Fayette County, Ohio Housing Market Prices
Fayette 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 32% above the Ohio median More expensive than 71% of counties in Ohio$184,091
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Median rent 21% below the Ohio median$821
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Fayette County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $184,091 | $139,044 | $248,835 |
| Price Trend (Annual %) | 15.5% | 6.7% | 7.5% |
| Median Gross Rent | $821 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 2.2% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Fayette County is about 32% higher than in Ohio. Rent is about 21% 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 Fayette County, up about 15.5% and 2.2% a year respectively. Home prices are changing faster.
Median rent in Fayette County rose about 19.5% between 2015 and 2024, from $688 to $821. Over the same span, rent in Ohio rose about 41.7%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in Fayette County.
Buying the median-priced home in Fayette County costs roughly 18.7 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 Fayette County. The price-to-rent ratio in Ohio is about 11.2.
| Metric | Fayette County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $184,091 | $139,044 | $248,835 |
| Median Household Income | $63,449 | $71,509 | $80,455 |
| Price-to-Income Ratio | 2.9 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Fayette County rose about 142.8%, while median household income rose about 46.7% 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 | Fayette County | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.9% | 61.7% | 58.5% |
| Rental Rate | 32.1% | 30.1% | 31.2% |
| Vacancy Rate | 9.0% | 8.1% | 10.2% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Fayette County has a homeownership rate of 58.9%, lower than the Ohio average of 61.7%. Its housing vacancy rate is 9.0%, compared with 8.1% in Ohio.
Housing Stock
| Metric | Fayette County | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.46 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1967 | 1970 | 1978 |
| Median Number of Rooms | 5.8 | 5.9 | 5.5 |
The typical housing unit in Fayette County was built around 1967. On average, 2.5 people live in a home with about 5.8 rooms, staying for about 15.0 years on average.
Fayette County, OH Housing Compared With Nearby Counties
Fayette County, OH is the smallest of the 5 counties compared here, 28,876 residents against a local median of 51,824. Where Fayette County, OH breaks from the counties next to it is median home price, sitting 290% above the local median of $47,205 at $184,091.
The counties themselves spread $141,823 on median home price, so Fayette County, OH sits at one end of an already wide local range rather than apart from it. Fayette County, OH has the highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Fayette County, OH | 28,876 | $184,091 #1/5 | $821 #4/5 | 64.7% #5/5 |
| Clinton County, OH | 42,019 | $54,795 | $910 | 71.8% |
| Highland County, OH | 43,517 | $37,682 | $780 | 74.3% |
| Pickaway County, OH | 60,131 | $39,614 | $1,020 | 74.0% |
| Greene County, OH | 169,687 | $179,506 | $1,135 | 68.0% |
Frequently Asked Questions
Common questions about the housing market in Fayette County, Ohio.
What is the median home price in Fayette County, Ohio?
The median home price in Fayette County, Ohio is $184,091, higher than the Ohio average of $139,044.
What is the average home price in Fayette County, Ohio?
The typical home price in Fayette County, Ohio, reported as the median sale price, is $184,091. 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 Fayette County, Ohio?
The median gross rent in Fayette County, Ohio is $821 per month, lower than the Ohio average of $1,033.
What was the median gross rent in Fayette County in 2020?
In 2020, the median gross rent in Fayette County, Ohio was $711 per month.
What is the price-to-rent ratio in Fayette County, Ohio?
The price-to-rent ratio in Fayette County, Ohio is about 18.7, meaning it would take roughly 18.7 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 Fayette County.
Are home prices or rent rising faster in Fayette County, Ohio?
Both home prices and rent are rising in Fayette County, up about 15.5% and 2.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Fayette County, Ohio?
58.9% of households in Fayette County, Ohio own their home, lower than the Ohio average of 61.7%.
What is the vacancy rate in Fayette County, Ohio?
The housing vacancy rate in Fayette County, Ohio is 9.0%, higher than the Ohio average of 8.1%.
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