Compare Cincinnati, OH mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Cincinnati.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Cincinnati. Plus, shopping lenders is free and there is no obligation.
December 1, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Cincinnati. Understand how much you need to earn to afford a home in Cincinnati, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Cincinnati fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Cincinnati is right for you.
The median home value for Cincinnati, OH (Hamilton County) is $212,618
Based on current mortgage rates and a 10% down payment, you need to make $34,837 per year to buy the median priced home in Cincinnati
With this income, you could qualify for a $191,356 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 Cincinnati is $807
The median household income for Cincinnati, OH (Hamilton County) is $65,066
Based on this income, you can afford a home valued at approximately $397,119
The home price you can afford to buy based on household income in Cincinnati is 187% of the median home value which means housing prices are average. Cincinnati (Hamilton County) ranks 79 out of 88 counties in Ohio and 2,005 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Cincinnati, OH is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Cincinnati (Hamilton County) below.
Conforming loan limits for Cincinnati, OH
FHA loan limits for Cincinnati, OH
VA loan limits for Cincinnati, OH