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 | Clermont County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $171,367 | $130,696 | $242,182 |
| Price Trend (Annual %) | 10.0% | 6.8% | 8.2% |
| Median Gross Rent | $1,040 | $987 | $1,342 |
| Rent Trend (Annual %) | 4.3% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Clermont County is about 31% higher than in Ohio. Rent is about 5% 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 Clermont County, up about 10.0% and 4.3% a year respectively. Home prices are changing faster.
Median rent in Clermont County rose about 36.2% between 2015 and 2023, from $764 to $1,040. Over the same span, rent in Ohio rose about 35.4%.
Affordability
On average, housing unit costs 2.0 yearly household incomes in Clermont County.
Buying the median-priced home in Clermont County costs roughly 13.7 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 Clermont County. The price-to-rent ratio in Ohio is about 11.0.
| Metric | Clermont County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $171,367 | $130,696 | $242,182 |
| Median Household Income | $83,711 | $69,785 | $78,145 |
| Price-to-Income Ratio | 2.0 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Clermont County rose about 24.3%, while median household income rose about 45.7% 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 | Clermont County | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.7% | 61.4% | 58.2% |
| Rental Rate | 25.6% | 30.2% | 31.3% |
| Vacancy Rate | 3.7% | 8.4% | 10.6% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Clermont County has a homeownership rate of 70.7%, higher than the Ohio average of 61.4%. Its housing vacancy rate is 3.7%, compared with 8.4% in Ohio.
Housing Stock
| Metric | Clermont County | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.47 people | 2.38 people | 2.54 people |
| Median Structure Built Year | 1984 | 1970 | 1978 |
| Median Number of Rooms | 6.2 | 5.9 | 5.5 |
The typical housing unit in Clermont County was built around 1984. On average, 2.5 people live in a home with about 6.2 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Clermont County, Ohio.
What is the median home price in Clermont County, Ohio?
The median home price in Clermont County, Ohio is $171,367, higher than the Ohio average of $130,696.
What is the average home price in Clermont 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 Clermont County, Ohio?
The median gross rent in Clermont County, Ohio is $1,040 per month, higher than the Ohio average of $987.
What was the median gross rent in Clermont County in 2020?
In 2020, the median gross rent in Clermont County, Ohio was $867 per month.
What is the price-to-rent ratio in Clermont County, Ohio?
The price-to-rent ratio in Clermont County, Ohio is about 13.7, meaning it would take roughly 13.7 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 Clermont County.
Are home prices or rent rising faster in Clermont County, Ohio?
Both home prices and rent are rising in Clermont County, up about 10.0% and 4.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Clermont County, Ohio?
70.7% of households in Clermont County, Ohio own their home, higher than the Ohio average of 61.4%.
What is the vacancy rate in Clermont County, Ohio?
The housing vacancy rate in Clermont County, Ohio is 3.7%, lower than the Ohio average of 8.4%.