Cost of Ownership · Ohio
The true cost of owning a home in Ohio
For a median $214,800 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
$1,631/mo
PITI + PMI
True monthly cost
$1,810/mo
everything, incl. upkeep
The gap
+$179/mo
what approval leaves out
Effective property-tax rate
1.31%
Avg. homeowners premium
$995/yr
NFIP flood claims on record
28,179
Closing costs in Ohio
Median closing costs and lender origination charges on real home-purchase loans in Ohio, from public CFPB HMDA data. Cells with fewer than 25 loans aren't shown.
Median total closing costs
$5,245
Typically $3,890–$7,957
Median origination charges
$2,090
Typically $1,270–$3,850
| Loan size | p25 | Median | p75 | Loans |
|---|---|---|---|---|
| All | $3,890 | $5,245 | $7,957 | 108,959 |
| All | $3,658 | $5,056 | $7,645 | 105,068 |
| < $250k | $3,673 | $4,828 | $6,976 | 57,862 |
| < $250k | $3,476 | $4,647 | $6,704 | 64,733 |
| $250k–$500k | $4,164 | $5,722 | $9,564 | 41,872 |
| $250k–$500k | $4,056 | $6,011 | $9,890 | 34,099 |
| $500k–$750k | $4,375 | $5,583 | $9,598 | 5,053 |
| $500k–$750k | $4,535 | $5,772 | $9,830 | 6,969 |
| > $750k | $5,440 | $6,880 | $10,312 | 2,256 |
| > $750k | $5,417 | $6,642 | $9,854 | 1,183 |
Compare your own Loan Estimate with the Loan Estimate Decoder, or see every state in the Fee & Rate Index.
Common questions about buying a home in Ohio
- What are the median closing costs in Ohio?
- Median total closing costs — lender and third-party charges — on a home-purchase loan in Ohio are about $5,245, from public CFPB HMDA data. Cells with fewer than 25 loans are suppressed.
- What is the effective property-tax rate in Ohio?
- The effective property-tax rate in Ohio is about 1.31%, from the Census American Community Survey (median real estate taxes divided by median home value).
- What does a median home cost to own each month in Ohio?
- A median $214,800 home in Ohio costs about $1,810 a month to own — principal, interest, property tax, insurance, PMI, and a maintenance reserve — versus a lender-approved payment of about $1,631. Every figure is from public data.
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.