Rocky River, Ohio Housing Market Prices
Rocky River 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 130% above the Ohio median$319,718
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Median rent 14% above the Ohio median$1,174
Housing Market Overview
| Metric | Rocky River | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $319,718 | $139,044 | $248,835 |
| Price Trend (Annual %) | 9.8% | 6.7% | 7.5% |
| Median Gross Rent | $1,174 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 4.4% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Rocky River is about 130% higher than in Ohio. Rent is about 14% 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 Rocky River, up about 9.8% and 4.4% a year respectively. Home prices are changing faster.
Median rent in Rocky River rose about 46.6% between 2015 and 2024, from $801 to $1,174. Over the same span, rent in Ohio rose about 41.7%.
Affordability
On average, housing unit costs 3.4 yearly household incomes in Rocky River.
Buying the median-priced home in Rocky River costs roughly 22.7 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 Rocky River. The price-to-rent ratio in Ohio is about 11.2.
| Metric | Rocky River | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $319,718 | $139,044 | $248,835 |
| Median Household Income | $93,104 | $71,509 | $80,455 |
| Price-to-Income Ratio | 3.4 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Rocky River rose about 88.3%, while median household income rose about 32.4% 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 | Rocky River | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.0% | 61.7% | 58.5% |
| Rental Rate | 28.2% | 30.1% | 31.2% |
| Vacancy Rate | 6.7% | 8.1% | 10.2% |
| Median Tenure (years) | 14.0 | 16.0 | 15.0 |
| Median Year Moved In | 2012 | 2010 | 2011 |
Rocky River has a homeownership rate of 65.0%, higher than the Ohio average of 61.7%. Its housing vacancy rate is 6.7%, compared with 8.1% in Ohio.
Housing Stock
| Metric | Rocky River | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.18 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1962 | 1970 | 1978 |
| Median Number of Rooms | 5.9 | 5.9 | 5.5 |
The typical housing unit in Rocky River was built around 1962. On average, 2.2 people live in a home with about 5.9 rooms, staying for about 14.0 years on average.
Rocky River, OH Housing Compared With Nearby Cities
How Rocky River, OH compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Rocky River, OH | 21,449 | $319,718 #2/3 | $1,174 #2/3 | 69.7% #2/3 |
| Lakewood, OH | 50,003 | $40,000 | $1,070 | 44.4% |
| Westlake, OH | 34,104 | $381,914 | $1,570 | 73.1% |
Frequently Asked Questions
Common questions about the housing market in Rocky River, Ohio.
What is the median home price in Rocky River, Ohio?
The median home price in Rocky River, Ohio is $319,718, higher than the Ohio average of $139,044.
What is the average home price in Rocky River, Ohio?
The typical home price in Rocky River, Ohio, reported as the median sale price, is $319,718. 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 Rocky River, Ohio?
The median gross rent in Rocky River, Ohio is $1,174 per month, higher than the Ohio average of $1,033.
What was the median gross rent in Rocky River in 2020?
In 2020, the median gross rent in Rocky River, Ohio was $897 per month.
What is the price-to-rent ratio in Rocky River, Ohio?
The price-to-rent ratio in Rocky River, Ohio is about 22.7, meaning it would take roughly 22.7 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 Rocky River.
Are home prices or rent rising faster in Rocky River, Ohio?
Both home prices and rent are rising in Rocky River, up about 9.8% and 4.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Rocky River, Ohio?
65.0% of households in Rocky River, Ohio own their home, higher than the Ohio average of 61.7%.
What is the vacancy rate in Rocky River, Ohio?
The housing vacancy rate in Rocky River, Ohio is 6.7%, lower than the Ohio average of 8.1%.
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