The typical owner-occupied home in Bascom is worth about $145,500, 32% below the Ohio median of $214,800 and 56% below the national median of $332,700. Owners pay a median $1,660 a year in property taxes, about 1.14% of their home's value, lower than the Ohio rate of 1.31%. The median household earns $90,592 a year, so the median home costs 1.6 times the median income (3.0 times for Ohio). 69% of occupied homes here are lived in by their owners, and 47% of those owners still have a mortgage.
Bascom at a glance
| Bascom | Ohio | U.S. | |
|---|---|---|---|
| Median home value | $145,500 | $214,800 | $332,700 |
| Median property tax paid per year | $1,660 | $2,822 | $3,119 |
| Property tax as a share of value | 1.14% | 1.31% | 0.94% |
| Median household income | $90,592 | $71,389 | $80,734 |
| Homes lived in by their owners | 69% | 67% | 65% |
| Owner homes with a mortgage | 47% | 61% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,517 | $1,963 |
| Median rent | – | $1,034 | $1,413 |
| Median year homes were built | 1981 | 1970 | 1980 |
| Vacant homes | 21.3% | 8.1% | 10.1% |
| Population | 298 | 11,810,293 | 334,922,499 |
What a typical home costs per month in Bascom
At this week's average 30-year rate of 7.11%, buying the median Bascom home of $145,500 with 20% down costs about $982 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,224, 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 $42,081 for the 20%-down payment. That payment is 13% of the median Bascom household income of $90,592; at that income and 20% down, the 28% guideline points to a home of about $313,000.
| Down payment | $29,100 |
|---|---|
| Loan amount | $116,400 |
| Principal and interest | $783 |
| Property taxes (1.14% a year) | $138 |
| Homeowners insurance (our estimate, 0.5% a year) | $61 |
| PMI | $0 |
| Total per month | $982 |
Change the numbers in the calculator
| Down payment | $5,092 |
|---|---|
| Loan amount | $142,865 |
| Principal and interest | $961 |
| Property taxes (1.14% a year) | $138 |
| Homeowners insurance (our estimate, 0.5% a year) | $61 |
| FHA mortgage insurance | $64 |
| Total per month | $1,224 |
Change the numbers in the calculator
Questions about home buying in Bascom
What is the median home value in Bascom?
About $145,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Bascom?
Homeowners pay a median $1,660 a year, which is about 1.14% 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 Bascom?
For the median home with 20% down at 7.11%, the payment is about $982 a month. Keeping that under 28% of gross income takes about $42,081 a year.
More about Bascom
- Mortgage Refinance in Bascom
- Debt Relief in Bascom
- Home Equity Loans in Bascom
- 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