Mortgage payment estimates, closing cost breakdowns, and homebuying data for Cincinnati, Ohio.
Median Home Price
$225K
Population
309K
Avg Monthly Rent
$1,150
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 Cincinnati.
Cincinnati vs Ohio Median
The median home price in Cincinnati is $225,000, which is roughly in line with the Ohio state median of $215,000.
Mortgage Calculator — Cincinnati, OH
Pre-filled with Cincinnati median home price and Ohio tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $225K home using Ohio's 1.56% tax rate and $1,400/yr insurance.
5% Down
$1,885/mo
Down: $11,250
Loan: $214K
P&I: $1,351
Tax: $293
Insurance: $117
PMI: $125
10% Down
$1,807/mo
Down: $22,500
Loan: $203K
P&I: $1,280
Tax: $293
Insurance: $117
PMI: $118
20% Down (No PMI)
$1,547/mo
Down: $45,000
Loan: $180K
P&I: $1,138
Tax: $293
Insurance: $117
Income needed (28% rule): $66K/year with 20% down, $77K/year with 10% down.
Rent vs Buy in Cincinnati
Rent
$1,150/mo
vs
Buy (10% down)
$1,807/mo
Price-to-rent ratio: 16.3 — A ratio between 15-20 means the rent vs buy decision in Cincinnati 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 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 Your Choice! Down Payment Assistance program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Cincinnati.