Ohio Mortgage Rates & Home Prices (2026)
Median price: $215,000 · Avg. rate: 6.87%
Ohio Market Overview
$215,000
Median Home Price
6.87%
Avg. 30-Yr Rate
1.56%
Property Tax Rate
66.8%
Homeownership Rate
Ohio is one of the most affordable states for homebuyers, with multiple metros offering housing under $200,000. OHFA provides competitive rates and 2.5-5% of the purchase price in DPA. Columbus and Cincinnati have the strongest appreciation trends.
Estimated Monthly Payment
Median home in Ohio (20% down, 30-yr fixed)
$1,498/mo
Principal & Interest$1,129
Property Taxes$280
Home Insurance (est.)$90
Total Monthly (PITI)$1,498
Based on a $215,000 home with 20% down ($172,000 loan) at 6.87%. Does not include PMI, HOA, or other fees.
First-Time Buyer Programs in Ohio
- OHFA First-Time Homebuyer Program
- MyOhioHome.org DPA
- Grants for Grads
Contact your state's Housing Finance Agency for current program availability and requirements.
Rate Comparison: OH Rates
30-Year Fixed6.87%
15-Year Fixed6.10%
5/1 ARM (est.)6.12%
FHA 30-Year6.72%
VA 30-Year6.62%
Rates are estimates based on state averages and may vary by lender and borrower qualifications.
Frequently Asked Questions
Key Stats: OH
FHA Loan Limit$472,030
Median Income$62,262
Cost Index0.85x