Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Auglaize County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $88,986 | $130,696 | $242,182 |
| Price Trend (Annual %) | 15.4% | 6.8% | 8.2% |
| Median Gross Rent | $853 | $987 | $1,342 |
| Rent Trend (Annual %) | 4.0% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Auglaize County is about 32% lower than in Ohio. Rent is about 14% lower than the Ohio average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Auglaize County, up about 15.4% and 4.0% a year respectively. Home prices are changing faster.
Median rent in Auglaize County rose about 33.0% between 2015 and 2023, from $641 to $853. Over the same span, rent in Ohio rose about 35.4%.
Affordability
On average, housing unit costs 1.2 yearly household incomes in Auglaize County.
Buying the median-priced home in Auglaize County costs roughly 8.7 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Auglaize County. The price-to-rent ratio in Ohio is about 11.0.
| Metric | Auglaize County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $88,986 | $130,696 | $242,182 |
| Median Household Income | $76,412 | $69,785 | $78,145 |
| Price-to-Income Ratio | 1.2 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Auglaize County rose about 47.8%, while median household income rose about 46.0% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Auglaize County | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 71.8% | 61.4% | 58.2% |
| Rental Rate | 22.8% | 30.2% | 31.3% |
| Vacancy Rate | 5.4% | 8.4% | 10.6% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Auglaize County has a homeownership rate of 71.8%, higher than the Ohio average of 61.4%. Its housing vacancy rate is 5.4%, compared with 8.4% in Ohio.
Housing Stock
| Metric | Auglaize County | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.41 people | 2.38 people | 2.54 people |
| Median Structure Built Year | 1968 | 1970 | 1978 |
| Median Number of Rooms | 6.0 | 5.9 | 5.5 |
The typical housing unit in Auglaize County was built around 1968. On average, 2.4 people live in a home with about 6.0 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Auglaize County, Ohio.
What is the median home price in Auglaize County, Ohio?
The median home price in Auglaize County, Ohio is $88,986, lower than the Ohio average of $130,696.
What is the average home price in Auglaize County, Ohio?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Auglaize County, Ohio?
The median gross rent in Auglaize County, Ohio is $853 per month, lower than the Ohio average of $987.
What was the median gross rent in Auglaize County in 2020?
In 2020, the median gross rent in Auglaize County, Ohio was $756 per month.
What is the price-to-rent ratio in Auglaize County, Ohio?
The price-to-rent ratio in Auglaize County, Ohio is about 8.7, meaning it would take roughly 8.7 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Auglaize County.
Are home prices or rent rising faster in Auglaize County, Ohio?
Both home prices and rent are rising in Auglaize County, up about 15.4% and 4.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Auglaize County, Ohio?
71.8% of households in Auglaize County, Ohio own their home, higher than the Ohio average of 61.4%.
What is the vacancy rate in Auglaize County, Ohio?
The housing vacancy rate in Auglaize County, Ohio is 5.4%, lower than the Ohio average of 8.4%.