The typical home in Cincinnati, OH is worth about $270,000.
With 20% down that's a loan near $216,000 — the calculator
is pre-filled with that figure. Cincinnati is one of the more affordable large metros, with a median household reasonably close to affording a median home. Ohio property tax rates are on the high side, so the tax line is a meaningful part of the payment.
$1,402.41 / month
Total interest
$288,865
Total paid
$504,865
Payoff
30.0 years
How much you need to earn
Cincinnati, OH's median household income is about
$70,000 a year. Under standard 28/36
lending rules that supports a home price around
$236,900 with 20% down —
below the $270,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.
Typical asking rent in Cincinnati, OH is about $1,350 a month, so owning the median home costs roughly
$498 more per month before tax
effects, maintenance, and any change in home value.
Frequently asked questions
What is a typical mortgage payment in Cincinnati, OH?
On the metro's roughly $270,000 typical home with 20% down, the loan is about $216,000. Principal and interest run near $1,402 a month at today's rate, and Cincinnati, OH's property tax plus insurance add about $446, for a full payment near $1,848.
Can I afford a home in Cincinnati, OH on the median income?
The median household income is about $70,000 a year. Under standard 28/36 lending rules that supports a home price around $236,900 with 20% down — below the $270,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Cincinnati, OH?
Typical asking rent is about $1,350 a month. The full owner payment on a median home is near $1,848, so owning costs roughly $498 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Cincinnati, OH?
The effective property tax rate in the core county is about 1.50% of market value — roughly $4,050 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Cincinnati, OH rising or falling?
Home values are up about 6% over the past year. Cincinnati is one of the more affordable large metros, with a median household reasonably close to affording a median home. Ohio property tax rates are on the high side, so the tax line is a meaningful part of the payment.