Ohio First-Time Homebuyer Guide
Everything you need to know about buying your first home in Ohio — from property taxes and insurance costs to down payment assistance programs that can save you thousands.
Key homebuying statistics for Ohio
Property Tax Rate
1.36%
Above national avg (1.10%)
Avg. Annual Insurance
$1,200
Below national avg ($1,700)
Closing Cost Estimate
3.00%
At national avg (3.00%)
Data last verified: February 2026. Found incorrect data? Email us .
What These Numbers Mean for You
On a $350,000 home in Ohio:
Annual property taxes
~$4,760
~$397/month
Annual homeowner's insurance
~$1,200
~$100/month
Estimated closing costs
~$10,500
Due at closing
These are estimates. Actual costs depend on your specific property, lender, and county. Use our calculators below for personalized estimates.
Buying a Home in Ohio
Ohio offers unique opportunities and challenges for first-time homebuyers. Understanding local costs is essential before you start house hunting, because property taxes, insurance, and closing costs vary significantly from state to state and can add hundreds of dollars to your monthly payment.
Keep in mind that Ohio's property tax rate of 1.36% is above the national average of 1.10%. Factor this into your monthly budget when determining how much home you can afford. On the insurance side, Ohio homeowners enjoy below-average premiums at $1,200/year.
As a first-time buyer, you likely qualify for one or more down payment assistance programs specific to Ohio. These programs can significantly reduce the upfront cash you need to purchase a home. Check the programs listed below and reach out to a local HUD-approved housing counselor for personalized guidance.
Ohio Down Payment Assistance Programs
OHFA Your Choice! Down Payment Assistance
Choose between 2.5% or 5% of the purchase price in assistance, either as a loan or a grant depending on income.
OHFA Grants for Grads
Down payment assistance of up to 5% of the purchase price for college graduates who purchased within 2 years of graduating.
Program details and eligibility requirements change. Visit each program's website for the most current information.
Try Our Calculators with Ohio Data
Mortgage Payment Calculator
Estimate your monthly payment including principal, interest, taxes, and insurance.
Affordability Calculator
Find out how much home you can afford based on your income and debts.
Down Payment Calculator
Explore down payment options and understand PMI costs.
Closing Costs Estimator
Get a breakdown of expected closing costs for your purchase.
Amortization Schedule
See how your loan balance decreases over time with each payment.