Cost of Ownership · Ohio
The true cost of owning a home in Ohio
For a median $199,200 home in Ohio, here is the full monthly cost — not just the mortgage. Built from public data: the state's median home value and effective property-tax rate, its average homeowners premium, and the current 30-year rate. This is a representative example, not a quote.
Lender-approved payment
$1,509/mo
PITI + PMI
True monthly cost
$1,675/mo
everything, incl. upkeep
The gap
+$166/mo
what approval leaves out
Effective property-tax rate
1.36%
Avg. homeowners premium
$995/yr
NFIP flood claims on record
28,179
These figures use Ohio’s median home value and a 10% down payment as a representative example. Your price, rate, and county rate will differ — run your own numbers in the True Cost tool, see how Ohio ranks on property tax and insurance, or browse every state.