Mortgage Rates in Columbus, Ohio: 2026 Guide
30-year fixed: 7.32%. Median: $290,000.
Current Mortgage Rates in Columbus
| Loan Type | Rate | APR | Monthly* |
|---|---|---|---|
| 30-Year Fixed | 7.32% | 7.400% | $1,594/mo |
| 15-Year Fixed | 6.68% | 6.750% | $2,044/mo |
| 5/1 ARM | 6.46% | 6.810% | $1,460/mo |
Columbus Market Insights
Columbus is Ohio’s capital and fastest-growing major city, driven by the Ohio State University, insurance, and financial services sectors. The housing market has seen steady appreciation with a good mix of historic neighborhoods and new construction in the suburbs. The city’s diverse economy provides stable employment opportunities for residents.
Frequently Asked Questions
What is the average mortgage rate in Columbus?+
How much down payment is needed in Columbus?+
What are property taxes in Columbus?+
What a $290,000 Home Costs in Columbus
At Columbus's median home price of $290,000, a 20% down payment is $58,000. On a 30-year fixed loan at 7.32%, the monthly principal and interest payment works out to $1,594, and property taxes add roughly $295 per month at an effective rate of 1.22%. That puts the total PITI payment near $1,889 a month before homeowners insurance and HOA fees.
Keeping housing at or below 28% of gross income means a buyer in Columbus typically needs to earn about $80,957 a year to carry this payment comfortably.
Tax & Rate Context in Columbus
The effective property tax rate in Columbus is 1.22%, which works out to roughly $3,538 a year on a median-priced home.The 30-year fixed rate used here is the national Freddie Mac PMMS average of 7.32%. Local quotes move with credit score, down payment and lender, so compare at least three offers. Columbus has an estimated population of 905K, and demand in the local market affects how quickly homes move and how often sellers negotiate on price.