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 | Columbiana County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $51,363 | $130,696 | $242,182 |
| Price Trend (Annual %) | 0.6% | 6.8% | 8.2% |
| Median Gross Rent | $735 | $987 | $1,342 |
| Rent Trend (Annual %) | 2.5% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Columbiana County is about 61% lower than in Ohio. Rent is about 26% 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 Columbiana County, up about 0.6% and 2.5% a year respectively. Rent is changing faster.
Median rent in Columbiana County rose about 19.7% between 2015 and 2023, from $614 to $735. Over the same span, rent in Ohio rose about 35.4%.
Affordability
On average, housing unit costs 0.9 yearly household incomes in Columbiana County.
Buying the median-priced home in Columbiana County costs roughly 5.8 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 Columbiana County. The price-to-rent ratio in Ohio is about 11.0.
| Metric | Columbiana County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $51,363 | $130,696 | $242,182 |
| Median Household Income | $58,709 | $69,785 | $78,145 |
| Price-to-Income Ratio | 0.9 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Columbiana County rose about 5.7%, while median household income rose about 44.6% 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 | Columbiana County | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.6% | 61.4% | 58.2% |
| Rental Rate | 24.1% | 30.2% | 31.3% |
| Vacancy Rate | 10.3% | 8.4% | 10.6% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Columbiana County has a homeownership rate of 65.6%, higher than the Ohio average of 61.4%. Its housing vacancy rate is 10.3%, compared with 8.4% in Ohio.
Housing Stock
| Metric | Columbiana County | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.37 people | 2.38 people | 2.54 people |
| Median Structure Built Year | 1965 | 1970 | 1978 |
| Median Number of Rooms | 5.9 | 5.9 | 5.5 |
The typical housing unit in Columbiana County was built around 1965. On average, 2.4 people live in a home with about 5.9 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Columbiana County, Ohio.
What is the median home price in Columbiana County, Ohio?
The median home price in Columbiana County, Ohio is $51,363, lower than the Ohio average of $130,696.
What is the average home price in Columbiana 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 Columbiana County, Ohio?
The median gross rent in Columbiana County, Ohio is $735 per month, lower than the Ohio average of $987.
What was the median gross rent in Columbiana County in 2020?
In 2020, the median gross rent in Columbiana County, Ohio was $647 per month.
What is the price-to-rent ratio in Columbiana County, Ohio?
The price-to-rent ratio in Columbiana County, Ohio is about 5.8, meaning it would take roughly 5.8 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 Columbiana County.
Are home prices or rent rising faster in Columbiana County, Ohio?
Both home prices and rent are rising in Columbiana County, up about 0.6% and 2.5% a year respectively. Rent is changing faster.
What is the homeownership rate in Columbiana County, Ohio?
65.6% of households in Columbiana County, Ohio own their home, higher than the Ohio average of 61.4%.
What is the vacancy rate in Columbiana County, Ohio?
The housing vacancy rate in Columbiana County, Ohio is 10.3%, higher than the Ohio average of 8.4%.