Mortgage payment estimates, closing cost breakdowns, and homebuying data for Chillicothe, Ohio.
Median Home Price
$155K
Population
22K
Avg Monthly Rent
$820
Property Tax Rate
1.56% *
* Property tax shown is the Ohio state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Chillicothe.
Chillicothe vs Ohio Median
The median home price in Chillicothe is $155,000, which is 28% below the Ohio state median of $215,000.
Mortgage Calculator — Chillicothe, OH
Pre-filled with Chillicothe median home price and Ohio tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $155K home using Ohio's 1.56% tax rate and $1,400/yr insurance.
5% Down
$1,335/mo
Down: $7,750
Loan: $147K
P&I: $931
Tax: $202
Insurance: $117
PMI: $86
10% Down
$1,281/mo
Down: $15,500
Loan: $140K
P&I: $882
Tax: $202
Insurance: $117
PMI: $81
20% Down (No PMI)
$1,102/mo
Down: $31,000
Loan: $124K
P&I: $784
Tax: $202
Insurance: $117
Income needed (28% rule): $47K/year with 20% down, $55K/year with 10% down.
Rent vs Buy in Chillicothe
Rent
$820/mo
vs
Buy (10% down)
$1,281/mo
Price-to-rent ratio: 15.8 — A ratio between 15-20 means the rent vs buy decision in Chillicothe depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Chillicothe is $155,000, 28% below the Ohio state median of $215,000. With a population of 21,748, Chillicothe is a smaller market where home prices tend to be more accessible than in many parts of Ohio.
Property taxes in Ohio average 1.56% annually. This higher-than-average tax rate means a $155,000 home in Chillicothe would carry roughly $202/month in property taxes alone — plan accordingly. Homeowners insurance in Ohio runs approximately $1,400 per year. This is within the normal range nationally.
Average rent in Chillicothe is $820/month. The price-to-rent ratio in Chillicothe is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Chillicothe offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Ohio's OHFA Your Choice! Down Payment Assistance program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Chillicothe.