costs about $777 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $61,680 |
|---|---|
| Loan amount | $246,720 |
| Principal and interest | $1,660 |
| Property taxes (1.57% a year) | $403 |
| Homeowners insurance (our estimate, 0.5% a year) | $128 |
| PMI | $0 |
| Total per month | $2,192 |
Change the numbers in the calculator
| Down payment | $10,794 |
|---|---|
| Loan amount | $302,814 |
| Principal and interest | $2,037 |
| Property taxes (1.57% a year) | $403 |
| Homeowners insurance (our estimate, 0.5% a year) | $128 |
| FHA mortgage insurance | $136 |
| Total per month | $2,705 |
Change the numbers in the calculator
Questions about home buying in Waterville
What is the median home value in Waterville?
About $308,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Waterville?
Homeowners pay a median $4,836 a year, which is about 1.57% 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 Waterville?
For the median home with 20% down at 7.11%, the payment is about $2,192 a month. Keeping that under 28% of gross income takes about $93,930 a year.
More about Waterville
- Mortgage Refinance in Waterville
- Debt Relief in Waterville
- Home Equity Loans in Waterville
- 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