2026 data · 1.36% property tax · Median home $204,200
Ohio Mortgage Calculator
A median-priced home in Ohio ($204,200) costs roughly $1,403 per month all-in (PITI), assuming 20% down and a 30-year fixed at 7.0%. Ohio's effective property tax rate is 1.36% — close to the US average of about 1.0%.
Ohio median-home monthly payment
$1,403/mo
P&I $1,087 · Tax $231 · Insurance $85
@ $204,200 price, 20% down, 30-yr fixed at 7.0%
For a custom calculation with your specific numbers (different down payment, rate, term, or home price), use the main mortgage calculator — it includes a full amortization schedule.
Monthly payments at common home prices in Ohio
| Home price | 20% down | P&I | Prop tax | Insurance | Total PITI/mo |
|---|---|---|---|---|---|
| $200,000 | $40,000 | $1,064 | $227 | $83 | $1,374 |
| $204,200 (state median) | $40,840 | $1,087 | $231 | $85 | $1,403 |
| $300,000 | $60,000 | $1,597 | $340 | $125 | $2,062 |
| $400,000 | $80,000 | $2,129 | $453 | $167 | $2,749 |
| $500,000 | $100,000 | $2,661 | $567 | $208 | $3,436 |
| $750,000 | $150,000 | $3,992 | $850 | $313 | $5,154 |
Calculations use Ohio's 1.36% effective property tax rate, estimated homeowners insurance at 0.50%/year of home value, 30-year fixed at 7.0%, no PMI (20% down). Closing costs not included.
Ohio property tax
Effective rate
1.36%
Median home value
$204,200
Median property tax
$2,770/yr
Ohio has above-average property tax rates. Homestead exemption reduces taxable value by $26,200 for homeowners 65+ or permanently disabled. Various local rollbacks reduce effective rate.
See our property tax calculator for a state-by-state property tax breakdown, and our Ohio paycheck calculator to estimate take-home pay against this monthly housing cost.
Ohio vs neighboring states
| State | Property tax rate | Median home | Median tax/yr | |
|---|---|---|---|---|
| Ohio (this page) | 1.36% | $204,200 | $2,770 | |
| Michigan | 1.33% | $210,100 | $2,754 | Michigan mortgage → |
| Indiana | 0.79% | $190,000 | $1,478 | Indiana mortgage → |
| Kentucky | 0.80% | $177,400 | $1,382 | Kentucky mortgage → |
| West Virginia | 0.57% | $134,200 | $768 | West Virginia mortgage → |
FAQs about Ohio mortgages
What is the property tax rate in Ohio?
Ohio's effective property tax rate is 1.36%, meaning the average homeowner pays roughly 1.36% of their home's value in property tax annually. On a $204,200 home (the state median), that's about $2,770 per year, or $231 per month added to your mortgage payment.
What is the average monthly mortgage payment in Ohio?
For a home at Ohio's median value of $204,200, assuming 20% down, a 30-year fixed mortgage at 7.0%, and Ohio's 1.36% property tax + estimated insurance, the typical monthly PITI payment is approximately $1,403. This includes $1,087 principal & interest, $231 property tax, and $85 homeowners insurance.
How much income do I need to buy a house in Ohio?
Using the standard 28% front-end DTI rule, you'd need annual income of approximately $60,129 to comfortably afford Ohio's median-priced home. Lenders typically allow up to 43% total DTI (including all debts), which corresponds to about $39,153 annual income at the maximum end. Your specific qualification depends on credit score, down payment, debts, and lender requirements.
Is Ohio a good state to buy a house?
Ohio's combination of 1.36% property tax (near the national average of ~1.0%) and median home value of $204,200 make it one of the more affordable states for homeowners. Ohio has above-average property tax rates.
How does Ohio property tax compare to neighboring states?
Ohio's 1.36% rate compares to: Michigan at 1.33%, Indiana at 0.79%, Kentucky at 0.80%, West Virginia at 0.57%. Property taxes can differ substantially between bordering states — moving 30 miles across a state line can change your annual tax bill by thousands.
Does Ohio have a homestead exemption?
Ohio has above-average property tax rates. Homestead exemption reduces taxable value by $26,200 for homeowners 65+ or permanently disabled. Various local rollbacks reduce effective rate.
What's included in PITI?
PITI stands for Principal, Interest, Taxes, and Insurance — the four standard components of a mortgage payment. For your Ohio mortgage, the breakdown on a median-priced home would be: Principal & Interest $1,087, Property Tax $231, Homeowners Insurance $85. Add PMI if your down payment is under 20%, and HOA fees if your home is in a community with one.