Ohio · OH

Ohio Mortgage Calculator

Pre-filled for Ohio: median home price $235,000, average property tax rate 1.59%. Adjust any slider to make it yours.

Ohio housing at a glance

Median home price: $235,000
Effective property tax rate: 1.59% / yr
Annual property tax (median home): $3,737
Est. monthly tax escrow: $311
State income tax: Yes

Sources: regional housing data 2025 (median price), state assessor averages 2024–2025 (tax rate).

Buying a home in Ohio

The median home price in Ohio is around $235,000 and the effective property tax rate averages 1.59%of assessed value per year. Most lenders look for a debt-to-income (DTI) ratio under 43%, meaning your total monthly debt payments (including this mortgage) shouldn't exceed 43% of your gross income.

A 20% down payment on the median home in Ohio is $47,000. Putting down at least 20% eliminates private mortgage insurance (PMI), which typically adds 0.3–1.5% of the loan amount per year to your monthly payment.

Transfer tax & closing costs in Ohio

Ohio's state conveyance fee is $1 per $1,000 of price (0.1%); counties may add up to $3 per $1,000.

Beyond transfer taxes, total closing costs in Ohiotypically range from 2–5% of the purchase price — including lender origination fees, title insurance, appraisal, and prepaid interest. On the median home that's roughly $4,700–$11,750.

Foreclosure & legal context

Foreclosure type: Judicial (court-supervised)
Security instrument: Mortgage
Deficiency liability: Recourse

Ohio mortgage FAQ

What is the monthly mortgage payment for a median-priced home in Ohio?: At the current 30-year fixed rate of ~6.81%, a $235,000 home in Ohio with 20% down ($47,000) carries a principal-and-interest payment of ~$1,227/mo. Add property tax (~$311/mo at 1.59%) and homeowners insurance and your total is roughly $1,538/mo. Use the calculator above to adjust for your exact down payment and rate.
What is the property tax rate in Ohio?: The effective statewide property tax rate in Ohio averages 1.59% of assessed value per year. On a $235,000 home, that works out to roughly $3,737 per year ($311/mo). Individual county rates vary.
Does Ohio have a state income tax?: Yes, Ohio has a state income tax. This affects your net take-home pay and therefore your effective purchasing power — use our salary calculator to estimate what's left after tax.
What are the closing costs and transfer taxes in Ohio?: Ohio's state conveyance fee is $1 per $1,000 of price (0.1%); counties may add up to $3 per $1,000.
What type of foreclosure does Ohio use?: Ohio uses judicial foreclosure, meaning a lender must file a lawsuit and obtain a court judgment before selling a property.

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