The typical owner-occupied home in Montezuma is worth about $110,900, 48% below the Ohio median of $214,800 and 67% below the national median of $332,700. Owners pay a median $1,442 a year in property taxes, about 1.30% of their home's value, close to the Ohio rate of 1.31%. The median household earns $80,833 a year, so the median home costs 1.4 times the median income (3.0 times for Ohio). 91% of occupied homes here are lived in by their owners, and 65% of those owners still have a mortgage.
Montezuma at a glance
| Montezuma | Ohio | U.S. | |
|---|---|---|---|
| Median home value | $110,900 | $214,800 | $332,700 |
| Median property tax paid per year | $1,442 | $2,822 | $3,119 |
| Property tax as a share of value | 1.30% | 1.31% | 0.94% |
| Median household income | $80,833 | $71,389 | $80,734 |
| Homes lived in by their owners | 91% | 67% | 65% |
| Owner homes with a mortgage | 65% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $875 | $1,517 | $1,963 |
| Those costs as a share of the owners' income | 13.8% | 18.6% | 21.0% |
| Median rent | $1,313 | $1,034 | $1,413 |
| Rent as a share of renters' income | 22.5% | 28.3% | 30.6% |
| Median year homes were built | 1947 | 1970 | 1980 |
| Vacant homes | 23.3% | 8.1% | 10.1% |
| Population | 117 | 11,810,293 | 334,922,499 |
What a typical home costs per month in Montezuma
At this week's average 30-year rate of 7.11%, buying the median Montezuma home of $110,900 with 20% down costs about $763 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $948, 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 $32,708 for the 20%-down payment. That payment is 11% of the median Montezuma household income of $80,833; at that income and 20% down, the 28% guideline points to a home of about $274,000.
The median rent here is $1,313 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $22,180 |
|---|---|
| Loan amount | $88,720 |
| Principal and interest | $597 |
| Property taxes (1.30% a year) | $120 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| PMI | $0 |
| Total per month | $763 |
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| Down payment | $3,882 |
|---|---|
| Loan amount | $108,891 |
| Principal and interest | $733 |
| Property taxes (1.30% a year) | $120 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| FHA mortgage insurance | $49 |
| Total per month | $948 |
Change the numbers in the calculator
Questions about home buying in Montezuma
What is the median home value in Montezuma?
About $110,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Montezuma?
Homeowners pay a median $1,442 a year, which is about 1.30% 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 Montezuma?
For the median home with 20% down at 7.11%, the payment is about $763 a month. Keeping that under 28% of gross income takes about $32,708 a year.
More about Montezuma
- Mortgage Refinance in Montezuma
- Debt Relief in Montezuma
- Home Equity Loans in Montezuma
- 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