Avon, Ohio Housing Market Prices
Avon Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 17% above the Ohio median$162,500
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Median rent 74% above the Ohio median$1,796
Housing Market Overview
| Metric | Avon | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $162,500 | $139,044 | $248,835 |
| Price Trend (Annual %) | — | 6.7% | 7.5% |
| Median Gross Rent | $1,796 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 5.9% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Avon is about 17% higher than in Ohio. Rent is about 74% higher than the Ohio average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2016
Median Rent Prices, 2015-2024
Median rent in Avon rose about 56.4% between 2015 and 2024, from $1,148 to $1,796. Over the same span, rent in Ohio rose about 41.7%.
Affordability
On average, housing unit costs 1.2 yearly household incomes in Avon.
Buying the median-priced home in Avon costs roughly 7.5 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 Avon. The price-to-rent ratio in Ohio is about 11.2.
| Metric | Avon | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $162,500 | $139,044 | $248,835 |
| Median Household Income | $132,182 | $71,509 | $80,455 |
| Price-to-Income Ratio | 1.2 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2016, the median home price in Avon fell about 4.4%, while median household income rose about 57.1% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Avon | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 85.1% | 61.7% | 58.5% |
| Rental Rate | 11.2% | 30.1% | 31.2% |
| Vacancy Rate | 3.7% | 8.1% | 10.2% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Avon has a homeownership rate of 85.1%, higher than the Ohio average of 61.7%. Its housing vacancy rate is 3.7%, compared with 8.1% in Ohio.
Housing Stock
| Metric | Avon | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.63 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 2001 | 1970 | 1978 |
| Median Number of Rooms | 7.6 | 5.9 | 5.5 |
The typical housing unit in Avon was built around 2001. On average, 2.6 people live in a home with about 7.6 rooms, staying for about 15.0 years on average.
Avon, OH Housing Compared With Nearby Cities
How Avon, OH compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Avon, OH | 25,317 | $162,500 #3/3 | $1,796 #1/3 | 88.3% #2/3 |
| North Ridgeville, OH | 36,625 | $315,060 | $1,115 | 89.8% |
| Westlake, OH | 34,104 | $381,914 | $1,570 | 73.1% |
Frequently Asked Questions
Common questions about the housing market in Avon, Ohio.
What is the median home price in Avon, Ohio?
The median home price in Avon, Ohio is $162,500, higher than the Ohio average of $139,044.
What is the average home price in Avon, Ohio?
The typical home price in Avon, Ohio, reported as the median sale price, is $162,500. 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 Avon, Ohio?
The median gross rent in Avon, Ohio is $1,796 per month, higher than the Ohio average of $1,033.
What was the median gross rent in Avon in 2020?
In 2020, the median gross rent in Avon, Ohio was $1,276 per month.
What is the price-to-rent ratio in Avon, Ohio?
The price-to-rent ratio in Avon, Ohio is about 7.5, meaning it would take roughly 7.5 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 Avon.
What is the homeownership rate in Avon, Ohio?
85.1% of households in Avon, Ohio own their home, higher than the Ohio average of 61.7%.
What is the vacancy rate in Avon, Ohio?
The housing vacancy rate in Avon, Ohio is 3.7%, lower than the Ohio average of 8.1%.
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