CALCMONEY // MORTGAGE // OH
Calculate your monthly mortgage payment using Ohio-specific property tax rates, current average interest rates, and local median home prices.
Open Full Calculator$215,000
6.95%
1.56%
0%–3.75%
How today's 6.95% rate compares to recent years
| Period | 30-Yr Rate | vs. Today |
|---|---|---|
| 2026 (current) | 6.95% | — |
| 2024 avg | 7.37% | -0.42% |
| 2023 avg | 7.80% | -0.85% |
| 2022 peak | 7.63% | -0.68% |
| 2021 avg | 3.55% | +3.40% |
| 2020 avg | 3.35% | +3.60% |
Rate estimates based on Freddie Mac Primary Mortgage Market Survey national averages adjusted for Ohio market conditions. Actual rates vary by lender and borrower profile.
| Principal & Interest | $1,139 |
| Property Tax | $280 |
| Homeowners Insurance (est.) | $72 |
| Total Monthly Payment (PITI) | $1,490 |
$43,000
$237,878
$63,845/yr
The median home price in Ohio is $215,000, 49% below the $420,000 national median. With a median household income of $61,000, the price-to-income ratio is 3.5x.
At a 1.56% average effective rate, Ohio property taxes add $280 to the monthly payment on the median home, $3,354 a year statewide.
Ohio levies a state income tax of 0%–3.75% on top of the $1,490/month this mortgage runs. Model your real after-tax take-home before deciding how much payment you can carry.
Beyond housing, Ohio's cost of living index sits at 90 (national average = 100), running below the national baseline for groceries, transportation, and healthcare.
Ohio's median home price runs almost identical to Louisiana, both landing close to $215,000.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $172,000 loan saves $7,740 in interest over 30 years.
Compare Top Ohio Mortgage Lenders