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 | Paulding County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $38,749 | $130,696 | $242,182 |
| Price Trend (Annual %) | 12.2% | 6.8% | 8.2% |
| Median Gross Rent | $749 | $987 | $1,342 |
| Rent Trend (Annual %) | 2.8% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Paulding County is about 70% lower than in Ohio. Rent is about 24% 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 Paulding County, up about 12.2% and 2.8% a year respectively. Home prices are changing faster.
Median rent in Paulding County rose about 27.7% between 2015 and 2023, from $586 to $749. Over the same span, rent in Ohio rose about 35.4%.
Affordability
On average, housing unit costs 0.6 yearly household incomes in Paulding County.
Buying the median-priced home in Paulding County costs roughly 4.3 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 Paulding County. The price-to-rent ratio in Ohio is about 11.0.
| Metric | Paulding County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $38,749 | $130,696 | $242,182 |
| Median Household Income | $68,245 | $69,785 | $78,145 |
| Price-to-Income Ratio | 0.6 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Paulding County rose about 10.5%, while median household income rose about 49.3% 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 | Paulding County | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.9% | 61.4% | 58.2% |
| Rental Rate | 17.5% | 30.2% | 31.3% |
| Vacancy Rate | 11.6% | 8.4% | 10.6% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Paulding County has a homeownership rate of 70.9%, higher than the Ohio average of 61.4%. Its housing vacancy rate is 11.6%, compared with 8.4% in Ohio.
Housing Stock
| Metric | Paulding County | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.48 people | 2.38 people | 2.54 people |
| Median Structure Built Year | 1969 | 1970 | 1978 |
| Median Number of Rooms | 6.2 | 5.9 | 5.5 |
The typical housing unit in Paulding County was built around 1969. On average, 2.5 people live in a home with about 6.2 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Paulding County, Ohio.
What is the median home price in Paulding County, Ohio?
The median home price in Paulding County, Ohio is $38,749, lower than the Ohio average of $130,696.
What is the average home price in Paulding 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 Paulding County, Ohio?
The median gross rent in Paulding County, Ohio is $749 per month, lower than the Ohio average of $987.
What was the median gross rent in Paulding County in 2020?
In 2020, the median gross rent in Paulding County, Ohio was $705 per month.
What is the price-to-rent ratio in Paulding County, Ohio?
The price-to-rent ratio in Paulding County, Ohio is about 4.3, meaning it would take roughly 4.3 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 Paulding County.
Are home prices or rent rising faster in Paulding County, Ohio?
Both home prices and rent are rising in Paulding County, up about 12.2% and 2.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Paulding County, Ohio?
70.9% of households in Paulding County, Ohio own their home, higher than the Ohio average of 61.4%.
What is the vacancy rate in Paulding County, Ohio?
The housing vacancy rate in Paulding County, Ohio is 11.6%, higher than the Ohio average of 8.4%.