Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Ottawa County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $167,187 | $130,696 | $242,182 |
| Price Trend (Annual %) | 7.0% | 6.8% | 8.2% |
| Median Gross Rent | $909 | $987 | $1,342 |
| Rent Trend (Annual %) | 4.1% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Ottawa County is about 28% higher than in Ohio. Rent is about 8% lower than the Ohio average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Ottawa County, up about 7.0% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Ottawa County rose about 30.8% between 2015 and 2023, from $695 to $909. Over the same span, rent in Ohio rose about 35.4%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in Ottawa County.
Buying the median-priced home in Ottawa County costs roughly 15.3 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Ottawa County. The price-to-rent ratio in Ohio is about 11.0.
| Metric | Ottawa County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $167,187 | $130,696 | $242,182 |
| Median Household Income | $75,734 | $69,785 | $78,145 |
| Price-to-Income Ratio | 2.2 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Ottawa County rose about 40.3%, while median household income rose about 42.6% between 2009 and 2023 — 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 | Ottawa County | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.6% | 61.4% | 58.2% |
| Rental Rate | 10.3% | 30.2% | 31.3% |
| Vacancy Rate | 37.1% | 8.4% | 10.6% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Ottawa County has a homeownership rate of 52.6%, lower than the Ohio average of 61.4%. Its housing vacancy rate is 37.1%, compared with 8.4% in Ohio.
Housing Stock
| Metric | Ottawa County | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.18 people | 2.38 people | 2.54 people |
| Median Structure Built Year | 1968 | 1970 | 1978 |
| Median Number of Rooms | 5.7 | 5.9 | 5.5 |
The typical housing unit in Ottawa County was built around 1968. On average, 2.2 people live in a home with about 5.7 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Ottawa County, Ohio.
What is the median home price in Ottawa County, Ohio?
The median home price in Ottawa County, Ohio is $167,187, higher than the Ohio average of $130,696.
What is the average home price in Ottawa County, Ohio?
The typical home price in %s, reported as the median sale price, is %s. 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 Ottawa County, Ohio?
The median gross rent in Ottawa County, Ohio is $909 per month, lower than the Ohio average of $987.
What was the median gross rent in Ottawa County in 2020?
In 2020, the median gross rent in Ottawa County, Ohio was $752 per month.
What is the price-to-rent ratio in Ottawa County, Ohio?
The price-to-rent ratio in Ottawa County, Ohio is about 15.3, meaning it would take roughly 15.3 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Ottawa County.
Are home prices or rent rising faster in Ottawa County, Ohio?
Both home prices and rent are rising in Ottawa County, up about 7.0% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Ottawa County, Ohio?
52.6% of households in Ottawa County, Ohio own their home, lower than the Ohio average of 61.4%.
What is the vacancy rate in Ottawa County, Ohio?
The housing vacancy rate in Ottawa County, Ohio is 37.1%, higher than the Ohio average of 8.4%.