With a 3.5% top income tax rate and 1.53% property tax, Ohio homeowners face a moderate combined tax burden. This calculator is pre-filled with Ohio numbers: $225,000 median price, 1.53% property tax, $1,200/year insurance.
Last updated: March 13, 2026
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Monthly Payment (Ohio)$0
Loan Details — Ohio
Ohio median: $225,000
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Below 20% triggers PMI on conventional loans
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Average 30-year fixed ~6.75% (March 2026)
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Ohio average: 1.53%
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Ohio average: $1,200/yr
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Property Tax
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Insurance
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PMI
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Ohio Metro Area Home Prices
Click a metro to load its median price into the calculator above.
Yearly Amortization Schedule+
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Ohio's Tax Landscape and Your Mortgage
Ohio uses a progressive income tax with a top rate of 3.5%. A household earning $150,000 pays an estimated $3,413-$4,463 in state income tax, depending on filing status and deductions. That's $328/month less available for housing costs.
At the state's median home price of $225,000, the $1.53% property tax rate adds $287/month to your mortgage payment. That's $3,443/year — well above the national median of ~1.1%.
Property Taxes Across Ohio
The 1.53% statewide average masks significant variation. High property taxes (6th highest nationally) but very affordable home prices
Price ranges across the state: Columbus has a median of $295,000, while Dayton sits at $195,000 — a $100,000 gap that dramatically changes your monthly payment. At $1.53% property tax, that price difference alone means $128/month more in property tax in Columbus.
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Homebuyer Programs and Exemptions
Ohio offers several programs for homebuyers:
OHFA First-Time Homebuyer program with competitive rates
Down payment assistance up to 5% of purchase price
Homestead exemption: Homestead exemption of $26,200 in assessed value for seniors 65+ and permanently disabled (regardless of income since 2023)
Ohio-Specific Considerations
High property taxes (6th highest nationally) but very affordable home prices
Many cities levy local income taxes (1-2.5%) — Cleveland, Columbus, Cincinnati all have city income tax
Combined state + local income tax can reach 5-6% in major cities
Very affordable housing market — some of the best price-to-income ratios in the nation
Property tax rates vary significantly by county and school district — Cuyahoga County (Cleveland) ~2.2% vs Butler County ~1.4%
Compare Ohio Mortgage Rates
See personalized rates from Ohio lenders. LendingTree matches you with up to 5 offers so you can compare and save.
0.39% property tax, 5% top rate. Median home: $232,500.
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1.04% property tax, no income tax. Median home: $340,000.
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0.62% property tax, 2.5% top rate. Median home: $395,000.
Frequently Asked Questions
What is the average property tax rate in Ohio?
The average effective property tax rate in Ohio is 1.53%. On a $225,000 home (the state median), that works out to approximately $3,443/year or $287/month added to your mortgage payment. Property tax rates vary by county and school district within Ohio — always check your specific jurisdiction's rate. Homestead exemption: Homestead exemption of $26,200 in assessed value for seniors 65+ and permanently disabled (regardless of income since 2023)
How much does homeowners insurance cost in Ohio?
The average annual homeowners insurance premium in Ohio is approximately $1,200 ($100/month). This is near the national average of approximately $1,500/year. Actual premiums depend on your home's location, age, construction type, and coverage limits.
What first-time homebuyer programs are available in Ohio?
OHFA First-Time Homebuyer program with competitive rates. Down payment assistance up to 5% of purchase price. These programs typically have income limits, purchase price caps, and may require homebuyer education courses. Check the Ohio housing finance agency website for current eligibility requirements and application deadlines.
How does Ohio's 3.5% income tax affect home affordability?
Ohio's top income tax rate of 3.5% reduces your take-home pay, which affects how much mortgage you can comfortably carry. On a $150,000 salary, state income tax takes roughly $3,413-$4,463/year (effective rate is lower than the top marginal rate). Combined with 1.53% property tax, the total tax burden in Ohio is above average. Use our paycheck calculator to see your exact take-home pay.
What is the conforming loan limit in Ohio?
The 2026 conforming loan limit in Ohio is $806,500. Loans above this amount are considered jumbo loans and typically carry higher interest rates (0.25-0.5% premium), require larger down payments (10-20%), and have stricter qualification requirements including higher credit scores (700+) and lower debt-to-income ratios.
This calculator is for educational purposes. Tax rates and insurance costs are based on Ohio state averages and may not reflect your specific county, school district, or municipality. Consult a financial professional for advice specific to your situation.