Mortgage on a $200K house in Ohio
$1,380 a month with 20% down — $1,076 principal and interest plus $204 property tax and $100 insurance.
Ohio's typical property tax is 1.22% of the home's value a year (U.S. average 0.9%), which adds $204 a month on a $200K home. The typical home in Ohio is worth $245,982, so $200K is 19% below the typical price.
$200K home in Ohio: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $40,000 | $160,000 | $1,076 | $0 | $304 | $1,380 | $59,100 |
| 10% down | $20,000 | $180,000 | $1,211 | $75 | $304 | $1,590 | $68,100 |
| 5% down | $10,000 | $190,000 | $1,278 | $79 | $304 | $1,661 | $71,200 |
| 3.5% down (FHA) | $7,000 | $196,378 | $1,321 | $88 | $304 | $1,713 | $73,400 |
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 $200K buy a typical home?
In these counties the typical home value is within 15% of $200K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Clark County | $199,692 | 1.19% | $1,374 |
| Highland County | $200,703 | 0.91% | $1,328 |
| Richland County | $198,720 | 1.25% | $1,385 |
| Ross County | $201,557 | 1% | $1,342 |
| Montgomery County | $202,892 | 1.73% | $1,464 |
| Carroll County | $203,750 | 0.94% | $1,333 |
| Huron County | $195,481 | 1.05% | $1,352 |
| Coshocton County | $191,924 | 0.95% | $1,334 |
| Wyandot County | $191,318 | 0.86% | $1,320 |
| Hardin County | $191,242 | 1.05% | $1,352 |
| Allen County | $190,690 | 1.12% | $1,363 |
| Noble County | $189,907 | 0.72% | $1,297 |
37 of 88 Ohio counties tracked by Zillow have a typical home value at or below $200K. See all Ohio home prices.
Other prices in Ohio
Frequently asked questions
What is the mortgage on a $200K house in Ohio?
About $1,380 a month with 20% down at 7.11%: $1,076 principal and interest, $204 property tax and $100 insurance.
How much do I need to make to buy a $200K house in Ohio?
About $59,100 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $200K house in Ohio?
At Ohio's typical effective rate of 1.22%, about $2,445 a year. Rates vary by county and city — see the county pages.