Middletown, Ohio Housing Market Prices
Middletown 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 39% below the Ohio median$85,103
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Median rent 4% below the Ohio median$993
Housing Market Overview
| Metric | Middletown | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $85,103 | $139,044 | $248,835 |
| Price Trend (Annual %) | 16.9% | 6.7% | 7.5% |
| Median Gross Rent | $993 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 3.5% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Middletown is about 39% lower than in Ohio. Rent is about 4% 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 Middletown, up about 16.9% and 3.5% a year respectively. Home prices are changing faster.
Median rent in Middletown rose about 32.7% between 2015 and 2024, from $748 to $993. Over the same span, rent in Ohio rose about 41.7%.
Affordability
On average, housing unit costs 1.4 yearly household incomes in Middletown.
Buying the median-priced home in Middletown costs roughly 7.1 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 Middletown. The price-to-rent ratio in Ohio is about 11.2.
| Metric | Middletown | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $85,103 | $139,044 | $248,835 |
| Median Household Income | $59,637 | $71,509 | $80,455 |
| Price-to-Income Ratio | 1.4 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Middletown fell about 33.1%, while median household income rose about 40.5% 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 | Middletown | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.5% | 61.7% | 58.5% |
| Rental Rate | 40.4% | 30.1% | 31.2% |
| Vacancy Rate | 7.1% | 8.1% | 10.2% |
| Median Tenure (years) | 13.0 | 16.0 | 15.0 |
| Median Year Moved In | 2013 | 2010 | 2011 |
Middletown has a homeownership rate of 52.5%, lower than the Ohio average of 61.7%. Its housing vacancy rate is 7.1%, compared with 8.1% in Ohio.
Housing Stock
| Metric | Middletown | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.43 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1964 | 1970 | 1978 |
| Median Number of Rooms | 5.5 | 5.9 | 5.5 |
The typical housing unit in Middletown was built around 1964. On average, 2.4 people live in a home with about 5.5 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Middletown, Ohio.
What is the median home price in Middletown, Ohio?
The median home price in Middletown, Ohio is $85,103, lower than the Ohio average of $139,044.
What is the average home price in Middletown, Ohio?
The typical home price in Middletown, Ohio, reported as the median sale price, is $85,103. 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 Middletown, Ohio?
The median gross rent in Middletown, Ohio is $993 per month, lower than the Ohio average of $1,033.
What was the median gross rent in Middletown in 2020?
In 2020, the median gross rent in Middletown, Ohio was $817 per month.
What is the price-to-rent ratio in Middletown, Ohio?
The price-to-rent ratio in Middletown, Ohio is about 7.1, meaning it would take roughly 7.1 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 Middletown.
Are home prices or rent rising faster in Middletown, Ohio?
Both home prices and rent are rising in Middletown, up about 16.9% and 3.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Middletown, Ohio?
52.5% of households in Middletown, Ohio own their home, lower than the Ohio average of 61.7%.
What is the vacancy rate in Middletown, Ohio?
The housing vacancy rate in Middletown, Ohio is 7.1%, lower than the Ohio average of 8.1%.
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