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 | Defiance County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $155,682 | $130,696 | $242,182 |
| Price Trend (Annual %) | 15.3% | 6.8% | 8.2% |
| Median Gross Rent | $826 | $987 | $1,342 |
| Rent Trend (Annual %) | 3.1% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Defiance County is about 19% higher than in Ohio. Rent is about 16% 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 Defiance County, up about 15.3% and 3.1% a year respectively. Home prices are changing faster.
Median rent in Defiance County rose about 24.5% between 2015 and 2023, from $664 to $826. Over the same span, rent in Ohio rose about 35.4%.
Affordability
On average, housing unit costs 2.1 yearly household incomes in Defiance County.
Buying the median-priced home in Defiance County costs roughly 15.7 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 Defiance County. The price-to-rent ratio in Ohio is about 11.0.
| Metric | Defiance County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $155,682 | $130,696 | $242,182 |
| Median Household Income | $73,941 | $69,785 | $78,145 |
| Price-to-Income Ratio | 2.1 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Defiance County rose about 136.4%, while median household income rose about 64.0% 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 | Defiance County | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.9% | 61.4% | 58.2% |
| Rental Rate | 19.9% | 30.2% | 31.3% |
| Vacancy Rate | 7.2% | 8.4% | 10.6% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Defiance County has a homeownership rate of 72.9%, higher than the Ohio average of 61.4%. Its housing vacancy rate is 7.2%, compared with 8.4% in Ohio.
Housing Stock
| Metric | Defiance County | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.45 people | 2.38 people | 2.54 people |
| Median Structure Built Year | 1966 | 1970 | 1978 |
| Median Number of Rooms | 6.4 | 5.9 | 5.5 |
The typical housing unit in Defiance County was built around 1966. On average, 2.4 people live in a home with about 6.4 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Defiance County, Ohio.
What is the median home price in Defiance County, Ohio?
The median home price in Defiance County, Ohio is $155,682, higher than the Ohio average of $130,696.
What is the average home price in Defiance 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 Defiance County, Ohio?
The median gross rent in Defiance County, Ohio is $826 per month, lower than the Ohio average of $987.
What was the median gross rent in Defiance County in 2020?
In 2020, the median gross rent in Defiance County, Ohio was $741 per month.
What is the price-to-rent ratio in Defiance County, Ohio?
The price-to-rent ratio in Defiance County, Ohio is about 15.7, meaning it would take roughly 15.7 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 Defiance County.
Are home prices or rent rising faster in Defiance County, Ohio?
Both home prices and rent are rising in Defiance County, up about 15.3% and 3.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Defiance County, Ohio?
72.9% of households in Defiance County, Ohio own their home, higher than the Ohio average of 61.4%.
What is the vacancy rate in Defiance County, Ohio?
The housing vacancy rate in Defiance County, Ohio is 7.2%, lower than the Ohio average of 8.4%.