According to data from ClosingCorp, the average closing cost in Ohio is $3,319.45 after taxes, or approximately 1.66% to 3.32% of the final home sale price.
Closing cost stats in Ohio
Across the state, the average home sells for between $100,000 and $200,000. If you buy a property in that range, expect to pay between $1,659.73 and $6,638.90 in closing costs after taxes.
Data | Value |
---|---|
Average home sale price | $100,000 to $200,000 |
Average total closing cost | $3,319.45 |
Expected closing cost range | $1,659.73 to $6,638.90 |
Percentage of closing cost to home sale price | 1.66% to 3.32% |
How much does tax affect the closing cost?
Buyers and sellers in Ohio pay an average of $547.32 in tax combined for the closing. This accounts for 16.49% of the total average closing cost in Ohio.
Value | |
---|---|
Average tax paid | $547.32 |
Percentage of total closing cost | 16.49% |
Compare mortgage lenders
Compare top brands by home loan type, state availability and credit score. Select See rates to provide the lender with basic property and financial details for personalized rates.
Disclaimer: The partners on Finder's mortgage comparison tables are sorted in alphabetical order.
How do closing costs in Ohio compare nationally?
The closing costs for buying a home in Ohio are below the national average after accounting for taxes. It’s 20 in our rankings which rates states from lowest to highest closing cost.
Average total closing cost in Ohio | Ranking* | |
---|---|---|
Before taxes | $2,772.13 | 26 |
After taxes | $3,319.45 | 20 |
*Ranked from lowest to highest of the 50 states plus Washington DC
Bottom line
Closing costs are inevitable when you're buying or selling a property. The exact amount will vary depending on where the property is located in Ohio.
To save on your home loan, consider comparing the fees and rates of top lenders before signing.
More guides on Finder
-
9 ways to build emergency funds using a high-yield savings account (HYSA)
What you need to know about preparing for unexpected expenses.
-
How to roll over a 401(k) to an IRA
Key factors you should consider before rolling over your employer 401(k) to an IRA.
-
Methodology: Credit-building products
Here’s how we rate credit building accounts, covering what we look for in credit score requirements, fees, credit reporting practices, customer service APR and account features.
-
CreditStrong review
Credit Strong is a division of Austin Capital Bank and offers many credit-building loans to choose from, but they can be costly.
-
Experian Smart Money™ Digital Checking Account review
The credit bureau Experian has a free digital checking account that works with Experian Boost.
-
Is it too late to buy bitcoin?
Bitcoin’s price is hitting all-time highs. Did you miss the boat?
-
10 emergency loans for good and bad credit in 2024
Emergency payday loans can give you quick and easy access to funds. Compare your options and find a lender to help see you through.
-
Self credit builder review
Self offers rent and utility reporting, credit-building loans and more to help boost your credit score.
-
Kikoff Credit Building review
Kikoff offers several credit-building products, including a secured card with no monthly fee, no interest charges and a low minimum deposit.
-
Largest banks in the US in 2024
If the Capital One and Discover merger goes ahead, it will be the 6th biggest bank in the US.
Ask a Question