Mortgage Calculator — Ohio
Pre-filled with Ohio's average home price of $215000, property tax rate of 1.36%, and average insurance of $1500/year. Adjust any value below.
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Ohio Housing Market
Ohio offers some of the most affordable housing markets in the US. Columbus has seen strong appreciation as a growing tech and business hub, but Cleveland and Toledo remain among the most affordable large metros in the country.
Affordability in Ohio
With median home prices well below $225,000, Ohio is highly accessible for first-time buyers. A household earning $65,000–$75,000 can comfortably afford a median-priced Ohio home with a conventional 30-year mortgage.
Key Markets
First-Time Buyer Programs in Ohio
OHFA Your Choice! Down Payment Assistance
2.5% or 5% of the purchase price toward down payment and closing costs, forgiven after 7 years.
Ohio Heroes
Discounted interest rate for veterans, active military, teachers, first responders and healthcare workers.
Grants for Grads
Reduced rate plus down payment help for buyers who earned a degree within the last 48 months.
Programs are run by the Ohio Housing Finance Agency (OHFA). Income limits, price limits and assistance amounts change often — confirm current terms with the agency or an approved lender.
Property Tax in Ohio
Ohio taxes homes on 35% of appraised value, and counties reappraise every six years. The Owner Occupancy Credit and the income-qualified Homestead Exemption lower the bill. At Ohio's average effective rate of 1.36%, a $215,000 home pays roughly $2,920/year (about $243/month).
Ohio Conforming Loan Limit
In 2026, the conforming loan limit is $832,750 in most counties. Designated high-cost areas can go up to $1,249,125. Loans above the limit are jumbo loans and usually need a larger down payment.
Closing Costs in Ohio
Ohio's real property conveyance fee is $1 per $1,000 at the state level, and counties can add up to $3 per $1,000 more. By custom the seller pays it. Title insurance and lender fees make up most of the rest of the closing costs.
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