How to buy a home in Ohio

Ohio is a state where people start their next chapter, from first-time home buyers to those relocating for work or seeking a new beginning in the Midwest. With growing cities like Columbus, the peaceful countryside, and a lower cost of living than many coastal states, it’s easy to see why Ohio appeals to a wide range of homeowners.

Although Ohio’s housing market can feel competitive in certain areas, it doesn’t have to slow you down. With the right planning and direction, you can buy a home here with confidence. This guide breaks down what to expect, what options are available, and how to navigate Ohio’s home buying journey with ease.

A quick glance at Ohio’s housing market

The Ohio housing market remains competitive, with home prices rising faster than the national average. Here’s a look at the Ohio housing market as of October 2025:

Important Ohio real estate market trends

Ohio’s housing market is influenced by growing buyer demand, expanding inventory, and home prices well below the national median. Here’s what’s driving these trends and how they could affect you.

Home prices

Ohio’s median home price is $265,100, around 40% lower than the national median of $439,917. Home prices have been rising steadily, up 7.2% over the past year, driven by several factors:

• Location: Prices are higher in urban areas such as Avon Lake, Shaker Heights, and Mentor, while smaller towns and rural areas tend to be more affordable.
• Property characteristics: Size, age, condition, and amenities all influence cost.
• Construction and land costs: New construction prices can increase due to material and labor costs, and limited desirable land.
• State and local housing regulations: Zoning rules and other regulations can restrict supply and contribute to higher prices.

Even with Ohio’s generally lower cost of living compared with coastal states, affordability can still be a concern in high-demand metros.

Housing demand vs. inventory

Ohio’s strong job market, affordable cost of living, and buzzing cities attract new residents, increasing housing demand. Areas like Hunting Valley, Bentleyville, and Gates Mills are seeing some of the fastest price growth in the state. In fact, 26.5% of homes in Ohio sold above list price in October 2025.

There’s encouraging news for buyers: Ohio’s housing inventory is up 9.9% year over year, higher than the national 8.5% increase. This gives buyers a bit more breathing room in a competitive market. The state is also investing in housing initiatives and updating building codes to help expand options for residents.

With so many factors influencing the market, working with a knowledgeable, local real estate agent can help you navigate Ohio’s housing landscape.

Home buying seasons

In Ohio, the best time to buy a home is typically spring and summer. During these months, more listings come on the market, but competition can be higher, especially in June when prices peak and bidding wars are more common. Being ready to act quickly during this period can give you the upper hand.

Buying in fall or winter is a different buying experience. You might encounter fewer homes for sale, but you can often benefit from less competition, more negotiating power, and a slower pace.

Top places to buy a home in Ohio

When considering where to live in Ohio, think about your budget, career and educational needs, and lifestyle needs.

Columbus

Columbus is Ohio’s capital and largest city, known for its culinary landscape, award-winning attractions, and strong job market. With major employers in education, health care, technology, and finance, the city attracts a range of professionals and first-time buyers. Housing in Columbus is more affordable than in other U.S. metros, though competition can be stronger in popular neighborhoods and nearby suburbs like Dublin, Westerville, and New Albany.

• Population: 905,748
• Median household income: $67,084
• Median home price: $279,950

Cleveland

Cleveland sits along the southern shore of Lake Erie and is known for its art accomplishments, historic neighborhoods, and growing health care and manufacturing sectors. Residents are often drawn to the city's affordable housing, waterfront amenities, and professional sports. Nearby suburbs like Lakewood, Shaker Heights, and Parma are walkable and quieter residential neighborhoods.

• Population: 372,624
• Median household income: $43,383
• Median home price: $134,500

Cincinnati

Cincinnati is located along the Ohio River. Known for its historic architecture, arts scene, and strong presence of employers across consumer goods, health care, and finance, the city appeals to professionals seeking urban living at more accessible price points. Nearby suburbs such as Hyde Park, Mason, and Blue Ash offer a range of housing options, from walkable districts to family-friendly communities.

• Population: 309,317
• Median household income: $56,910
• Median home price: $269,000

Toledo

Located west of Lake Erie, Toledo is known for its manufacturing roots, growing health care sector, and artistic community. The city attracts buyers looking for affordable housing with access to urban amenities. Nearby suburbs such as Maumee, Perrysburg, and Sylvania offer friendly neighborhoods and a blend of historic and newer homes.

• Population: 270,871
• Median household income: $50,562
• Median home price: $148,000

Akron

Akron, located along the Cuyahoga River, is known for its historic rubber industry and arts and recreation scene. The city draws buyers seeking affordable housing, a strong community, and easy access to outdoor activities. Nearby suburbs include Fairlawn, Cuyahoga Falls, and Stow.

• Population: 190,469
• Median household income: $48,521
• Median home price: $145,000

Dayton

Dayton, located in western Ohio, is known as the birthplace of aviation. The city attracts tech and manufacturing professionals, as well as buyers seeking affordable housing with convenient access to schools and amenities. Nearby suburbs such as Kettering, Beavercreek, and Centerville offer family-friendly neighborhoods and a variety of home styles.

• Population: 137,644
• Median household income: $45,846
• Median home price: $155,000

How to buy a home in Ohio: Step-by-step

A clear roadmap is important when navigating the home buying process. These are the steps to buying a home in Ohio.

1. Prepare your finances

The path to homeownership in Ohio starts with a clear understanding of your finances. Here are the key steps to get your finances ready:

• Review your budget and explore mortgage payment options in different Ohio cities using a mortgage calculator from Rocket Mortgage®.
• Check your credit score.
• Understand your debt-to-income ratio (DTI).
• Start saving early for a down payment.
• Plan ahead for closing costs.

2. Explore mortgage options

When buying a home in Ohio, you’ll have several mortgage types to consider:

• Conventional loans: Not government-backed, typically requiring a credit score of at least 620 and a down payment as low as 3%. Private mortgage insurance is needed if your down payment is under 20%.
• Jumbo loans: Conventional loans that exceed FHFA conforming limits. Lenders set requirements, but a credit score over 700 is usually required.
• FHA loans: Popular with first-time buyers, these government-backed loans from the Federal Housing Administration typically allow lower credit scores depending on your down payment.
• VA loans: Available to eligible veterans, active-duty military, and surviving spouses, with no down payment required.
• USDA loans: Targeted at low- to moderate-income buyers in eligible rural areas, often requiring no down payment.

You might also qualify for Ohio-specific assistance programs, such as the Ohio Housing Finance Agency (OHFA) First-Time Homebuyer Program, which can offer down payment and closing cost help.

3. Get preapproved

In Ohio’s active housing market, getting preapproved for a mortgage is an important early step. Preapproval helps clarify how much you can afford and what your mortgage rate could look like. It also makes your offer more competitive by showing sellers you’re financially prepared, while giving you a clear budget to guide your home search.

4. Find a reputable Ohio real estate agent

A knowledgeable real estate agent can be valuable when buying a home in Ohio. Your agent can help you navigate local markets, understand the home buying process, and offer insight into pricing trends, regulations, property rights, and neighborhood values. Platforms like Redfin can be helpful for finding an agent.

In Ohio, dual agency, meaning one agent may represent both the buyer and the seller, is legal but heavily regulated. In these cases, the agent must disclose the arrangement and obtain written consent from both parties before moving forward.

5. Start shopping for homes in Ohio

At this point, it’s time to start house hunting. Work with your real estate agent to explore Ohio cities and towns that fit your long-term goals and lifestyle. Browse the latest listings on sites like Redfin or the MLS to see what’s currently available.

Attend open houses, both virtually and in person, to get a true feel for the home and neighborhood.

As you search, keep these factors in mind:

• Education and job opportunities
• Transportation options like public transit and major roadways
• Recreation and amenities such as parks, shopping, and restaurants
• Homeowners association fees if applicable
• Property taxes

6. Make an offer and negotiate

Once you’ve found a home, the next step is to make an offer. In Ohio, this is usually done through a formal purchase and sale agreement that details the offer amount, earnest money, contingencies, and a proposed closing schedule.

Ohio is a seller-disclosure state, meaning sellers must disclose known material defects that affect the property’s condition or value, but they are not required to reveal every fact or anticipate a buyer’s specific plans. The state does not require buyers or sellers to work with a real estate attorney, though some choose to do so; your agent will guide most of the process.

Most buyers include contingencies to protect themselves, such as a home inspection contingency. This allows you to evaluate the property with a licensed inspector and request repairs or credits if issues arise.

7. Proceed to close on your Ohio home

Closing is the final phase of the home buying process. You’ll finalize your mortgage, secure homeowners insurance, complete a title search, and pay your closing costs. In Ohio, these costs typically range from 2% to 5% of the purchase price and may include loan origination fees, appraisal fees, title insurance, escrow fees, recording fees, and prepaid items like property taxes and insurance.

After all documents are signed and transferred, you’ll receive your keys and officially become an Ohio homeowner.

FAQ about buying a home in Ohio

Here are some of the most common questions people ask when buying a home in Ohio.

Can I buy a house in Ohio if I have bad credit?

Yes, it is possible to buy a home with bad credit in Ohio. Programs such as FHA loans can help, though you may face higher interest rates or need a larger down payment.

Is buying a home in Ohio a good investment?

Ohio’s affordable housing, growing job markets in cities like Columbus, Cincinnati, and Cleveland, and steady population trends make buying a home in Ohio a solid investment.

What salary do I need to afford a house in Ohio?

To afford a median-priced home in Ohio, you would need an annual salary of about $72,312, depending on current market conditions and other personal factors.

How much are property taxes in Ohio?

On average, Ohio property taxes are 1.36%. However, these vary by local jurisdiction.

How long does it take to buy a house in Ohio?

It typically takes about 30 to 60 days once your offer is accepted. This can vary based on housing market conditions and loan type.

Are there any Ohio specific factors that could affect the home buying process?

Several factors unique to Ohio can influence the home buying process. Property taxes vary by county, so understanding local rates is key. Buyers should also consider regional climate, including cold winters and humid summers, which can affect inspections, energy costs, and home maintenance.

In more rural areas, access to water, septic systems, and longer distances to schools or amenities can impact financing options, inspections, and overall timelines.

The bottom line: The Buckeye State has a home for you

While prices are rising and competition can be strong, being financially prepared and working with a knowledgeable local agent are key to buying a home in Ohio. With affordable housing, growing job markets, and buzzing cities alongside scenic countryside, Ohio is an ideal place to call home.

If you’re ready to start your next chapter in Ohio, apply for a mortgage with Rocket Mortgage.

The 3% down payment option is only available on certain conventional loan products and is not available in all states. Additional terms and conditions may apply.