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 | Darke County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $156,521 | $130,696 | $242,182 |
| Price Trend (Annual %) | 13.4% | 6.8% | 8.2% |
| Median Gross Rent | $746 | $987 | $1,342 |
| Rent Trend (Annual %) | 2.6% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Darke County is about 20% higher than in Ohio. Rent is about 24% 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 Darke County, up about 13.4% and 2.6% a year respectively. Home prices are changing faster.
Median rent in Darke County rose about 22.4% between 2015 and 2023, from $609 to $746. Over the same span, rent in Ohio rose about 35.4%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Darke County.
Buying the median-priced home in Darke County costs roughly 17.5 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 Darke County. The price-to-rent ratio in Ohio is about 11.0.
| Metric | Darke County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $156,521 | $130,696 | $242,182 |
| Median Household Income | $63,945 | $69,785 | $78,145 |
| Price-to-Income Ratio | 2.4 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Darke County rose about 109.9%, while median household income rose about 41.6% between 2009 and 2023 — 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 | Darke County | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.8% | 61.4% | 58.2% |
| Rental Rate | 26.4% | 30.2% | 31.3% |
| Vacancy Rate | 5.8% | 8.4% | 10.6% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Darke County has a homeownership rate of 67.8%, higher than the Ohio average of 61.4%. Its housing vacancy rate is 5.8%, compared with 8.4% in Ohio.
Housing Stock
| Metric | Darke County | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.40 people | 2.38 people | 2.54 people |
| Median Structure Built Year | 1963 | 1970 | 1978 |
| Median Number of Rooms | 6.1 | 5.9 | 5.5 |
The typical housing unit in Darke County was built around 1963. On average, 2.4 people live in a home with about 6.1 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Darke County, Ohio.
What is the median home price in Darke County, Ohio?
The median home price in Darke County, Ohio is $156,521, higher than the Ohio average of $130,696.
What is the average home price in Darke 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 Darke County, Ohio?
The median gross rent in Darke County, Ohio is $746 per month, lower than the Ohio average of $987.
What was the median gross rent in Darke County in 2020?
In 2020, the median gross rent in Darke County, Ohio was $664 per month.
What is the price-to-rent ratio in Darke County, Ohio?
The price-to-rent ratio in Darke County, Ohio is about 17.5, meaning it would take roughly 17.5 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 Darke County.
Are home prices or rent rising faster in Darke County, Ohio?
Both home prices and rent are rising in Darke County, up about 13.4% and 2.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Darke County, Ohio?
67.8% of households in Darke County, Ohio own their home, higher than the Ohio average of 61.4%.
What is the vacancy rate in Darke County, Ohio?
The housing vacancy rate in Darke County, Ohio is 5.8%, lower than the Ohio average of 8.4%.