Hamilton, Ohio Housing Market Prices
Hamilton 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 51% below the Ohio median$67,852
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Median rent 5% below the Ohio median$986
Housing Market Overview
| Metric | Hamilton | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $67,852 | $139,044 | $248,835 |
| Price Trend (Annual %) | 3.5% | 6.7% | 7.5% |
| Median Gross Rent | $986 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 3.4% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hamilton is about 51% lower than in Ohio. Rent is about 5% 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 Hamilton, up about 3.5% and 3.4% a year respectively. Home prices are changing faster.
Median rent in Hamilton rose about 32.6% between 2015 and 2024, from $743 to $986. Over the same span, rent in Ohio rose about 41.7%.
Affordability
On average, housing unit costs 1.2 yearly household incomes in Hamilton.
Buying the median-priced home in Hamilton costs roughly 5.7 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 Hamilton. The price-to-rent ratio in Ohio is about 11.2.
| Metric | Hamilton | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $67,852 | $139,044 | $248,835 |
| Median Household Income | $55,663 | $71,509 | $80,455 |
| Price-to-Income Ratio | 1.2 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Hamilton rose about 2.8%, while median household income rose about 33.5% between 2009 and 2025 — 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 | Hamilton | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 50.9% | 61.7% | 58.5% |
| Rental Rate | 41.2% | 30.1% | 31.2% |
| Vacancy Rate | 7.8% | 8.1% | 10.2% |
| Median Tenure (years) | 12.0 | 16.0 | 15.0 |
| Median Year Moved In | 2014 | 2010 | 2011 |
Hamilton has a homeownership rate of 50.9%, lower than the Ohio average of 61.7%. Its housing vacancy rate is 7.8%, compared with 8.1% in Ohio.
Housing Stock
| Metric | Hamilton | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.48 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1960 | 1970 | 1978 |
| Median Number of Rooms | 5.3 | 5.9 | 5.5 |
The typical housing unit in Hamilton was built around 1960. On average, 2.5 people live in a home with about 5.3 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Hamilton, Ohio.
What is the median home price in Hamilton, Ohio?
The median home price in Hamilton, Ohio is $67,852, lower than the Ohio average of $139,044.
What is the average home price in Hamilton, Ohio?
The typical home price in Hamilton, Ohio, reported as the median sale price, is $67,852. 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 Hamilton, Ohio?
The median gross rent in Hamilton, Ohio is $986 per month, lower than the Ohio average of $1,033.
What was the median gross rent in Hamilton in 2020?
In 2020, the median gross rent in Hamilton, Ohio was $827 per month.
What is the price-to-rent ratio in Hamilton, Ohio?
The price-to-rent ratio in Hamilton, Ohio is about 5.7, meaning it would take roughly 5.7 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 Hamilton.
Are home prices or rent rising faster in Hamilton, Ohio?
Both home prices and rent are rising in Hamilton, up about 3.5% and 3.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Hamilton, Ohio?
50.9% of households in Hamilton, Ohio own their home, lower than the Ohio average of 61.7%.
What is the vacancy rate in Hamilton, Ohio?
The housing vacancy rate in Hamilton, Ohio is 7.8%, lower than the Ohio average of 8.1%.
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