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 | Guernsey County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $74,917 | $130,696 | $242,182 |
| Price Trend (Annual %) | 4.5% | 6.8% | 8.2% |
| Median Gross Rent | $803 | $987 | $1,342 |
| Rent Trend (Annual %) | 4.5% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Guernsey County is about 43% lower 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 Guernsey County, up about 4.5% and 4.5% a year respectively. Home prices are changing faster.
Median rent in Guernsey County rose about 35.3% between 2015 and 2023, from $594 to $803. Over the same span, rent in Ohio rose about 35.4%.
Affordability
On average, housing unit costs 1.4 yearly household incomes in Guernsey County.
Buying the median-priced home in Guernsey County costs roughly 7.8 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 Guernsey County. The price-to-rent ratio in Ohio is about 11.0.
| Metric | Guernsey County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $74,917 | $130,696 | $242,182 |
| Median Household Income | $54,987 | $69,785 | $78,145 |
| Price-to-Income Ratio | 1.4 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Guernsey County rose about 13.7%, while median household income rose about 48.1% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Guernsey County | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.2% | 61.4% | 58.2% |
| Rental Rate | 24.2% | 30.2% | 31.3% |
| Vacancy Rate | 14.6% | 8.4% | 10.6% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Guernsey County has a homeownership rate of 61.2%, about the same as the Ohio average of 61.4%. Its housing vacancy rate is 14.6%, compared with 8.4% in Ohio.
Housing Stock
| Metric | Guernsey County | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.33 people | 2.38 people | 2.54 people |
| Median Structure Built Year | 1970 | 1970 | 1978 |
| Median Number of Rooms | 5.9 | 5.9 | 5.5 |
The typical housing unit in Guernsey County was built around 1970. On average, 2.3 people live in a home with about 5.9 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Guernsey County, Ohio.
What is the median home price in Guernsey County, Ohio?
The median home price in Guernsey County, Ohio is $74,917, lower than the Ohio average of $130,696.
What is the average home price in Guernsey 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 Guernsey County, Ohio?
The median gross rent in Guernsey County, Ohio is $803 per month, lower than the Ohio average of $987.
What was the median gross rent in Guernsey County in 2020?
In 2020, the median gross rent in Guernsey County, Ohio was $715 per month.
What is the price-to-rent ratio in Guernsey County, Ohio?
The price-to-rent ratio in Guernsey County, Ohio is about 7.8, meaning it would take roughly 7.8 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 Guernsey County.
Are home prices or rent rising faster in Guernsey County, Ohio?
Both home prices and rent are rising in Guernsey County, up about 4.5% and 4.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Guernsey County, Ohio?
61.2% of households in Guernsey County, Ohio own their home, about the same as the Ohio average.
What is the vacancy rate in Guernsey County, Ohio?
The housing vacancy rate in Guernsey County, Ohio is 14.6%, higher than the Ohio average of 8.4%.