North Royalton, Ohio Housing Market Prices
North Royalton 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 212% above the Ohio median$434,346
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Median rent 8% above the Ohio median$1,116
Housing Market Overview
| Metric | North Royalton | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $434,346 | $139,044 | $248,835 |
| Price Trend (Annual %) | 16.0% | 6.7% | 7.5% |
| Median Gross Rent | $1,116 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 4.0% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in North Royalton is about 212% 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 Royalton, up about 16.0% and 4.0% a year respectively. Home prices are changing faster.
Median rent in North Royalton rose about 41.6% between 2015 and 2024, from $788 to $1,116. Over the same span, rent in Ohio rose about 41.7%.
Affordability
On average, housing unit costs 5.2 yearly household incomes in North Royalton.
Buying the median-priced home in North Royalton costs roughly 32.4 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 Royalton. The price-to-rent ratio in Ohio is about 11.2.
| Metric | North Royalton | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $434,346 | $139,044 | $248,835 |
| Median Household Income | $84,018 | $71,509 | $80,455 |
| Price-to-Income Ratio | 5.2 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in North Royalton rose about 177.3%, while median household income rose about 27.7% 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 Royalton | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.4% | 61.7% | 58.5% |
| Rental Rate | 26.6% | 30.1% | 31.2% |
| Vacancy Rate | 6.0% | 8.1% | 10.2% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
North Royalton has a homeownership rate of 67.4%, higher than the Ohio average of 61.7%. Its housing vacancy rate is 6.0%, compared with 8.1% in Ohio.
Housing Stock
| Metric | North Royalton | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.28 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1983 | 1970 | 1978 |
| Median Number of Rooms | 6.1 | 5.9 | 5.5 |
The typical housing unit in North Royalton was built around 1983. On average, 2.3 people live in a home with about 6.1 rooms, staying for about 15.0 years on average.
North Royalton, OH Housing Compared With Nearby Cities
How North Royalton, OH compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| North Royalton, OH | 30,990 | $434,346 #1/2 | $1,116 #1/2 | 71.7% #2/2 |
| Parma, OH | 79,821 | $196,201 | $1,087 | 72.4% |
Frequently Asked Questions
Common questions about the housing market in North Royalton, Ohio.
What is the median home price in North Royalton, Ohio?
The median home price in North Royalton, Ohio is $434,346, higher than the Ohio average of $139,044.
What is the average home price in North Royalton, Ohio?
The typical home price in North Royalton, Ohio, reported as the median sale price, is $434,346. 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 Royalton, Ohio?
The median gross rent in North Royalton, Ohio is $1,116 per month, higher than the Ohio average of $1,033.
What was the median gross rent in North Royalton in 2020?
In 2020, the median gross rent in North Royalton, Ohio was $890 per month.
What is the price-to-rent ratio in North Royalton, Ohio?
The price-to-rent ratio in North Royalton, Ohio is about 32.4, meaning it would take roughly 32.4 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 Royalton.
Are home prices or rent rising faster in North Royalton, Ohio?
Both home prices and rent are rising in North Royalton, up about 16.0% and 4.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in North Royalton, Ohio?
67.4% of households in North Royalton, Ohio own their home, higher than the Ohio average of 61.7%.
What is the vacancy rate in North Royalton, Ohio?
The housing vacancy rate in North Royalton, Ohio is 6.0%, lower than the Ohio average of 8.1%.
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