OH

Ohio Home Buying Guide

Midwest Region · Judicial Foreclosure State

Homestead Exemption

Key Facts at a Glance

Median Home Price
$225,000
Property Tax Rate
1.62%
Transfer Tax
0.10%
Attorney Required
No
Foreclosure Type
Judicial

What Makes Ohio Unique

OHFA Heroes program for teachers, nurses, first responders

Target Area Loans: no first-time buyer requirement in distressed areas

Homestead exemption reduces taxes for 65+ and disabled

First-Time Buyer Programs in Ohio

1

OHFA Ohio Heroes

Contact your state housing finance agency for current eligibility and rates

2

OHFA YourChoice!

Contact your state housing finance agency for current eligibility and rates

3

OHFA Target Area Loan

Contact your state housing finance agency for current eligibility and rates

Program availability, income limits, and interest rates change frequently. Verify current terms with your lender or state housing finance agency.

Closing Costs in Ohio

1%
Avg Closing Costs
of purchase price
$2,250
Estimated Closing Costs
on median-priced home
0.1%
Transfer Tax
may be split with seller

Attorney at Closing

Attorney Not Required

Ohio does not require an attorney at closing. A title company typically handles the transaction. Consider hiring one anyway for complex deals.

Local Tips for Ohio Buyers

1

Columbus market is one of the most competitive in the Midwest.

2

YourChoice! DPA offers 2.5% or 5% down payment assistance.

3

Judicial foreclosure in Ohio averages 12–18 months.

Estimated Annual Ownership Cost in Ohio

Based on the median home price of $225,000 with a 10% down payment and 7% mortgage rate.

Annual Mortgage Payment$16,160
Annual Property Taxes$3,645
Homeowners Insurance (est.)$1,125
Maintenance (est. 1%/yr)$2,250

Ready to Calculate Your Numbers?

Use our free calculators to estimate your monthly payment, affordability, and closing costs in Ohio.