Mortgage on a $350K house in Ohio
$2,415 a month with 20% down — $1,884 principal and interest plus $357 property tax and $175 insurance.
Ohio's typical property tax is 1.22% of the home's value a year (U.S. average 0.9%), which adds $357 a month on a $350K home. The typical home in Ohio is worth $245,982, so $350K is 42% above the typical price.
$350K home in Ohio: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $70,000 | $280,000 | $1,884 | $0 | $532 | $2,415 | $103,500 |
| 10% down | $35,000 | $315,000 | $2,119 | $131 | $532 | $2,782 | $119,200 |
| 5% down | $17,500 | $332,500 | $2,237 | $139 | $532 | $2,907 | $124,600 |
| 3.5% down (FHA) | $12,250 | $343,661 | $2,312 | $155 | $532 | $2,998 | $128,500 |
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 $350K buy a typical home?
In these counties the typical home value is within 15% of $350K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Medina County | $348,695 | 1.24% | $2,420 |
| Licking County | $340,409 | 1.22% | $2,415 |
| Fairfield County | $361,623 | 1.1% | $2,380 |
| Holmes County | $367,123 | 1.08% | $2,373 |
| Pickaway County | $327,922 | 1% | $2,350 |
| Clermont County | $326,509 | 1.25% | $2,424 |
| Madison County | $320,250 | 1.02% | $2,355 |
| Butler County | $313,302 | 1.22% | $2,413 |
| Geauga County | $398,271 | 1.38% | $2,461 |
| Greene County | $300,208 | 1.61% | $2,529 |
82 of 88 Ohio counties tracked by Zillow have a typical home value at or below $350K. See all Ohio home prices.
Other prices in Ohio
Frequently asked questions
What is the mortgage on a $350K house in Ohio?
About $2,415 a month with 20% down at 7.11%: $1,884 principal and interest, $357 property tax and $175 insurance.
How much do I need to make to buy a $350K house in Ohio?
About $103,500 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $350K house in Ohio?
At Ohio's typical effective rate of 1.22%, about $4,280 a year. Rates vary by county and city — see the county pages.