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 | Gallia County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $220,967 | $130,696 | $242,182 |
| Price Trend (Annual %) | 23.9% | 6.8% | 8.2% |
| Median Gross Rent | $797 | $987 | $1,342 |
| Rent Trend (Annual %) | 3.2% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Gallia County is about 69% higher than in Ohio. Rent is about 19% 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 Gallia County, up about 23.9% and 3.2% a year respectively. Home prices are changing faster.
Median rent in Gallia County rose about 32.6% between 2015 and 2023, from $601 to $797. Over the same span, rent in Ohio rose about 35.4%.
Affordability
On average, housing unit costs 3.9 yearly household incomes in Gallia County.
Buying the median-priced home in Gallia County costs roughly 23.1 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 Gallia County. The price-to-rent ratio in Ohio is about 11.0.
| Metric | Gallia County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $220,967 | $130,696 | $242,182 |
| Median Household Income | $57,294 | $69,785 | $78,145 |
| Price-to-Income Ratio | 3.9 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Gallia County rose about 198.3%, while median household income rose about 57.2% 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 | Gallia County | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.2% | 61.4% | 58.2% |
| Rental Rate | 19.9% | 30.2% | 31.3% |
| Vacancy Rate | 16.0% | 8.4% | 10.6% |
| Median Tenure (years) | 19.0 | 16.0 | 15.0 |
| Median Year Moved In | 2007 | 2010 | 2011 |
Gallia County has a homeownership rate of 64.2%, higher than the Ohio average of 61.4%. Its housing vacancy rate is 16.0%, compared with 8.4% in Ohio.
Housing Stock
| Metric | Gallia County | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.52 people | 2.38 people | 2.54 people |
| Median Structure Built Year | 1979 | 1970 | 1978 |
| Median Number of Rooms | 5.6 | 5.9 | 5.5 |
The typical housing unit in Gallia County was built around 1979. On average, 2.5 people live in a home with about 5.6 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Gallia County, Ohio.
What is the median home price in Gallia County, Ohio?
The median home price in Gallia County, Ohio is $220,967, higher than the Ohio average of $130,696.
What is the average home price in Gallia 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 Gallia County, Ohio?
The median gross rent in Gallia County, Ohio is $797 per month, lower than the Ohio average of $987.
What was the median gross rent in Gallia County in 2020?
In 2020, the median gross rent in Gallia County, Ohio was $694 per month.
What is the price-to-rent ratio in Gallia County, Ohio?
The price-to-rent ratio in Gallia County, Ohio is about 23.1, meaning it would take roughly 23.1 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 Gallia County.
Are home prices or rent rising faster in Gallia County, Ohio?
Both home prices and rent are rising in Gallia County, up about 23.9% and 3.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Gallia County, Ohio?
64.2% of households in Gallia County, Ohio own their home, higher than the Ohio average of 61.4%.
What is the vacancy rate in Gallia County, Ohio?
The housing vacancy rate in Gallia County, Ohio is 16.0%, higher than the Ohio average of 8.4%.