CALCMONEY // MORTGAGE // OH // CINCINNATI
Calculate your monthly mortgage payment using Cincinnati-specific property tax rates and local market data.
$240,000
6.95%
1.6%
88
| Principal & Interest | $1,271 |
| Property Tax | $320 |
| Homeowners Insurance (est.) | $80 |
| Total Monthly Payment (PITI) | $1,671 |
$48,000
$265,538
$71,612/yr
The median home price in Cincinnati is $240,000, below the national median of $420,000. With a median household income of $58,000, the price-to-income ratio is 4.1x — meaning buyers typically spend 4.1 years of gross income on the purchase price.
Property taxes in Cincinnati run 1.6% of assessed value. On the median home, that is $3,840 per year, or $320 per month added to your mortgage payment. This is significantly above the national average of 1.1%, making property taxes a major factor in your total housing cost.
Ohio has a state income tax. Factor your take-home pay into how much mortgage you can comfortably carry each month.
The cost of living index in Cincinnati is 88 (national average = 100). Beyond housing, your everyday expenses will also run below the national average.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $192,000 loan saves $8,640 in interest over 30 years.
Compare Top Cincinnati Mortgage LendersNeighborhood-level data for 4 ZIP codes in Cincinnati. Rates, home prices, and estimated payments vary by area.