Ohio Housing Market: Home Prices, Rent and Affordability
The typical Ohio home is worth $248,803, up 3.4% over the past year and up 29.2% over five years, 32.5% below the national $368,697 (Zillow, latest release). That ranks #42 of 50 on price. A 20%-down mortgage runs $1,280 a month and takes about $71,117 of income; the median Ohio household earns $63,715, $7,402 short.
In Cincinnati, the state's largest metro, typical rent is $1,522 a month against a $1,587 principal-and-interest payment on the typical home, so renting is $65 a month cheaper before taxes, insurance and maintenance. The market is cool: 27.9% of listings cut their price (national 26.4%), homes go pending in 28 days (national 53), and for-sale inventory is up 13.1% from a year ago.
All figures are Zillow Research's published numbers for August; median household income is from the Census Bureau. How the data works → · Home prices in all 50 states →
Ohio Housing by the Numbers
How much does a house cost in Ohio? The typical home is worth $248,803, the median sale price is $247,633 and the median list price $273,300. The six figures below describe the market this month, each with the national comparison.
How Have Ohio Home Prices Changed?
The typical Ohio home value every month since 2000, with the national typical home as a dashed line. Values rose 3.4% over the past year, are up 29.2% over five years, up 91.0% over ten, and up 133% since January 2000.
Is It Cheaper to Rent or Buy in Ohio?
Two direct answers from the Zillow data. Rent versus buy sets typical asking rent in Cincinnati, the state's largest metro, against the mortgage payment on the typical home there, since Zillow publishes rents by metro rather than by state. The affordability gap is the income needed to buy the typical Ohio home minus what the median household actually earns.
Rent vs. buy · Cincinnati, OH
The payment excludes property tax (1.43% of value in Ohio), insurance and maintenance, all of which push the cost of owning higher; renting builds no equity. If values kept rising at the past five years' pace (29.2%), equity would narrow that gap over a long stay.
Affordability gap · #12 of 50
A $1,280 monthly payment takes 24.1% of the median Ohio household's income before property tax and insurance; lenders generally cap total housing costs near 28–31%. Full budget for your household →
Is Ohio a Buyer's or a Seller's Market?
Market temperature is our label from three Zillow signals compared with the national market: the share of listings with a price cut, days from listing to pending (days on market), and whether homes for sale are up from a year ago. Ohio is cool: it leans toward buyers: two of the three market signals point cooler than the national market.
Median sale price $247,633 against a median list price of $273,300, so the typical home closes 9.4% below asking.
Where the Ohio market is heading
Compared with a year ago, two of the three signals point looser, in buyers' favor: the share of listings with a price cut is down 0.1 points from a year ago to 27.9%, homes take 2 days longer to go pending than a year ago (28 now), and the number of homes for sale is up 13.1%. The typical home value rose 3.4% over the same period and is at an all-time high. We publish no forecasts: these are Zillow's current-month readings, not a prediction of where Ohio home prices go next.
Home Values and Rents in Ohio Cities
Zillow publishes a city-level home value or rent for 20 of the Ohio cities we track. The most expensive is Dublin ($564,896) and the cheapest Youngstown ($73,589). Click a city for its full profile.
| City | Population | Home value | 1 yr | 5 yr | Rent | Rent 1 yr | Value ÷ income |
|---|---|---|---|---|---|---|---|
| Columbus | 909,074 | $247,002 | -1.0% | ||||
| Cleveland | 362,670 | $120,419 | -1.4% | ||||
| Cincinnati | 311,112 | $249,297 | +0.5% | ||||
| Toledo | 265,306 | $133,536 | +5.8% | ||||
| Akron | 188,692 | $141,681 | +2.7% | ||||
| Dayton | 135,507 | $140,625 | +1.1% | ||||
| Parma | 78,952 | $219,443 | +4.3% | ||||
| Canton | 69,196 | $175,781 | +4.6% | ||||
| Lorain | 65,330 | $156,898 | +3.9% | ||||
| Hamilton | 63,124 | $307,195 | +3.6% | ||||
| Youngstown | 59,605 | $73,589 | +7.4% | ||||
| Springfield | 58,410 | $189,587 | +3.7% | ||||
| Kettering | 57,442 | $247,139 | +2.5% | ||||
| Elyria | 52,833 | $190,344 | +4.8% | ||||
| Cuyahoga Falls | 50,864 | $220,780 | +4.2% | ||||
| Middletown | 50,607 | $263,528 | +3.1% | ||||
| Newark | 50,393 | $248,729 | +3.4% | ||||
| Lakewood | 50,229 | $298,111 | +4.4% | ||||
| Dublin | 49,031 | $564,896 | +1.5% | ||||
| Euclid | 48,991 | $151,177 | +2.5% |
Home value and rent are Zillow's city-level indexes; population and median household income are Census ACS. Cities without a Zillow index are omitted. All Ohio cities ranked →
How Ohio Compares With Nearby States
The Midwest states closest to Ohio on price. Each card links to that state's housing page; the compare link puts the two states side by side on every category.
More on Ohio
Ohio dashboard
→Overall rank and grade, every category score, taxes, utilities, safety, schools and all tracked cities.
What you'd keep in Ohio
→Take-home after housing, taxes, childcare, utilities and groceries for your household and income.
Who is moving to Ohio
→IRS migration data: where new residents come from, where leavers go, and what both groups earn.
Ohio Housing Market FAQ
What is the average house price in Ohio?
$248,803 is the typical Ohio home value according to the latest Zillow Research release of the Zillow Home Value Index, which tracks homes in the middle third of the market. The median sale price was $247,633 and the median list price $273,300. That makes Ohio the #42 most expensive state; the national typical home is worth $368,697.
Are home prices dropping in Ohio?
No. The typical Ohio home value rose 3.4% over the past year and is at an all-time high. Over five years it is up 29.2% and over ten years up 91.0%. Nationally, values rose 1.2% over the year.
How have Ohio home prices changed over the past 1, 5 and 10 years?
+3.4% over one year, +29.2% over five years and +91.0% over ten years for the typical Ohio home value, per the latest Zillow Research release; the national figures are +1.2%, +20.3% and +77.9%. Since January 2000 the typical Ohio home is up 133%. The monthly chart above shows the full series against the national line.
Will the Ohio housing market crash?
We publish no forecasts, so this page cannot answer that; it can show the current readings and the historical worst case. Right now the typical Ohio home value is at an all-time high after it rose 3.4% over the past year; 27.9% of listings have cut their price (national 26.4%), homes go pending in 28 days (national 53), and inventory is up 13.1% from a year ago, per Zillow Research. The largest decline in Zillow's monthly series for Ohio was 17.0% from September 2006 to February 2012, and values took 61 months to regain that peak.
Is it a good time to buy a house in Ohio?
The Ohio market is cool right now, which means it leans toward buyers: two of the three market signals point cooler than the national market. 27.9% of listings cut their price (national 26.4%), homes go pending in 28 days (national 53), and for-sale inventory is up 13.1% from a year ago. Affordability is the constraint: buying the typical home takes $71,117 of income, $7,402 more than the median household earns. Whether the timing is right also depends on mortgage rates and how long you plan to stay.
Is Ohio a buyer's or seller's market?
Ohio leans toward buyers. More listings are cutting prices than the national average (27.9% vs. 26.4%), homes take 28 days to go pending (national 53), and the number of homes for sale is up 13.1% from a year ago at 36K listings. Two of those three signals point toward buyers.
What is the average rent in Ohio?
In Cincinnati, Ohio's largest metro, the typical asking rent is $1,522 a month, up 2.6% over the past year and up 29.2% over five years, per the Zillow Observed Rent Index. The national typical rent is $1,948. Among Ohio cities we track, rents range from $1,059 to $1,828 a month.
Is it cheaper to rent or buy in Ohio?
Renting is cheaper month to month in Cincinnati, Ohio's largest metro. Typical rent is $1,522 and the principal-and-interest payment on the typical home with 20% down is $1,587, a difference of $65 a month in favor of renting. The payment excludes property tax (1.43% of value in Ohio), insurance and maintenance, and renting builds no equity, so the full answer depends on how long you stay.
How much income do you need to buy a house in Ohio?
About $71,117 a year, using Zillow's assumptions of 20% down at current mortgage rates and a payment of no more than 30% of income. The median Ohio household earns $63,715, so the typical household is $7,402 short. That is the #12 smallest affordability gap of the 50 states. The monthly payment of $1,280 equals 24.1% of the median household's income.
Where are homes cheapest and most expensive in Ohio?
Among the Ohio cities we track with Zillow data, the most expensive typical home is in Dublin ($564,896) and the cheapest in Youngstown ($73,589). Also at the top: Hamilton ($307,195), Lakewood ($298,111), and Middletown ($263,528). The city table above lists every tracked Ohio city with its value, one-year change and rent.
How does Ohio compare with nearby states?
In the Midwest, the closest comparisons on price are Kansas ($249,603, up 3.8% in a year), Iowa ($239,547, up 3.5% in a year), and Indiana ($260,095, up 3.0% in a year). Ohio's typical home is $248,803, up 3.4%. On affordability, Ohio ranks #12 of 50 versus Kansas at #5, Iowa at #2, and Indiana at #6.
How current is the Ohio housing data?
Every figure on this page comes from Zillow Research, which publishes state, metro and city data free each month for the prior month; the latest month shown is August. Median household income is from the Census Bureau's American Community Survey. We rebuild the page from the newest Zillow files as they are released.
Home values, rents, mortgage payments, income needed, inventory, price cuts, days to pending and sale and list prices are published by Zillow Research and shown as released, with attribution. Median household income and city populations are from the Census Bureau's American Community Survey. Home prices and housing markets in all 50 states →