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Ohio
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How Much Will Your Mortgage Be in Ohio?
Ohio, The Buckeye State, has one of the healthiest housing markets in the United States. A steady increase in property can be seen through all Ohio counties with Ohio homeowners spending less than 19% of their monthly income on housing.
Home to a considerable number of industries and scenic property, Ohio has seen a spike in homeownership over the recent years. Also, see FHA Loan in Ohio for details and requirements for a home in the state.
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Ohio Home and Mortgage
Stats to Know
County | Avg. Home Price | Avg. Days on Market |
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Source of Info PropertyPath
Factors That Can Affect Your Ohio Mortgage Calculations
Ohio Job Statistics to Consider
Ohio has a thriving manufacturing industry, known for producing rubber, plastics, fabricated metals and more. According to the U.S. Bureau of Economic Analysis, Ohio’s GDP in 2018 reached $765 billion. Ohio is also one of the leading export states for motor vehicles and machinery. Big-name companies such as Whirlpool, Ford, and General Electric all have a strong presence in the state. There are several Fortune 500 countries with headquarters in Ohio and the state holds a lot of its employment in major companies such as Cardinal Health, Kroger, Marathon Petroleum, and Progressive.
The unemployment rate in Ohio is slightly higher than the national rate of 3.9%. In 2022, it was reported as 4.1% by the U.S. Bureau of Labor Statistics.