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Cincinnati Mortgage Rates Today

Get a Lower rate in Cincinnati whether you're buying, looking to get cash out of your home or lower your monthly mortgage payment.

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Cincinnati, Ohio skyline.

Current Mortgage Rates in Cincinnati

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Cincinnati housing market at a glance

September 2026 data

In Cincinnati, homes are selling in about 43 days (7 slower than a year ago), sales are up 4.7% from last year, and about 25% of listings have had a price cut.

Median sale price
$299,900
$182 per sq. ft.
Homes sold
1,890
▲ 4.7% vs. 1,806 last year
Days on market
43
vs. 36 days last year
Homes for sale
2,162
225 new listings
Listings with a price cut
25%
532 of 2,162 listings

Source: Movoto Cincinnati, OH market trends, September 2026. Last updated October 5, 2026.

What it costs to buy a home in Cincinnati

Monthly payments on Cincinnati's median home price of $299,900 (September 2026), at today's rates.

20% down · Conventional
$2,197/mo
Down payment
$59,980
Loan amount
$239,920
Rate
7.125%
Principal & interest
$1,616
Est. property tax
$390
Est. homeowners insurance
$191
5% down · Conventional
$2,500/mo
Down payment
$14,995
Loan amount
$284,905
Rate
7.125%
Principal & interest
$1,919
Est. property tax
$390
Est. homeowners insurance
$191
3.5% down · FHA
$2,515/mo
Down payment
$10,497
Loan amount
$294,468
Rate
6.875%
Principal & interest
$1,934
Est. property tax
$390
Est. homeowners insurance
$191

Payments include principal, interest, estimated Cincinnati property taxes, and estimated homeowners insurance. They do not include mortgage insurance (PMI or FHA monthly MIP), which applies with less than 20% down, or HOA dues. The FHA loan amount includes the 1.75% upfront mortgage insurance premium. These are examples based on the median price, not the sample loan used in the rate table above.

How much income do you need to buy a home in Cincinnati?

A common lender guideline is to keep your total housing payment (principal, interest, estimated Cincinnati property taxes, and estimated homeowners insurance) at or below 28% of your gross monthly income. Gross income is what you earn before taxes and other deductions come out of your paycheck. Based on that guideline, here's the yearly household income needed for Cincinnati's $299,900 median home:

20% down · Conventional$2,197/mo payment $94,158/yrabout $7,847/mo before taxes
5% down · Conventional$2,500/mo payment $107,147/yrabout $8,929/mo before taxes
3.5% down · FHA$2,515/mo payment $107,790/yrabout $8,982/mo before taxes

Why this matters: Keeping housing costs near 28% of your income leaves room for other bills, savings and the upkeep that comes with owning a home. It's a planning guideline, not a hard limit.

What lenders look at: Lenders also look at your debt-to-income (DTI) ratio, which adds your car, student loan and credit card payments to the new mortgage payment. Depending on the loan program and your credit, many lenders allow total debts of roughly 43% to 50% of gross income, so you may qualify with less income than shown, or need more if you carry other debt.

Household income counts: If you're buying with a partner or co-borrower, lenders can combine your incomes.

How rates change your payment

Principal and interest on a $239,920 loan (the Cincinnati median price with 20% down). Every 0.25% is worth about $40/mo.

Rate6.13%6.38%6.63%6.88%7.13%
today		7.38%
Monthly P&I$1,458$1,497$1,536$1,576$1,616$1,657

Ways to make a Cincinnati home more affordable

  • Negotiate on price. About 25% of Cincinnati listings have had a price cut, so many sellers are open to offers.
  • Ask for seller concessions. Homes take 43 days to sell, 7 more than last year. Sellers may cover closing costs or pay for a rate buydown.
  • Consider buying down your rate. On this example loan, a rate 0.5% lower saves about $80 a month.
  • Compare loan types. FHA rates are at 6.875% vs. 7.125% for conventional, with as little as 3.5% down. Compare by APR, including mortgage insurance.

Cincinnati mortgage and home buying FAQs

What are mortgage rates in Cincinnati today?

As of October 9, 2026, Lower’s 30-year fixed conventional rate in Cincinnati is 7.125% (7.436% APR), and the 30-year FHA rate is 6.875% (7.697% APR). Your rate depends on your credit, down payment, loan type and any points you pay. See the rate table above for points and full details.

What is the monthly payment on a median-priced home in Cincinnati?

On Cincinnati’s $299,900 median home price (September 2026), a 30-year conventional loan with 20% down at 7.125% comes to about $2,197 a month, including principal, interest, estimated Cincinnati property taxes, and estimated homeowners insurance. With an FHA loan and 3.5% down, it’s about $2,515 a month before monthly mortgage insurance.

How much income do I need to buy a house in Cincinnati?

To keep housing costs at 28% of gross (pre-tax) income, you’d need a household income of about $94,158 a year to buy Cincinnati’s $299,900 median home with 20% down, or about $107,790 with an FHA loan and 3.5% down. Lenders also consider your other debts, so the income you need may be higher or lower.

How much do I need for a down payment in Cincinnati?

On the $299,900 median home, 20% down is $59,980, 5% down is $14,995, and the FHA minimum of 3.5% is $10,497. Putting less than 20% down usually means paying mortgage insurance. You’ll also need money for closing costs.

Is it a buyer’s or seller’s market in Cincinnati right now?

In September 2026, Cincinnati homes sold in about 43 days, 7 days slower than a year earlier. 1890 homes sold, up from 1806 the year before, and about 25% of the 2162 homes for sale have had a price cut. Slower sales and frequent price cuts generally give buyers more room to negotiate than a year ago.

How much does a quarter-point rate change affect payments in Cincinnati?

On a $239,920 loan (the median Cincinnati home with 20% down), each 0.25% change in rate moves the principal and interest payment by about $40 a month, or about $483 a year.

How much are property taxes in Cincinnati?

Lower estimates Cincinnati property taxes at about 1.56% of a home’s value per year. On the $299,900 median home, that’s roughly $4,678 a year, or $390 a month. Your actual bill depends on your assessed value and any exemptions.

Market data: Movoto, September 2026. Homeowners insurance estimates are based on average annual premiums in Cincinnati from The Zebra; your quote will vary. Rates as of October 9, 2026. Examples only; not an offer of credit. Your rate and payment depend on your credit, down payment, loan type and other factors.

Find Out Why Cincinnati Loves Lower

Don't take our word for it. We've got 50,000 five-star reviews and counting. Read what real customers have to say.
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5.0

Jack Tomlinson made the entire mortgage process smooth, efficient, and stress-free. We were working on an expedited timeline, and he delivered every step of the way. His communication was outstanding—he responded quickly, kept us informed throu…ghout the process, and was always available to answer questions, even during some unconventional hours.He consistently looked out for our best interests and made sure we understood every option available.What really set Jack apart was his commitment to customer service. He had no problem going the extra mile to ensure our loan closed on time, and he even attended our closing, which demonstrated his dedication and professionalism.If you’re looking for a lender who is knowledgeable, responsive, and genuinely invested in making the home-buying process as quick and painless as possible, I highly recommend Jack Tomlinson and Lower Mortgage.

Ced N.

Verified Customer

July 12, 2026

5.0

Every step of the process was clearly explained and quickly handled.

Glenn M.

Verified Customer

September 8, 2026

5.0

Graham and his team were wond to work with and quick got my loan done

Cathy S.

Verified Customer

August 29, 2026

5.0

Reily was a very clear communicator and very available to speak with for any questions that arose. He gave me multiple options and modeled different scenarios so i could decide which down payment options worke…d for me. He was flexible when i changed my financing strategy and helped me stay on top of things every step of the way. He made things so easy providing me options for reputable companies to use for inspections and insurance.

Jessica H.

Verified Customer

September 13, 2026

5.0

I initially doubted Josie was gonna be able to close in the short timeline she provided but she got it done. Josie and her team were on top of everything and made everything go so smoothly

Kevin M.

Verified Customer

July 13, 2026

5.0

Communication. Staying informed provides peace of mind and we were kept in the loop every step of the way.

Phillip G.

Verified Customer

August 16, 2026

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