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 | Logan County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $99,179 | $130,696 | $242,182 |
| Price Trend (Annual %) | 10.8% | 6.8% | 8.2% |
| Median Gross Rent | $832 | $987 | $1,342 |
| Rent Trend (Annual %) | 2.5% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Logan County is about 24% lower than in Ohio. Rent is about 16% 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 Logan County, up about 10.8% and 2.5% a year respectively. Home prices are changing faster.
Median rent in Logan County rose about 20.0% between 2015 and 2023, from $693 to $832. Over the same span, rent in Ohio rose about 35.4%.
Affordability
On average, housing unit costs 1.4 yearly household incomes in Logan County.
Buying the median-priced home in Logan County costs roughly 9.9 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 Logan County. The price-to-rent ratio in Ohio is about 11.0.
| Metric | Logan County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $99,179 | $130,696 | $242,182 |
| Median Household Income | $69,826 | $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 Logan County fell about 0.8%, while median household income rose about 47.1% 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 | Logan County | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.8% | 61.4% | 58.2% |
| Rental Rate | 18.3% | 30.2% | 31.3% |
| Vacancy Rate | 17.8% | 8.4% | 10.6% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Logan County has a homeownership rate of 63.8%, higher than the Ohio average of 61.4%. Its housing vacancy rate is 17.8%, compared with 8.4% in Ohio.
Housing Stock
| Metric | Logan County | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.34 people | 2.38 people | 2.54 people |
| Median Structure Built Year | 1968 | 1970 | 1978 |
| Median Number of Rooms | 5.9 | 5.9 | 5.5 |
The typical housing unit in Logan County was built around 1968. On average, 2.3 people live in a home with about 5.9 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Logan County, Ohio.
What is the median home price in Logan County, Ohio?
The median home price in Logan County, Ohio is $99,179, lower than the Ohio average of $130,696.
What is the average home price in Logan 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 Logan County, Ohio?
The median gross rent in Logan County, Ohio is $832 per month, lower than the Ohio average of $987.
What was the median gross rent in Logan County in 2020?
In 2020, the median gross rent in Logan County, Ohio was $717 per month.
What is the price-to-rent ratio in Logan County, Ohio?
The price-to-rent ratio in Logan County, Ohio is about 9.9, meaning it would take roughly 9.9 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 Logan County.
Are home prices or rent rising faster in Logan County, Ohio?
Both home prices and rent are rising in Logan County, up about 10.8% and 2.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Logan County, Ohio?
63.8% of households in Logan County, Ohio own their home, higher than the Ohio average of 61.4%.
What is the vacancy rate in Logan County, Ohio?
The housing vacancy rate in Logan County, Ohio is 17.8%, higher than the Ohio average of 8.4%.