The typical owner-occupied home in Cardington is worth about $155,000, 28% below the Ohio median of $214,800 and 53% below the national median of $332,700. Owners pay a median $1,733 a year in property taxes, about 1.12% of their home's value, lower than the Ohio rate of 1.31%. The median household earns $70,260 a year, so the median home costs 2.2 times the median income (3.0 times for Ohio). 69% of occupied homes here are lived in by their owners, and 65% of those owners still have a mortgage.
Cardington at a glance
| Cardington | Ohio | U.S. | |
|---|---|---|---|
| Median home value | $155,000 | $214,800 | $332,700 |
| Median property tax paid per year | $1,733 | $2,822 | $3,119 |
| Property tax as a share of value | 1.12% | 1.31% | 0.94% |
| Median household income | $70,260 | $71,389 | $80,734 |
| Homes lived in by their owners | 69% | 67% | 65% |
| Owner homes with a mortgage | 65% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,200 | $1,517 | $1,963 |
| Those costs as a share of the owners' income | 17.0% | 18.6% | 21.0% |
| Median rent | $905 | $1,034 | $1,413 |
| Rent as a share of renters' income | 25.0% | 28.3% | 30.6% |
| Median year homes were built | 1978 | 1970 | 1980 |
| Vacant homes | 11.5% | 8.1% | 10.1% |
| Population | 1,928 | 11,810,293 | 334,922,499 |
What a typical home costs per month in Cardington
At this week's average 30-year rate of 7.11%, buying the median Cardington home of $155,000 with 20% down costs about $1,043 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,302, 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 $44,718 for the 20%-down payment. That payment is 18% of the median Cardington household income of $70,260; at that income and 20% down, the 28% guideline points to a home of about $244,000.
The median rent here is $905 a month, so owning the median home costs about $138 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $31,000 |
|---|---|
| Loan amount | $124,000 |
| Principal and interest | $834 |
| Property taxes (1.12% a year) | $145 |
| Homeowners insurance (our estimate, 0.5% a year) | $65 |
| PMI | $0 |
| Total per month | $1,043 |
Change the numbers in the calculator
| Down payment | $5,425 |
|---|---|
| Loan amount | $152,193 |
| Principal and interest | $1,024 |
| Property taxes (1.12% a year) | $145 |
| Homeowners insurance (our estimate, 0.5% a year) | $65 |
| FHA mortgage insurance | $69 |
| Total per month | $1,302 |
Change the numbers in the calculator
Questions about home buying in Cardington
What is the median home value in Cardington?
About $155,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Cardington?
Homeowners pay a median $1,733 a year, which is about 1.12% 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 Cardington?
For the median home with 20% down at 7.11%, the payment is about $1,043 a month. Keeping that under 28% of gross income takes about $44,718 a year.
More about Cardington
- Mortgage Refinance in Cardington
- Debt Relief in Cardington
- Home Equity Loans in Cardington
- 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