Columbus, OH variant. This is a Columbus, OH-specific version of the Mortgage Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Mortgage Calculator.
Columbus's $235,000 median home and 1.62% property tax make for a distinctive mortgage payment. High-cost metros front-load the principal-and-interest portion.
Mortgage payment in Columbus
On the $235,000 median home with 20% down ($47,000), you'd finance $188,000. At 6.5% over 30 years, P&I ≈ $1,188/month.
Add Columbus's 1.62% property tax (≈ $317/month) plus insurance for the all-in payment.
About Columbus, OH
Columbus imposes a municipal income tax on wages earned in the city, in addition to Ohio state income tax.
Columbus offers affordable home prices and rents relative to many large cities, supporting accessible homeownership.
Columbus's economy is anchored by its role as the Ohio state capital, a major public university, and growing insurance, finance, and technology sectors.
Worked example: $235,000 Columbus home
Loan $188,000 at 6.5% for 30 years → $1,188/mo P&I. Property tax ≈ $317/mo. Total before insurance ≈ $1,506/mo.
Quick reference
- Median home value: $235,000
- Median rent: $1,450/mo
- Median household income: $62,994
- Local sales tax: 7.5%
- City income tax: 2.5%
- Effective property tax rate: 1.62%
- Cost of living index: 91 (US avg = 100)
Frequently Asked Questions
How much is a mortgage in Columbus?
About $1,188/month P&I on the $235,000 median home with 20% down at 6.5%.
What is the property tax rate in Columbus?
About 1.62% of home value per year.