The latest MBA Mortgage Market Profile highlights important trends shaping Ohio’s housing and mortgage market.
Homeownership in Ohio stands at 71.4% as of Q2 2025, well above the national average of 65.0%. In 2024, more than 158,000 loans were originated totaling $38.9 billion, with an average loan size of $242,000—significantly lower than the national average of $369,000, reflecting the state’s affordability advantage.
Ohio home prices rose 5.25% year-over-year, outpacing the national gain of 2.93%. The median monthly principal and interest payment averaged $1,525 in Q2 2025, compared to the U.S. average of $2,190.
Government-backed purchase loans made up 23.6% of applications, slightly below the national share, while refinance activity accounted for 37.4% of total applications.
