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 | Highland County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $36,666 | $130,696 | $242,182 |
| Price Trend (Annual %) | -10.0% | 6.8% | 8.2% |
| Median Gross Rent | $757 | $987 | $1,342 |
| Rent Trend (Annual %) | 1.9% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Highland County is about 72% lower than in Ohio. Rent is about 23% lower than the Ohio average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Highland County: home prices fell about 10.0% a year while rent rose about 1.9% a year. That is an unusual pattern worth watching.
Median rent in Highland County rose about 17.9% between 2015 and 2023, from $642 to $757. Over the same span, rent in Ohio rose about 35.4%.
Affordability
On average, housing unit costs 0.6 yearly household incomes in Highland County.
Buying the median-priced home in Highland County costs roughly 4.0 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 Highland County. The price-to-rent ratio in Ohio is about 11.0.
| Metric | Highland County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $36,666 | $130,696 | $242,182 |
| Median Household Income | $62,090 | $69,785 | $78,145 |
| Price-to-Income Ratio | 0.6 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Highland County fell about 50.5%, while median household income rose about 54.7% 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 | Highland County | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.8% | 61.4% | 58.2% |
| Rental Rate | 23.7% | 30.2% | 31.3% |
| Vacancy Rate | 11.5% | 8.4% | 10.6% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Highland County has a homeownership rate of 64.8%, higher than the Ohio average of 61.4%. Its housing vacancy rate is 11.5%, compared with 8.4% in Ohio.
Housing Stock
| Metric | Highland County | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.55 people | 2.38 people | 2.54 people |
| Median Structure Built Year | 1978 | 1970 | 1978 |
| Median Number of Rooms | 5.8 | 5.9 | 5.5 |
The typical housing unit in Highland County was built around 1978. On average, 2.5 people live in a home with about 5.8 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Highland County, Ohio.
What is the median home price in Highland County, Ohio?
The median home price in Highland County, Ohio is $36,666, lower than the Ohio average of $130,696.
What is the average home price in Highland 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 Highland County, Ohio?
The median gross rent in Highland County, Ohio is $757 per month, lower than the Ohio average of $987.
What was the median gross rent in Highland County in 2020?
In 2020, the median gross rent in Highland County, Ohio was $679 per month.
What is the price-to-rent ratio in Highland County, Ohio?
The price-to-rent ratio in Highland County, Ohio is about 4.0, meaning it would take roughly 4.0 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 Highland County.
Are home prices or rent rising faster in Highland County, Ohio?
Home prices and rent are moving in opposite directions in Highland County: home prices fell about 10.0% a year while rent rose about 1.9% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Highland County, Ohio?
64.8% of households in Highland County, Ohio own their home, higher than the Ohio average of 61.4%.
What is the vacancy rate in Highland County, Ohio?
The housing vacancy rate in Highland County, Ohio is 11.5%, higher than the Ohio average of 8.4%.