How much house can I afford in Ohio?

All-in cost first, always. Estimate only — not a loan quote or pre-approval.

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Ohio at a glance

Median home price
$245,500
Typical closing costs
2%–4% of price
Transfer tax
0.1% of sale price, customarily paid by seller
Closing custom
escrow
Homestead exemption
Ohio's Homestead Exemption (ORC 323.152) exempts $25,000 of a home's true (market) value from property tax (applied via the county's assessment percentage, up to 35%, and effective tax rate) for owner-occupants who are age 65+, permanently and totally disabled, or the surviving spouse (age 59-65) of a person who previously qualified. Eligibility requires total household income at or below a threshold that is statutorily $30,000 but adjusted annually each September for GDP-deflator inflation and rounded to the nearest $100 — the actual current-year adjusted dollar threshold could not be confirmed on a live official page during this research pass; homeowners should confirm the current figure with their county auditor. Disabled veterans (and surviving spouses of public safety officers killed in the line of duty) receive a larger $50,000 exemption with no income limit. Requires an annual application with the county auditor.

First-time buyer / down payment assistance programs

  • OHFA Homebuyer Program (First-Time Homebuyer / FTHB Edge / Next Home)

    Ohio Housing Finance Agency's 30-year fixed-rate FHA, VA, USDA-RD, or conventional first mortgage, available to first-time homebuyers statewide (first-time requirement waived for veterans and buyers purchasing in an OHFA-designated target area, or under the Next Home non-first-time-buyer variant); subject to county-specific income and purchase-price limits.

  • OHFA Down Payment Assistance

    Forgivable down payment and closing cost assistance of 3% of the purchase price for conventional loans or 3.5% for government loans (FHA/VA/USDA); forgiven after 7 years of continued ownership/occupancy, fully repayable if the home is sold before then. Must be paired with an OHFA first mortgage.