Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Michigan and Ohio. Updated for 2026.
Metric
Michigan
Ohio
Median Home Price
$240K
$215K
Property Tax Rate
1.54%
1.56%
Avg Closing Costs
$4K
$3K
Closing Cost %
1.5%
1.4%
Transfer Tax
0.86%
0.4%
Homeowners Insurance
$1,800/yr
$1,400/yr
First-Time Buyer Program
MSHDA DPA
Up to $7,500 DPA
OHFA Grants for Grads
2.5% or 5% DPA
Verdict
Ohio wins 5 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $215K and lower overall costs, Ohio offers meaningful savings compared to Michigan. Both states offer first-time buyer programs — explore the state pages for full details.