Calculate Your Ohio Mortgage Payment
Our calculator is pre-filled with Ohio's median home price and property tax rate. Adjust the numbers to match your situation.
Open Calculator with OH DefaultsMonthly Payment Breakdown for Ohio
Here's what your monthly payment looks like on the median Ohio home ($241,000) with 20% down at 6.5%:
Note: This estimate assumes 20% down payment ($48,200), no PMI. With less than 20% down, add $80-$161/month for PMI.
Ohio Property Taxes
Ohio's effective property tax rate is 1.23%, which is above the national average of 0.89%.
Annual Property Tax on $241,000 Home
$2,964
($247/month escrowed)
Buying a Home in Ohio: Key Facts
- Property tax rate of 1.23% is above the national average of 0.89%
- One of the most affordable median home prices in the country at $241,000
- OHFA reservation volume exceeded $1 billion in 2024
- Ohio Heroes program provides assistance to veterans, first responders, healthcare workers
Mortgage Calculators for Nearby States
Comparing homes across state lines? Check property taxes and home prices in neighboring states:
Ohio First-Time Homebuyer Programs
Ohio has 65 homebuyer assistance programs that can help with down payment and closing costs.
OHFA Down Payment Assistance
3-3.5% of purchase price, forgiven after 7 years
Forgivable LoanOHFA Grants for Grads
Discounted rate plus 3-3.5% forgiven after 5 years for recent graduates
Forgivable LoanOHFA Mortgage Tax Credit
40% of annual mortgage interest as tax credit, up to $2,000/year
Tax CreditEligibility requirements typically include income limits, credit score minimums (usually 620+), and homebuyer education courses. Visit DownPaymentResource.com to search for programs you may qualify for.
Major Cities in Ohio
Home prices and property taxes can vary significantly by city. The median home price of $241,000 is a statewide average.
Ohio Mortgage FAQ
What is the property tax rate in Ohio?
The average effective property tax rate in Ohio is 1.23%. On a $241,000 home, that's approximately $2,964 per year or $247 per month added to your mortgage payment.
What is the median home price in Ohio?
The median home price in Ohio is $241,000 as of January 2026. Prices vary by location - Columbus and Cleveland typically have higher prices than rural areas.
Are there first-time homebuyer programs in Ohio?
Yes, Ohio has 65 homebuyer assistance programs. Popular options include OHFA Down Payment Assistance, which offers 3-3.5% of purchase price, forgiven after 7 years.
How much do I need to buy a house in Ohio?
For the median Ohio home ($241,000), you'd need $48,200 for a 20% down payment, plus $7,230-$12,050 for closing costs. With down payment assistance, you could potentially buy with as little as $8,435 (3.5% FHA down payment).
Ready to Calculate?
Use our free mortgage calculator with Ohio property taxes pre-filled.
Calculate Your OH Mortgage Payment