Mortgage payment estimates, closing cost breakdowns, and first-time buyer programs for Ohio homebuyers.
Pre-filled with Ohio medians. Adjust for your property.
Estimated closing costs based on Ohio tax rates and fees.
The median home price in Ohio is $215,000, with property taxes averaging 1.56% annually. Ohio's property tax rate is well above the national average of ~1.1%, adding significant cost to monthly payments — budget carefully.
Closing costs in Ohio average $3K (1.4%% of purchase price). The state charges a 0.4% transfer tax on real estate transactions, which modestly adds to closing costs. Homeowners insurance runs approximately $1,400 per year. This is within the normal range nationally.
Ohio offers the OHFA Grants for Grads for first-time buyers: 2.5% or 5% DPA. Contact your state housing finance agency or a HUD-approved housing counselor for eligibility details and application steps.
Ohio offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with state assistance programs.