The typical owner-occupied home in Oak Hill is worth about $94,600, 56% below the Ohio median of $214,800 and 72% below the national median of $332,700. Owners pay a median $1,105 a year in property taxes, about 1.17% of their home's value, lower than the Ohio rate of 1.31%. The median household earns $44,821 a year, so the median home costs 2.1 times the median income (3.0 times for Ohio). 67% of occupied homes here are lived in by their owners, and 37% of those owners still have a mortgage.
Oak Hill at a glance
| Oak Hill | Ohio | U.S. | |
|---|---|---|---|
| Median home value | $94,600 | $214,800 | $332,700 |
| Median property tax paid per year | $1,105 | $2,822 | $3,119 |
| Property tax as a share of value | 1.17% | 1.31% | 0.94% |
| Median household income | $44,821 | $71,389 | $80,734 |
| Homes lived in by their owners | 67% | 67% | 65% |
| Owner homes with a mortgage | 37% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $930 | $1,517 | $1,963 |
| Those costs as a share of the owners' income | 17.4% | 18.6% | 21.0% |
| Median rent | $795 | $1,034 | $1,413 |
| Rent as a share of renters' income | 29.6% | 28.3% | 30.6% |
| Median year homes were built | 1957 | 1970 | 1980 |
| Vacant homes | 7.7% | 8.1% | 10.1% |
| Population | 1,545 | 11,810,293 | 334,922,499 |
What a typical home costs per month in Oak Hill
At this week's average 30-year rate of 7.11%, buying the median Oak Hill home of $94,600 with 20% down costs about $641 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $798, 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 $27,461 for the 20%-down payment. That payment is 17% of the median Oak Hill household income of $44,821; at that income and 20% down, the 28% guideline points to a home of about $154,000.
The median rent here is $795 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $18,920 |
|---|---|
| Loan amount | $75,680 |
| Principal and interest | $509 |
| Property taxes (1.17% a year) | $92 |
| Homeowners insurance (our estimate, 0.5% a year) | $39 |
| PMI | $0 |
| Total per month | $641 |
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| Down payment | $3,311 |
|---|---|
| Loan amount | $92,887 |
| Principal and interest | $625 |
| Property taxes (1.17% a year) | $92 |
| Homeowners insurance (our estimate, 0.5% a year) | $39 |
| FHA mortgage insurance | $42 |
| Total per month | $798 |
Change the numbers in the calculator
Questions about home buying in Oak Hill
What is the median home value in Oak Hill?
About $94,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Oak Hill?
Homeowners pay a median $1,105 a year, which is about 1.17% 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 Oak Hill?
For the median home with 20% down at 7.11%, the payment is about $641 a month. Keeping that under 28% of gross income takes about $27,461 a year.
More about Oak Hill
- Mortgage Refinance in Oak Hill
- Debt Relief in Oak Hill
- Home Equity Loans in Oak Hill
- 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