Erie County, Ohio Housing Market Prices
Erie County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 133% above the Ohio median More expensive than 93% of counties in Ohio$323,498
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Median rent 10% below the Ohio median$932
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Erie County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $323,498 | $139,044 | $248,835 |
| Price Trend (Annual %) | 18.2% | 6.7% | 7.5% |
| Median Gross Rent | $932 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 3.5% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Erie County is about 133% higher than in Ohio. Rent is about 10% lower than the Ohio average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Erie County, up about 18.2% and 3.5% a year respectively. Home prices are changing faster.
Median rent in Erie County rose about 31.9% between 2015 and 2024, from $707 to $932. Over the same span, rent in Ohio rose about 41.7%.
Affordability
On average, housing unit costs 4.5 yearly household incomes in Erie County.
Buying the median-priced home in Erie County costs roughly 28.9 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Erie County. The price-to-rent ratio in Ohio is about 11.2.
| Metric | Erie County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $323,498 | $139,044 | $248,835 |
| Median Household Income | $71,843 | $71,509 | $80,455 |
| Price-to-Income Ratio | 4.5 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Erie County rose about 122.2%, while median household income rose about 47.1% between 2009 and 2025 — 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 | Erie County | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.6% | 61.7% | 58.5% |
| Rental Rate | 23.7% | 30.1% | 31.2% |
| Vacancy Rate | 15.7% | 8.1% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Erie County has a homeownership rate of 60.6%, lower than the Ohio average of 61.7%. Its housing vacancy rate is 15.7%, compared with 8.1% in Ohio.
Housing Stock
| Metric | Erie County | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.22 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1970 | 1970 | 1978 |
| Median Number of Rooms | 6.0 | 5.9 | 5.5 |
The typical housing unit in Erie County was built around 1970. On average, 2.2 people live in a home with about 6.0 rooms, staying for about 17.0 years on average.
Erie County, OH Housing Compared With Nearby Counties
Erie County, OH is the 2nd largest of the 6 counties compared here, 74,571 residents against a local median of 58,319. Where Erie County, OH breaks from the counties next to it is median home price, sitting 117% above the local median of $149,137 at $323,498.
The counties themselves sit within $92,826 of each other on median home price, a tighter band than the gap between any of them and Erie County, OH, which makes it a genuine outlier here rather than one end of a wide local spread. Erie County, OH has the highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Erie County, OH | 74,571 | $323,498 #1/6 | $932 #2/6 | 71.9% #6/6 |
| Huron County, OH | 58,319 | $153,030 | $848 | 74.0% |
| Lorain County, OH | 317,119 | $157,826 | $965 | 74.0% |
| Ottawa County, OH | 39,994 | $65,000 | $930 | 83.6% |
| Sandusky County, OH | 58,778 | $149,137 | $783 | 73.4% |
| Seneca County, OH | 54,770 | $98,763 | $855 | 73.4% |
Frequently Asked Questions
Common questions about the housing market in Erie County, Ohio.
What is the median home price in Erie County, Ohio?
The median home price in Erie County, Ohio is $323,498, higher than the Ohio average of $139,044.
What is the average home price in Erie County, Ohio?
The typical home price in Erie County, Ohio, reported as the median sale price, is $323,498. 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 Erie County, Ohio?
The median gross rent in Erie County, Ohio is $932 per month, lower than the Ohio average of $1,033.
What was the median gross rent in Erie County in 2020?
In 2020, the median gross rent in Erie County, Ohio was $772 per month.
What is the price-to-rent ratio in Erie County, Ohio?
The price-to-rent ratio in Erie County, Ohio is about 28.9, meaning it would take roughly 28.9 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Erie County.
Are home prices or rent rising faster in Erie County, Ohio?
Both home prices and rent are rising in Erie County, up about 18.2% and 3.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Erie County, Ohio?
60.6% of households in Erie County, Ohio own their home, lower than the Ohio average of 61.7%.
What is the vacancy rate in Erie County, Ohio?
The housing vacancy rate in Erie County, Ohio is 15.7%, higher than the Ohio average of 8.1%.
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