The typical owner-occupied home in Ohio is worth about $214,800, 35% below the national median of $332,700. Owners pay a median $2,822 a year in property taxes, about 1.31% of their home's value, higher than the national rate of 0.94%. The median household earns $71,389 a year, so the median home costs 3.0 times the median income (4.1 times for the U.S.). 67% of occupied homes here are lived in by their owners, and 61% of those owners still have a mortgage.
Ohio at a glance
| Ohio | U.S. | |
|---|---|---|
| Median home value | $214,800 | $332,700 |
| Median property tax paid per year | $2,822 | $3,119 |
| Property tax as a share of value | 1.31% | 0.94% |
| Median household income | $71,389 | $80,734 |
| Homes lived in by their owners | 67% | 65% |
| Owner homes with a mortgage | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,517 | $1,963 |
| Those costs as a share of the owners' income | 18.6% | 21.0% |
| Median rent | $1,034 | $1,413 |
| Rent as a share of renters' income | 28.3% | 30.6% |
| Median year homes were built | 1970 | 1980 |
| Vacant homes | 8.1% | 10.1% |
| Population | 11,810,293 | 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 $214,800 with 20% down costs about $1,480 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,838, 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 $63,427 for the 20%-down payment. That payment is 25% of the median Ohio household income of $71,389; at that income and 20% down, the 28% guideline points to a home of about $242,000.
The median rent here is $1,034 a month, so owning the median home costs about $446 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $42,960 |
|---|---|
| Loan amount | $171,840 |
| Principal and interest | $1,156 |
| Property taxes (1.31% a year) | $234 |
| Homeowners insurance (our estimate, 0.5% a year) | $90 |
| PMI | $0 |
| Total per month | $1,480 |
Change the numbers in the calculator
| Down payment | $7,518 |
|---|---|
| Loan amount | $210,909 |
| Principal and interest | $1,419 |
| Property taxes (1.31% a year) | $234 |
| Homeowners insurance (our estimate, 0.5% a year) | $90 |
| FHA mortgage insurance | $95 |
| Total per month | $1,838 |
Change the numbers in the calculator
Questions about home buying in Ohio
What is the median home value in Ohio?
About $214,800 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 $2,822 a year, which is about 1.31% 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 $1,480 a month. Keeping that under 28% of gross income takes about $63,427 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