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 | Butler County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $86,105 | $130,696 | $242,182 |
| Price Trend (Annual %) | 0.3% | 6.8% | 8.2% |
| Median Gross Rent | $1,098 | $987 | $1,342 |
| Rent Trend (Annual %) | 4.2% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Butler County is about 34% lower than in Ohio. Rent is about 11% higher 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 Butler County, up about 0.3% and 4.2% a year respectively. Rent is changing faster.
Median rent in Butler County rose about 34.4% between 2015 and 2023, from $817 to $1,098. Over the same span, rent in Ohio rose about 35.4%.
Affordability
On average, housing unit costs 1.1 yearly household incomes in Butler County.
Buying the median-priced home in Butler County costs roughly 6.5 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 Butler County. The price-to-rent ratio in Ohio is about 11.0.
| Metric | Butler County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $86,105 | $130,696 | $242,182 |
| Median Household Income | $81,560 | $69,785 | $78,145 |
| Price-to-Income Ratio | 1.1 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Butler County fell about 31.7%, while median household income rose about 50.2% between 2009 and 2023 — 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 | Butler County | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.6% | 61.4% | 58.2% |
| Rental Rate | 28.3% | 30.2% | 31.3% |
| Vacancy Rate | 6.2% | 8.4% | 10.6% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Butler County has a homeownership rate of 65.6%, higher than the Ohio average of 61.4%. Its housing vacancy rate is 6.2%, compared with 8.4% in Ohio.
Housing Stock
| Metric | Butler County | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.64 people | 2.38 people | 2.54 people |
| Median Structure Built Year | 1979 | 1970 | 1978 |
| Median Number of Rooms | 6.2 | 5.9 | 5.5 |
The typical housing unit in Butler County was built around 1979. On average, 2.6 people live in a home with about 6.2 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Butler County, Ohio.
What is the median home price in Butler County, Ohio?
The median home price in Butler County, Ohio is $86,105, lower than the Ohio average of $130,696.
What is the average home price in Butler 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 Butler County, Ohio?
The median gross rent in Butler County, Ohio is $1,098 per month, higher than the Ohio average of $987.
What was the median gross rent in Butler County in 2020?
In 2020, the median gross rent in Butler County, Ohio was $911 per month.
What is the price-to-rent ratio in Butler County, Ohio?
The price-to-rent ratio in Butler County, Ohio is about 6.5, meaning it would take roughly 6.5 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 Butler County.
Are home prices or rent rising faster in Butler County, Ohio?
Both home prices and rent are rising in Butler County, up about 0.3% and 4.2% a year respectively. Rent is changing faster.
What is the homeownership rate in Butler County, Ohio?
65.6% of households in Butler County, Ohio own their home, higher than the Ohio average of 61.4%.
What is the vacancy rate in Butler County, Ohio?
The housing vacancy rate in Butler County, Ohio is 6.2%, lower than the Ohio average of 8.4%.