Lucas County, Ohio Housing Market Prices
Lucas County 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 17% below the Ohio median$115,392
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Median rent 10% below the Ohio median More expensive than 70% of counties in Ohio$934
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Lucas County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $115,392 | $139,044 | $248,835 |
| Price Trend (Annual %) | 12.1% | 6.7% | 7.5% |
| Median Gross Rent | $934 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 4.2% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lucas County is about 17% lower than in Ohio. Rent is about 10% 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 Lucas County, up about 12.1% and 4.2% a year respectively. Home prices are changing faster.
Median rent in Lucas County rose about 40.3% between 2015 and 2024, from $665 to $934. Over the same span, rent in Ohio rose about 41.7%.
Affordability
On average, housing unit costs 1.8 yearly household incomes in Lucas County.
Buying the median-priced home in Lucas County costs roughly 10.3 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 Lucas County. The price-to-rent ratio in Ohio is about 11.2.
| Metric | Lucas County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $115,392 | $139,044 | $248,835 |
| Median Household Income | $62,969 | $71,509 | $80,455 |
| Price-to-Income Ratio | 1.8 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lucas County rose about 129.4%, while median household income rose about 43.0% 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 | Lucas County | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.5% | 61.7% | 58.5% |
| Rental Rate | 34.7% | 30.1% | 31.2% |
| Vacancy Rate | 8.8% | 8.1% | 10.2% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Lucas County has a homeownership rate of 56.5%, lower than the Ohio average of 61.7%. Its housing vacancy rate is 8.8%, compared with 8.1% in Ohio.
Housing Stock
| Metric | Lucas County | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.29 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1966 | 1970 | 1978 |
| Median Number of Rooms | 5.9 | 5.9 | 5.5 |
The typical housing unit in Lucas County was built around 1966. On average, 2.3 people live in a home with about 5.9 rooms, staying for about 15.0 years on average.
Lucas County, OH Housing Compared With Nearby Counties
Lucas County, OH is the largest of the 6 counties compared here, 427,836 residents against a local median of 98,415. Lucas County, OH's median home price, at $115,392, runs 23% below the $149,137 typical of the counties around it.
Homeownership tells the same story from another angle: 62.0% against a local median of 79.6%, 22% below it. The one measure here that carries a verdict is homeownership, and at 22% below the local median it puts Lucas County, OH at the weaker end of the local range. The counties themselves spread $130,000 on median home price, so Lucas County, OH sits at one end of an already wide local range rather than apart from it. Lucas County, OH has the 5th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lucas County, OH | 427,836 | $115,392 #5/6 | $934 #4/6 | 62.0% #6/6 |
| Monroe County, MI | 155,488 | $194,999 | $1,059 | 81.7% |
| Wood County, OH | 132,059 | $147,858 | $971 | 64.4% |
| Ottawa County, OH | 39,994 | $65,000 | $930 | 83.6% |
| Sandusky County, OH | 58,778 | $149,137 | $783 | 73.4% |
| Lenawee County, MI | 98,415 | $152,038 | $986 | 79.6% |
Frequently Asked Questions
Common questions about the housing market in Lucas County, Ohio.
What is the median home price in Lucas County, Ohio?
The median home price in Lucas County, Ohio is $115,392, lower than the Ohio average of $139,044.
What is the average home price in Lucas County, Ohio?
The typical home price in Lucas County, Ohio, reported as the median sale price, is $115,392. 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 Lucas County, Ohio?
The median gross rent in Lucas County, Ohio is $934 per month, lower than the Ohio average of $1,033.
What was the median gross rent in Lucas County in 2020?
In 2020, the median gross rent in Lucas County, Ohio was $759 per month.
What is the price-to-rent ratio in Lucas County, Ohio?
The price-to-rent ratio in Lucas County, Ohio is about 10.3, meaning it would take roughly 10.3 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 Lucas County.
Are home prices or rent rising faster in Lucas County, Ohio?
Both home prices and rent are rising in Lucas County, up about 12.1% and 4.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lucas County, Ohio?
56.5% of households in Lucas County, Ohio own their home, lower than the Ohio average of 61.7%.
What is the vacancy rate in Lucas County, Ohio?
The housing vacancy rate in Lucas County, Ohio is 8.8%, higher than the Ohio average of 8.1%.
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