Ohio Housing & Mortgage Data 2026
| Factor | Ohio Data |
|---|---|
| Average Property Tax Rate | 1.59% of assessed value/year |
| Property Tax on $400k Home | ~$6,360/year ($530/mo) |
| 30-Year Fixed Rate (2026 avg) | ~6.65% (varies by lender + credit) |
| State Income Tax | 2.75% |
| Sales Tax Rate | 5.75%+ |
Monthly Payment Estimate: Ohio
| Home Price | 20% Down | P&I (6.5%) | + Ohio Tax/mo | Total PITI est. |
|---|---|---|---|---|
| $300,000 | $60k | $1,517 | ~$398 | ~$2,028 |
| $400,000 | $80k | $2,025 | ~$530 | ~$2,705 |
| $500,000 | $100k | $2,528 | ~$663 | ~$3,379 |
| $600,000 | $120k | $3,034 | ~$795 | ~$4,054 |
| $750,000 | $150k | $3,791 | ~$994 | ~$5,066 |
P&I = Principal & Interest at 6.5% rate, 30-year fixed. PITI adds estimated Ohio property tax + homeowners insurance (~0.45% annually). PMI not included (assumes 20% down).
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Use the Free Calculator →Frequently Asked Questions
What is the property tax rate in Ohio?
Ohio's average effective property tax rate is 1.59% annually. On a $400,000 home, that's approximately $6,360/year or $530/month in taxes.
Is Ohio expensive to buy a home in?
Ohio's property tax rate of 1.59% is above the national average in the US. High property taxes significantly add to your monthly housing costs.
Related: PITI Calculator · PMI Calculator · Refinance Calculator