Mortgage on a $150K house in Ohio
$1,035 a month with 20% down — $807 principal and interest plus $153 property tax and $75 insurance.
Ohio's typical property tax is 1.22% of the home's value a year (U.S. average 0.9%), which adds $153 a month on a $150K home. The typical home in Ohio is worth $245,982, so $150K is 39% below the typical price.
$150K home in Ohio: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $30,000 | $120,000 | $807 | $0 | $228 | $1,035 | $44,400 |
| 10% down | $15,000 | $135,000 | $908 | $56 | $228 | $1,192 | $51,100 |
| 5% down | $7,500 | $142,500 | $959 | $59 | $228 | $1,246 | $53,400 |
| 3.5% down (FHA) | $5,250 | $147,283 | $991 | $66 | $228 | $1,285 | $55,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.22% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Where in Ohio does $150K buy a typical home?
In these counties the typical home value is within 15% of $150K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Morgan County | $151,782 | 0.84% | $987 |
| Monroe County | $152,311 | 0.82% | $985 |
| Lawrence County | $146,838 | 0.84% | $988 |
| Jackson County | $145,771 | 0.9% | $995 |
| Harrison County | $144,245 | 1.05% | $1,014 |
| Scioto County | $144,147 | 1.06% | $1,014 |
| Crawford County | $161,149 | 1.19% | $1,031 |
| Columbiana County | $162,260 | 1.01% | $1,008 |
| Paulding County | $164,933 | 1.03% | $1,011 |
| Guernsey County | $167,065 | 1.01% | $1,009 |
| Belmont County | $132,616 | 0.95% | $1,001 |
| Pike County | $171,666 | 0.83% | $986 |
7 of 88 Ohio counties tracked by Zillow have a typical home value at or below $150K. See all Ohio home prices.
Other prices in Ohio
Frequently asked questions
What is the mortgage on a $150K house in Ohio?
About $1,035 a month with 20% down at 7.11%: $807 principal and interest, $153 property tax and $75 insurance.
How much do I need to make to buy a $150K house in Ohio?
About $44,400 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $150K house in Ohio?
At Ohio's typical effective rate of 1.22%, about $1,834 a year. Rates vary by county and city — see the county pages.