Hilliard, Ohio Housing Market Prices
Hilliard 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 222% above the Ohio median$447,672
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Median rent 49% above the Ohio median$1,539
Housing Market Overview
| Metric | Hilliard | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $447,672 | $139,044 | $248,835 |
| Price Trend (Annual %) | 29.4% | 6.7% | 7.5% |
| Median Gross Rent | $1,539 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 5.1% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hilliard is about 222% higher than in Ohio. Rent is about 49% 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 Hilliard, up about 29.4% and 5.1% a year respectively. Home prices are changing faster.
Median rent in Hilliard rose about 56.3% between 2015 and 2024, from $985 to $1,539. Over the same span, rent in Ohio rose about 41.7%.
Affordability
On average, housing unit costs 3.8 yearly household incomes in Hilliard.
Buying the median-priced home in Hilliard costs roughly 24.2 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 Hilliard. The price-to-rent ratio in Ohio is about 11.2.
| Metric | Hilliard | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $447,672 | $139,044 | $248,835 |
| Median Household Income | $116,702 | $71,509 | $80,455 |
| Price-to-Income Ratio | 3.8 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Hilliard rose about 145.3%, while median household income rose about 39.2% 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 | Hilliard | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.1% | 61.7% | 58.5% |
| Rental Rate | 32.8% | 30.1% | 31.2% |
| Vacancy Rate | 4.1% | 8.1% | 10.2% |
| Median Tenure (years) | 12.0 | 16.0 | 15.0 |
| Median Year Moved In | 2014 | 2010 | 2011 |
Hilliard has a homeownership rate of 63.1%, higher than the Ohio average of 61.7%. Its housing vacancy rate is 4.1%, compared with 8.1% in Ohio.
Housing Stock
| Metric | Hilliard | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.58 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1996 | 1970 | 1978 |
| Median Number of Rooms | 6.0 | 5.9 | 5.5 |
The typical housing unit in Hilliard was built around 1996. On average, 2.6 people live in a home with about 6.0 rooms, staying for about 12.0 years on average.
Hilliard, OH Housing Compared With Nearby Cities
How Hilliard, OH compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Hilliard, OH | 38,912 | $447,672 #1/2 | $1,539 #2/2 | 65.8% #1/2 |
| Dublin, OH | 53,390 | $273,691 | $1,651 | 62.9% |
Frequently Asked Questions
Common questions about the housing market in Hilliard, Ohio.
What is the median home price in Hilliard, Ohio?
The median home price in Hilliard, Ohio is $447,672, higher than the Ohio average of $139,044.
What is the average home price in Hilliard, Ohio?
The typical home price in Hilliard, Ohio, reported as the median sale price, is $447,672. 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 Hilliard, Ohio?
The median gross rent in Hilliard, Ohio is $1,539 per month, higher than the Ohio average of $1,033.
What was the median gross rent in Hilliard in 2020?
In 2020, the median gross rent in Hilliard, Ohio was $1,220 per month.
What is the price-to-rent ratio in Hilliard, Ohio?
The price-to-rent ratio in Hilliard, Ohio is about 24.2, meaning it would take roughly 24.2 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 Hilliard.
Are home prices or rent rising faster in Hilliard, Ohio?
Both home prices and rent are rising in Hilliard, up about 29.4% and 5.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Hilliard, Ohio?
63.1% of households in Hilliard, Ohio own their home, higher than the Ohio average of 61.7%.
What is the vacancy rate in Hilliard, Ohio?
The housing vacancy rate in Hilliard, Ohio is 4.1%, lower than the Ohio average of 8.1%.
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