Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Ohio and Tennessee. Updated for 2026.
Metric
Ohio
Tennessee
Median Home Price
$215K
$340K
Property Tax Rate
1.56%
0.56%
Avg Closing Costs
$3K
$5K
Closing Cost %
1.4%
1.5%
Transfer Tax
0.4%
0.37%
Homeowners Insurance
$1,400/yr
$2,400/yr
First-Time Buyer Program
OHFA Grants for Grads
2.5% or 5% DPA
THDA Great Choice Home Loan
Up to $25,000 DPA
Verdict
Ohio wins 4 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $215K and lower overall costs, Ohio offers meaningful savings compared to Tennessee. Both states offer first-time buyer programs — explore the state pages for full details.