Euclid, Ohio Housing Market Prices
Euclid 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 3% below the Ohio median$135,500
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Median rent 1% below the Ohio median$1,025
Housing Market Overview
| Metric | Euclid | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $135,500 | $139,044 | $248,835 |
| Price Trend (Annual %) | 11.8% | 6.7% | 7.5% |
| Median Gross Rent | $1,025 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 4.3% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Euclid is about 3% lower than in Ohio. Rent is about 1% 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 Euclid, up about 11.8% and 4.3% a year respectively. Home prices are changing faster.
Median rent in Euclid rose about 42.0% between 2015 and 2024, from $722 to $1,025. Over the same span, rent in Ohio rose about 41.7%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Euclid.
Buying the median-priced home in Euclid costs roughly 11.0 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 Euclid. The price-to-rent ratio in Ohio is about 11.2.
| Metric | Euclid | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $135,500 | $139,044 | $248,835 |
| Median Household Income | $50,284 | $71,509 | $80,455 |
| Price-to-Income Ratio | 2.7 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Euclid rose about 142.8%, while median household income rose about 22.4% 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 | Euclid | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 40.2% | 61.7% | 58.5% |
| Rental Rate | 46.5% | 30.1% | 31.2% |
| Vacancy Rate | 13.3% | 8.1% | 10.2% |
| Median Tenure (years) | 13.0 | 16.0 | 15.0 |
| Median Year Moved In | 2013 | 2010 | 2011 |
Euclid has a homeownership rate of 40.2%, lower than the Ohio average of 61.7%. Its housing vacancy rate is 13.3%, compared with 8.1% in Ohio.
Housing Stock
| Metric | Euclid | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.16 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1956 | 1970 | 1978 |
| Median Number of Rooms | 5.4 | 5.9 | 5.5 |
The typical housing unit in Euclid was built around 1956. On average, 2.2 people live in a home with about 5.4 rooms, staying for about 13.0 years on average.
Euclid, OH Housing Compared With Nearby Cities
How Euclid, OH compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Euclid, OH | 48,823 | $135,500 #2/2 | $1,025 #2/2 | 46.4% #2/2 |
| South Euclid, OH | 21,544 | $135,904 | $1,367 | 81.7% |
Frequently Asked Questions
Common questions about the housing market in Euclid, Ohio.
What is the median home price in Euclid, Ohio?
The median home price in Euclid, Ohio is $135,500, lower than the Ohio average of $139,044.
What is the average home price in Euclid, Ohio?
The typical home price in Euclid, Ohio, reported as the median sale price, is $135,500. 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 Euclid, Ohio?
The median gross rent in Euclid, Ohio is $1,025 per month, lower than the Ohio average of $1,033.
What was the median gross rent in Euclid in 2020?
In 2020, the median gross rent in Euclid, Ohio was $810 per month.
What is the price-to-rent ratio in Euclid, Ohio?
The price-to-rent ratio in Euclid, Ohio is about 11.0, meaning it would take roughly 11.0 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 Euclid.
Are home prices or rent rising faster in Euclid, Ohio?
Both home prices and rent are rising in Euclid, up about 11.8% and 4.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Euclid, Ohio?
40.2% of households in Euclid, Ohio own their home, lower than the Ohio average of 61.7%.
What is the vacancy rate in Euclid, Ohio?
The housing vacancy rate in Euclid, Ohio is 13.3%, higher than the Ohio average of 8.1%.
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