Avon Lake, Ohio Housing Market Prices
Avon Lake 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 119% above the Ohio median$304,737
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Median rent 49% above the Ohio median$1,539
Housing Market Overview
| Metric | Avon Lake | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $304,737 | $139,044 | $248,835 |
| Price Trend (Annual %) | 49.2% | 6.7% | 7.5% |
| Median Gross Rent | $1,539 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 4.2% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Avon Lake is about 119% higher than in Ohio. Rent is about 49% higher than the Ohio average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Avon Lake, up about 49.2% and 4.2% a year respectively. Home prices are changing faster.
Median rent in Avon Lake rose about 38.8% between 2015 and 2024, from $1,109 to $1,539. Over the same span, rent in Ohio rose about 41.7%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Avon Lake.
Buying the median-priced home in Avon Lake costs roughly 16.5 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Avon Lake. The price-to-rent ratio in Ohio is about 11.2.
| Metric | Avon Lake | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $304,737 | $139,044 | $248,835 |
| Median Household Income | $115,637 | $71,509 | $80,455 |
| Price-to-Income Ratio | 2.6 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Avon Lake rose about 90.3%, while median household income rose about 30.9% between 2009 and 2025 — 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 | Avon Lake | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 80.3% | 61.7% | 58.5% |
| Rental Rate | 16.4% | 30.1% | 31.2% |
| Vacancy Rate | 3.3% | 8.1% | 10.2% |
| Median Tenure (years) | 14.0 | 16.0 | 15.0 |
| Median Year Moved In | 2012 | 2010 | 2011 |
Avon Lake has a homeownership rate of 80.3%, higher than the Ohio average of 61.7%. Its housing vacancy rate is 3.3%, compared with 8.1% in Ohio.
Housing Stock
| Metric | Avon Lake | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.35 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1988 | 1970 | 1978 |
| Median Number of Rooms | 7.1 | 5.9 | 5.5 |
The typical housing unit in Avon Lake was built around 1988. On average, 2.3 people live in a home with about 7.1 rooms, staying for about 14.0 years on average.
Avon Lake, OH Housing Compared With Nearby Cities
How Avon Lake, OH compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Avon Lake, OH | 20,624 | $304,737 #2/2 | $1,539 #2/2 | 83.1% #1/2 |
| Westlake, OH | 34,104 | $381,914 | $1,570 | 73.1% |
Frequently Asked Questions
Common questions about the housing market in Avon Lake, Ohio.
What is the median home price in Avon Lake, Ohio?
The median home price in Avon Lake, Ohio is $304,737, higher than the Ohio average of $139,044.
What is the average home price in Avon Lake, Ohio?
The typical home price in Avon Lake, Ohio, reported as the median sale price, is $304,737. 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 Lake, Ohio?
The median gross rent in Avon Lake, Ohio is $1,539 per month, higher than the Ohio average of $1,033.
What was the median gross rent in Avon Lake in 2020?
In 2020, the median gross rent in Avon Lake, Ohio was $1,162 per month.
What is the price-to-rent ratio in Avon Lake, Ohio?
The price-to-rent ratio in Avon Lake, Ohio is about 16.5, meaning it would take roughly 16.5 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Avon Lake.
Are home prices or rent rising faster in Avon Lake, Ohio?
Both home prices and rent are rising in Avon Lake, up about 49.2% and 4.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Avon Lake, Ohio?
80.3% of households in Avon Lake, Ohio own their home, higher than the Ohio average of 61.7%.
What is the vacancy rate in Avon Lake, Ohio?
The housing vacancy rate in Avon Lake, Ohio is 3.3%, lower than the Ohio average of 8.1%.
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