Mortgage on a $300K house in Ohio
$2,070 a month with 20% down — $1,614 principal and interest plus $306 property tax and $150 insurance.
Ohio's typical property tax is 1.22% of the home's value a year (U.S. average 0.9%), which adds $306 a month on a $300K home. The typical home in Ohio is worth $245,982, so $300K is 22% above the typical price.
$300K home in Ohio: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $60,000 | $240,000 | $1,614 | $0 | $456 | $2,070 | $88,700 |
| 10% down | $30,000 | $270,000 | $1,816 | $113 | $456 | $2,384 | $102,200 |
| 5% down | $15,000 | $285,000 | $1,917 | $119 | $456 | $2,492 | $106,800 |
| 3.5% down (FHA) | $10,500 | $294,566 | $1,982 | $133 | $456 | $2,570 | $110,100 |
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 $300K buy a typical home?
In these counties the typical home value is within 15% of $300K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Greene County | $300,208 | 1.61% | $2,168 |
| Franklin County | $292,001 | 1.47% | $2,132 |
| Knox County | $288,681 | 1.07% | $2,032 |
| Butler County | $313,302 | 1.22% | $2,068 |
| Morrow County | $286,534 | 1.06% | $2,030 |
| Hocking County | $284,239 | 0.99% | $2,013 |
| Portage County | $282,245 | 1.27% | $2,081 |
| Madison County | $320,250 | 1.02% | $2,018 |
| Mercer County | $275,628 | 1.1% | $2,040 |
| Ottawa County | $273,705 | 1.08% | $2,035 |
| Clermont County | $326,509 | 1.25% | $2,078 |
| Pickaway County | $327,922 | 1% | $2,014 |
75 of 88 Ohio counties tracked by Zillow have a typical home value at or below $300K. See all Ohio home prices.
Other prices in Ohio
Frequently asked questions
What is the mortgage on a $300K house in Ohio?
About $2,070 a month with 20% down at 7.11%: $1,614 principal and interest, $306 property tax and $150 insurance.
How much do I need to make to buy a $300K house in Ohio?
About $88,700 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $300K house in Ohio?
At Ohio's typical effective rate of 1.22%, about $3,668 a year. Rates vary by county and city — see the county pages.