Garfield Heights, Ohio Housing Market Prices
Garfield Heights 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 11% below the Ohio median$124,394
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Median rent 9% above the Ohio median$1,128
Housing Market Overview
| Metric | Garfield Heights | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $124,394 | $139,044 | $248,835 |
| Price Trend (Annual %) | 10.6% | 6.7% | 7.5% |
| Median Gross Rent | $1,128 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 4.3% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Garfield Heights is about 11% lower than in Ohio. Rent is about 9% higher 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 Garfield Heights, up about 10.6% and 4.3% a year respectively. Home prices are changing faster.
Median rent in Garfield Heights rose about 43.9% between 2015 and 2024, from $784 to $1,128. Over the same span, rent in Ohio rose about 41.7%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in Garfield Heights.
Buying the median-priced home in Garfield Heights costs roughly 9.2 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 Garfield Heights. The price-to-rent ratio in Ohio is about 11.2.
| Metric | Garfield Heights | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $124,394 | $139,044 | $248,835 |
| Median Household Income | $55,288 | $71,509 | $80,455 |
| Price-to-Income Ratio | 2.2 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Garfield Heights rose about 86.1%, while median household income rose about 16.8% 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 | Garfield Heights | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.8% | 61.7% | 58.5% |
| Rental Rate | 38.1% | 30.1% | 31.2% |
| Vacancy Rate | 8.1% | 8.1% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Garfield Heights has a homeownership rate of 53.8%, lower than the Ohio average of 61.7%. Its housing vacancy rate is 8.1%, compared with 8.1% in Ohio.
Housing Stock
| Metric | Garfield Heights | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.40 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1953 | 1970 | 1978 |
| Median Number of Rooms | 5.8 | 5.9 | 5.5 |
The typical housing unit in Garfield Heights was built around 1953. On average, 2.4 people live in a home with about 5.8 rooms, staying for about 16.0 years on average.
Garfield Heights, OH Housing Compared With Nearby Cities
How Garfield Heights, OH compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Garfield Heights, OH | 29,260 | $124,394 #1/2 | $1,128 #2/2 | 58.5% #2/2 |
| Maple Heights, OH | 23,249 | $115,073 | $1,338 | 62.7% |
Frequently Asked Questions
Common questions about the housing market in Garfield Heights, Ohio.
What is the median home price in Garfield Heights, Ohio?
The median home price in Garfield Heights, Ohio is $124,394, lower than the Ohio average of $139,044.
What is the average home price in Garfield Heights, Ohio?
The typical home price in Garfield Heights, Ohio, reported as the median sale price, is $124,394. 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 Garfield Heights, Ohio?
The median gross rent in Garfield Heights, Ohio is $1,128 per month, higher than the Ohio average of $1,033.
What was the median gross rent in Garfield Heights in 2020?
In 2020, the median gross rent in Garfield Heights, Ohio was $937 per month.
What is the price-to-rent ratio in Garfield Heights, Ohio?
The price-to-rent ratio in Garfield Heights, Ohio is about 9.2, meaning it would take roughly 9.2 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 Garfield Heights.
Are home prices or rent rising faster in Garfield Heights, Ohio?
Both home prices and rent are rising in Garfield Heights, up about 10.6% and 4.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Garfield Heights, Ohio?
53.8% of households in Garfield Heights, Ohio own their home, lower than the Ohio average of 61.7%.
What is the vacancy rate in Garfield Heights, Ohio?
The housing vacancy rate in Garfield Heights, Ohio is 8.1%, about the same as the Ohio average.
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