Richland County, Ohio Housing Market Prices
Richland 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 47% below the Ohio median Cheaper than 77% of counties in Ohio$74,186
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Median rent 20% below the Ohio median$824
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Richland County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $74,186 | $139,044 | $248,835 |
| Price Trend (Annual %) | 6.5% | 6.7% | 7.5% |
| Median Gross Rent | $824 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 3.3% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Richland County is about 47% lower than in Ohio. Rent is about 20% 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 Richland County, up about 6.5% and 3.3% a year respectively. Home prices are changing faster.
Median rent in Richland County rose about 32.1% between 2015 and 2024, from $624 to $824. Over the same span, rent in Ohio rose about 41.7%.
Affordability
On average, housing unit costs 1.2 yearly household incomes in Richland County.
Buying the median-priced home in Richland County costs roughly 7.5 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 Richland County. The price-to-rent ratio in Ohio is about 11.2.
| Metric | Richland County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $74,186 | $139,044 | $248,835 |
| Median Household Income | $59,418 | $71,509 | $80,455 |
| Price-to-Income Ratio | 1.2 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Richland County rose about 13.3%, while median household income rose about 33.5% between 2009 and 2025 — 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 | Richland County | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.3% | 61.7% | 58.5% |
| Rental Rate | 29.4% | 30.1% | 31.2% |
| Vacancy Rate | 8.3% | 8.1% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Richland County has a homeownership rate of 62.3%, higher than the Ohio average of 61.7%. Its housing vacancy rate is 8.3%, compared with 8.1% in Ohio.
Housing Stock
| Metric | Richland County | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.36 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1964 | 1970 | 1978 |
| Median Number of Rooms | 5.8 | 5.9 | 5.5 |
The typical housing unit in Richland County was built around 1964. On average, 2.4 people live in a home with about 5.8 rooms, staying for about 16.0 years on average.
Richland County, OH Housing Compared With Nearby Counties
Richland County, OH is the largest of the 6 counties compared here, 125,022 residents against a local median of 52,253. Richland County, OH sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these counties turns on things this data does not capture.
The largest of those small differences is median home price, 12% below the local median at $74,186 against $83,950. Richland County, OH has the 4th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Richland County, OH | 125,022 | $74,186 #4/6 | $824 #5/6 | 67.9% #6/6 |
| Ashland County, OH | 52,253 | $18,604 | $887 | 77.9% |
| Morrow County, OH | 35,404 | $54,907 | $937 | 81.2% |
| Huron County, OH | 58,319 | $153,030 | $848 | 74.0% |
| Crawford County, OH | 41,711 | $83,950 | $793 | 73.1% |
| Knox County, OH | 63,140 | $255,913 | $949 | 75.5% |
Frequently Asked Questions
Common questions about the housing market in Richland County, Ohio.
What is the median home price in Richland County, Ohio?
The median home price in Richland County, Ohio is $74,186, lower than the Ohio average of $139,044.
What is the average home price in Richland County, Ohio?
The typical home price in Richland County, Ohio, reported as the median sale price, is $74,186. 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 Richland County, Ohio?
The median gross rent in Richland County, Ohio is $824 per month, lower than the Ohio average of $1,033.
What was the median gross rent in Richland County in 2020?
In 2020, the median gross rent in Richland County, Ohio was $676 per month.
What is the price-to-rent ratio in Richland County, Ohio?
The price-to-rent ratio in Richland County, Ohio is about 7.5, meaning it would take roughly 7.5 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 Richland County.
Are home prices or rent rising faster in Richland County, Ohio?
Both home prices and rent are rising in Richland County, up about 6.5% and 3.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Richland County, Ohio?
62.3% of households in Richland County, Ohio own their home, higher than the Ohio average of 61.7%.
What is the vacancy rate in Richland County, Ohio?
The housing vacancy rate in Richland County, Ohio is 8.3%, higher than the Ohio average of 8.1%.
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