Ohio variant. This is a Ohio-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.
With a median home value of $220,000 and an effective property tax rate of 1.59%, a typical Ohio mortgage payment combines principal, interest, taxes, and insurance into a meaningfully different number than the sticker price suggests.
What drives a Ohio mortgage payment
On the $220,000 median home with 20% down ($44,000), you'd finance about $176,000. At an illustrative 6.5% 30-year fixed rate, the principal-and-interest payment is roughly $1,112/month.
Ohio's 1.59% effective property tax adds about $292/month, and homeowners insurance plus any PMI push the all-in payment higher still. Enter your real price, rate, and down payment above for an exact figure.
About taxes and housing in Ohio
Ohio levies a graduated income tax with a top marginal rate in the mid-3% range, and many municipalities add local income taxes.
Ohio's effective property tax rate is relatively high near 1.6%, while median home values remain affordable around $220,000.
Ohio's economy is diversified across manufacturing, healthcare, finance, and logistics, with major metros in Columbus, Cleveland, and Cincinnati.
Worked example: $220,000 home in Ohio
Price $220,000, 20% down ($44,000), loan $176,000 at 6.5% for 30 years → P&I ≈ $1,112/mo. Add property tax ≈ $292/mo (1.59% of value ÷ 12). Total before insurance ≈ $1,404/mo.
Quick reference
- State income tax: 2.75-3.5% across 2 brackets
- State sales tax: 5.75% (plus 1.49% avg local)
- Median home value: $220,000
- Median household income: $67,769
- Effective property tax rate: 1.59%
- Avg auto insurance: $1,023/yr
Frequently Asked Questions
How much is a mortgage on a $220,000 Ohio home?
With 20% down at 6.5% over 30 years, principal and interest run about $1,112/month, before Ohio's 1.59% property tax and insurance.
What is the property tax rate in Ohio?
Ohio's effective property tax rate is about 1.59% of home value per year.