Monroe County, Ohio Housing Market Prices
Monroe 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 29% above the Ohio median More expensive than 70% of counties in Ohio$179,934
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Median rent 35% below the Ohio median Cheapest county in Ohio$672
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Monroe County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $179,934 | $139,044 | $248,835 |
| Price Trend (Annual %) | 6.0% | 6.7% | 7.5% |
| Median Gross Rent | $672 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 2.6% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Monroe County is about 29% higher than in Ohio. Rent is about 35% 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 Monroe County, up about 6.0% and 2.6% a year respectively. Home prices are changing faster.
Median rent in Monroe County rose about 26.3% between 2015 and 2024, from $532 to $672. Over the same span, rent in Ohio rose about 41.7%.
Affordability
On average, housing unit costs 3.0 yearly household incomes in Monroe County.
Buying the median-priced home in Monroe County costs roughly 22.3 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 Monroe County. The price-to-rent ratio in Ohio is about 11.2.
| Metric | Monroe County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $179,934 | $139,044 | $248,835 |
| Median Household Income | $60,171 | $71,509 | $80,455 |
| Price-to-Income Ratio | 3.0 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Monroe County rose about 10.3%, while median household income rose about 62.3% 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 | Monroe County | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.3% | 61.7% | 58.5% |
| Rental Rate | 15.9% | 30.1% | 31.2% |
| Vacancy Rate | 20.8% | 8.1% | 10.2% |
| Median Tenure (years) | 21.0 | 16.0 | 15.0 |
| Median Year Moved In | 2005 | 2010 | 2011 |
Monroe County has a homeownership rate of 63.3%, higher than the Ohio average of 61.7%. Its housing vacancy rate is 20.8%, compared with 8.1% in Ohio.
Housing Stock
| Metric | Monroe County | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.32 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1970 | 1970 | 1978 |
| Median Number of Rooms | 6.0 | 5.9 | 5.5 |
The typical housing unit in Monroe County was built around 1970. On average, 2.3 people live in a home with about 6.0 rooms, staying for about 21.0 years on average.
Monroe County, OH Housing Compared With Nearby Counties
How Monroe County, OH compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Monroe County, OH | 13,227 | $179,934 #1/3 | $672 #3/3 | 79.9% #1/3 |
| Belmont County, OH | 65,473 | $28,908 | $792 | 73.6% |
| Marshall County, WV | 29,868 | $96,851 | $836 | 78.4% |
Frequently Asked Questions
Common questions about the housing market in Monroe County, Ohio.
What is the median home price in Monroe County, Ohio?
The median home price in Monroe County, Ohio is $179,934, higher than the Ohio average of $139,044.
What is the average home price in Monroe County, Ohio?
The typical home price in Monroe County, Ohio, reported as the median sale price, is $179,934. 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 Monroe County, Ohio?
The median gross rent in Monroe County, Ohio is $672 per month, lower than the Ohio average of $1,033.
What was the median gross rent in Monroe County in 2020?
In 2020, the median gross rent in Monroe County, Ohio was $626 per month.
What is the price-to-rent ratio in Monroe County, Ohio?
The price-to-rent ratio in Monroe County, Ohio is about 22.3, meaning it would take roughly 22.3 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 Monroe County.
Are home prices or rent rising faster in Monroe County, Ohio?
Both home prices and rent are rising in Monroe County, up about 6.0% and 2.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Monroe County, Ohio?
63.3% of households in Monroe County, Ohio own their home, higher than the Ohio average of 61.7%.
What is the vacancy rate in Monroe County, Ohio?
The housing vacancy rate in Monroe County, Ohio is 20.8%, higher than the Ohio average of 8.1%.
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