Preble County, Ohio Housing Market Prices
Preble 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 18% above the Ohio median$164,705
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Median rent 23% below the Ohio median Cheaper than 76% of counties in Ohio$794
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Preble County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $164,705 | $139,044 | $248,835 |
| Price Trend (Annual %) | 18.8% | 6.7% | 7.5% |
| Median Gross Rent | $794 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 1.5% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Preble County is about 18% higher than in Ohio. Rent is about 23% 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 Preble County, up about 18.8% and 1.5% a year respectively. Home prices are changing faster.
Median rent in Preble County rose about 13.0% between 2015 and 2024, from $702 to $794. Over the same span, rent in Ohio rose about 41.7%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Preble County.
Buying the median-priced home in Preble County costs roughly 17.3 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 Preble County. The price-to-rent ratio in Ohio is about 11.2.
| Metric | Preble County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $164,705 | $139,044 | $248,835 |
| Median Household Income | $69,933 | $71,509 | $80,455 |
| Price-to-Income Ratio | 2.4 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Preble County rose about 152.9%, while median household income rose about 40.7% 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 | Preble County | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 73.4% | 61.7% | 58.5% |
| Rental Rate | 18.8% | 30.1% | 31.2% |
| Vacancy Rate | 7.8% | 8.1% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Preble County has a homeownership rate of 73.4%, higher than the Ohio average of 61.7%. Its housing vacancy rate is 7.8%, compared with 8.1% in Ohio.
Housing Stock
| Metric | Preble County | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.42 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1968 | 1970 | 1978 |
| Median Number of Rooms | 6.1 | 5.9 | 5.5 |
The typical housing unit in Preble County was built around 1968. On average, 2.4 people live in a home with about 6.1 rooms, staying for about 17.0 years on average.
Preble County, OH Housing Compared With Nearby Counties
Preble County, OH is the smallest of the 4 counties compared here, 40,765 residents against a local median of 393,616. Preble County, OH's median home price, at $164,705, runs 85% above the $89,021 typical of the counties around it.
Median rent tells the same story from another angle: $794 against a local median of $1,026, 23% below it. The one measure here that carries a verdict is homeownership, and at 15% above the local median it puts Preble County, OH at the better end of the local range. The counties themselves spread $66,431 on median home price, so Preble County, OH sits at one end of an already wide local range rather than apart from it. Preble County, OH has the highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Preble County, OH | 40,765 | $164,705 #1/4 | $794 #4/4 | 79.7% #1/4 |
| Butler County, OH | 393,616 | $89,021 | $1,134 | 69.9% |
| Montgomery County, OH | 535,982 | $128,931 | $1,026 | 62.5% |
| Wayne County, IN | 66,397 | $62,500 | $815 | 69.2% |
Frequently Asked Questions
Common questions about the housing market in Preble County, Ohio.
What is the median home price in Preble County, Ohio?
The median home price in Preble County, Ohio is $164,705, higher than the Ohio average of $139,044.
What is the average home price in Preble County, Ohio?
The typical home price in Preble County, Ohio, reported as the median sale price, is $164,705. 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 Preble County, Ohio?
The median gross rent in Preble County, Ohio is $794 per month, lower than the Ohio average of $1,033.
What was the median gross rent in Preble County in 2020?
In 2020, the median gross rent in Preble County, Ohio was $736 per month.
What is the price-to-rent ratio in Preble County, Ohio?
The price-to-rent ratio in Preble County, Ohio is about 17.3, meaning it would take roughly 17.3 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 Preble County.
Are home prices or rent rising faster in Preble County, Ohio?
Both home prices and rent are rising in Preble County, up about 18.8% and 1.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Preble County, Ohio?
73.4% of households in Preble County, Ohio own their home, higher than the Ohio average of 61.7%.
What is the vacancy rate in Preble County, Ohio?
The housing vacancy rate in Preble County, Ohio is 7.8%, lower than the Ohio average of 8.1%.
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