Mortgage payment estimates, closing cost breakdowns, and homebuying data for Cincinnati, Ohio.
Pre-filled with Cincinnati median home price and Ohio tax/insurance rates. Adjust for your property.
Estimated closing costs based on Ohio rates and fees applied to Cincinnati prices.
The median home price in Cincinnati is $225,000, roughly in line with the Ohio state median of $215,000. With a population of 309,317, Cincinnati is a mid-size city where home prices reflect strong demand and local economic factors.
Property taxes in Ohio average 1.56% annually. This higher-than-average tax rate means a $225,000 home in Cincinnati would carry roughly $293/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 Cincinnati is $1,150/month. The price-to-rent ratio in Cincinnati is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Cincinnati offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Ohio's OHFA Grants for Grads program.