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Ohio

Current Ohio Mortgage Rates

Compare mortgage rates and closing costs for leading lenders in Ohio. Review free, personalized mortgage rates for Ohio based on your specifc loan amount, program and other factors. Easily compare APRs, fees and monthly payments to find the lender offering the best mortgage terms.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Ohio. Plus, shopping lenders is free and there is no obligation.

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Mortgage Rates for Ohio as of January 21, 2020
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.
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How Do Today's Ohio Mortgage Rates Compare?

January 21, 2020

The current average rate for a 30 year fixed rate mortgage in Ohio is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Today's
Ohio Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Ohio?

Below we offer valuable insights on the housing market and real estate prices in Ohio. Understand how much you need to make to buy a house in Ohio, including the mortgage you need. Review the monthy loan payment so you can determine if home ownership in Ohio is affordable for you. We provide this helpful information to help you decide if living in Ohio is right for you.

The median home value for Ohio is $166,059

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Ohio is $29,886

With this income, you could qualify for a $149,454 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Ohio is $692

The median household income for Ohio is $56,549

Based on this income, you can afford a home valued at approximately $314,208

The home price you can afford to buy based on household income in Ohio is 189% of the median home value which means housing prices are super affordable. Ohio ranks 8 out of 50 states for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the real estate market in Ohio is super affordable

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Additional Mortgage Resources for Ohio Residents

Mortgage Rates for Ohio Cities

Akron Mortgage Rates

Bowling Green Mortgage Rates

Canton Mortgage Rates

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Dayton Mortgage Rates

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Hamilton Mortgage Rates

Kent Mortgage Rates

Lancaster Mortgage Rates

Lima Mortgage Rates

Lorain Mortgage Rates

Mansfield Mortgage Rates

Mason Mortgage Rates

Medina Mortgage Rates

Mentor Mortgage Rates

Miami Mortgage Rates

Milford Mortgage Rates

Newark Mortgage Rates

Springfield Mortgage Rates

Toledo Mortgage Rates

Warren Mortgage Rates

Wayne Mortgage Rates

Xenia Mortgage Rates

Youngstown Mortgage Rates