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Current home values in Ohio

Home values have been rising throughout Ohio and are up 5.37% from a year ago.

Statewide, the median value for a single-family home — meaning half are worth more, half are worth less — is currently $141,400 , Zillow says.

Could you afford that? Let's say you want to buy that mid-priced home using a 30-year fixed-rate mortgage at this week's average interest rate, which is a low 3.69%, says mortgage company Freddie Mac.

With the 30-year mortgage rate at 3.69% and the median home value for Ohio at $141,400 , a representative monthly mortgage payment would be $650.04.

How the Ohio housing market stacks up

Condos and apartments overlooking the Ohio River in Cincinnati
RobertDunn / Shutterstock
Condos and apartments overlooking the Ohio River in Cincinnati.

Property values in Ohio are high by historical standards and are lower than what the typical house is worth nationwide.

The median home value throughout the U.S. is $229,600, which is up 4.88% from a year ago.

Zillow predicts U.S. home values will rise 2.2% over the next year, while in Ohio, they're expected to rise 1.86%.

Homes are going on the market in Ohio at a median price of $98 per square foot, versus $155 per square foot nationwide.

Are you looking to buy? Take a look at today's best mortgage rates where you live.

Ohio home prices over the last 10 years

Year Avg. Price
2019* $141,050
2018 $134,242
2017 $126,025
2016 $118,350
2015 $113,108
2014 $108,917
2013 $105,183
2012 $103,117
2011 $104,208
2010 $109,475
2009 $111,767

*2019 price average through August 2019.

How much for an average-sized home?

Here's what a 2,500-square-foot home in Ohio is worth now, and how that's changed over the last decade, based on the Zillow Home Value Index.

Year Avg. Price
2019* $245,000
2018 $232,500
2017 $217,500
2016 $202,500
2015 $192,500
2014 $185,000
2013 $180,000
2012 $177,500
2011 $177,500
2010 $190,000
2009 $190,000

*2019 price average through August 2019.