The typical owner-occupied home in Ohio is worth about $99,000, 62% below the Illinois median of $263,300 and 70% below the national median of $332,700. Owners pay a median $2,306 a year in property taxes, about 2.33% of their home's value, higher than the Illinois rate of 2.01%. The median household earns $68,594 a year, so the median home costs 1.4 times the median income (3.2 times for Illinois). 85% of occupied homes here are lived in by their owners, and 62% of those owners still have a mortgage.
Ohio at a glance
| Ohio | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $99,000 | $263,300 | $332,700 |
| Median property tax paid per year | $2,306 | $5,298 | $3,119 |
| Property tax as a share of value | 2.33% | 2.01% | 0.94% |
| Median household income | $68,594 | $83,390 | $80,734 |
| Homes lived in by their owners | 85% | 67% | 65% |
| Owner homes with a mortgage | 62% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,008 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 17.1% | 20.6% | 21.0% |
| Median rent | $638 | $1,274 | $1,413 |
| Rent as a share of renters' income | 33.1% | 29.1% | 30.6% |
| Median year homes were built | 1938 | 1971 | 1980 |
| Vacant homes | 13.7% | 7.7% | 10.1% |
| Population | 609 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Ohio
At this week's average 30-year rate of 7.11%, buying the median Ohio home of $99,000 with 20% down costs about $766 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $931, 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 $32,840 for the 20%-down payment. That payment is 13% of the median Ohio household income of $68,594; at that income and 20% down, the 28% guideline points to a home of about $207,000.
The median rent here is $638 a month, so owning the median home costs about $128 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $19,800 |
|---|---|
| Loan amount | $79,200 |
| Principal and interest | $533 |
| Property taxes (2.33% a year) | $192 |
| Homeowners insurance (our estimate, 0.5% a year) | $41 |
| PMI | $0 |
| Total per month | $766 |
Change the numbers in the calculator
| Down payment | $3,465 |
|---|---|
| Loan amount | $97,207 |
| Principal and interest | $654 |
| Property taxes (2.33% a year) | $192 |
| Homeowners insurance (our estimate, 0.5% a year) | $41 |
| FHA mortgage insurance | $44 |
| Total per month | $931 |
Change the numbers in the calculator
Questions about home buying in Ohio
What is the median home value in Ohio?
About $99,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Ohio?
Homeowners pay a median $2,306 a year, which is about 2.33% 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 Ohio?
For the median home with 20% down at 7.11%, the payment is about $766 a month. Keeping that under 28% of gross income takes about $32,840 a year.
More about Ohio
- Mortgage Refinance in Ohio
- Debt Relief in Ohio
- Home Equity Loans in Ohio
- 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