North Ridgeville, Ohio Housing Market Prices
North Ridgeville 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 127% above the Ohio median$315,060
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Median rent 8% above the Ohio median$1,115
Housing Market Overview
| Metric | North Ridgeville | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $315,060 | $139,044 | $248,835 |
| Price Trend (Annual %) | 27.1% | 6.7% | 7.5% |
| Median Gross Rent | $1,115 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 0.7% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in North Ridgeville is about 127% higher than in Ohio. Rent is about 8% 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 North Ridgeville, up about 27.1% and 0.7% a year respectively. Home prices are changing faster.
Median rent in North Ridgeville rose about 9.2% between 2015 and 2024, from $1,021 to $1,115. Over the same span, rent in Ohio rose about 41.7%.
Affordability
On average, housing unit costs 3.2 yearly household incomes in North Ridgeville.
Buying the median-priced home in North Ridgeville costs roughly 23.5 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 North Ridgeville. The price-to-rent ratio in Ohio is about 11.2.
| Metric | North Ridgeville | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $315,060 | $139,044 | $248,835 |
| Median Household Income | $98,200 | $71,509 | $80,455 |
| Price-to-Income Ratio | 3.2 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in North Ridgeville rose about 395.0%, while median household income rose about 46.1% 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 | North Ridgeville | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 87.0% | 61.7% | 58.5% |
| Rental Rate | 9.8% | 30.1% | 31.2% |
| Vacancy Rate | 3.1% | 8.1% | 10.2% |
| Median Tenure (years) | 14.0 | 16.0 | 15.0 |
| Median Year Moved In | 2012 | 2010 | 2011 |
North Ridgeville has a homeownership rate of 87.0%, higher than the Ohio average of 61.7%. Its housing vacancy rate is 3.1%, compared with 8.1% in Ohio.
Housing Stock
| Metric | North Ridgeville | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.59 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1995 | 1970 | 1978 |
| Median Number of Rooms | 6.6 | 5.9 | 5.5 |
The typical housing unit in North Ridgeville was built around 1995. On average, 2.6 people live in a home with about 6.6 rooms, staying for about 14.0 years on average.
North Ridgeville, OH Housing Compared With Nearby Cities
How North Ridgeville, OH compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| North Ridgeville, OH | 36,625 | $315,060 #2/3 | $1,115 #2/3 | 89.8% #1/3 |
| Elyria, OH | 46,162 | $140,451 | $895 | 62.0% |
| North Olmsted, OH | 31,891 | $337,163 | $1,140 | 78.9% |
Frequently Asked Questions
Common questions about the housing market in North Ridgeville, Ohio.
What is the median home price in North Ridgeville, Ohio?
The median home price in North Ridgeville, Ohio is $315,060, higher than the Ohio average of $139,044.
What is the average home price in North Ridgeville, Ohio?
The typical home price in North Ridgeville, Ohio, reported as the median sale price, is $315,060. 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 North Ridgeville, Ohio?
The median gross rent in North Ridgeville, Ohio is $1,115 per month, higher than the Ohio average of $1,033.
What was the median gross rent in North Ridgeville in 2020?
In 2020, the median gross rent in North Ridgeville, Ohio was $1,048 per month.
What is the price-to-rent ratio in North Ridgeville, Ohio?
The price-to-rent ratio in North Ridgeville, Ohio is about 23.5, meaning it would take roughly 23.5 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 North Ridgeville.
Are home prices or rent rising faster in North Ridgeville, Ohio?
Both home prices and rent are rising in North Ridgeville, up about 27.1% and 0.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in North Ridgeville, Ohio?
87.0% of households in North Ridgeville, Ohio own their home, higher than the Ohio average of 61.7%.
What is the vacancy rate in North Ridgeville, Ohio?
The housing vacancy rate in North Ridgeville, Ohio is 3.1%, lower than the Ohio average of 8.1%.
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