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 | Scioto County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $71,940 | $130,696 | $242,182 |
| Price Trend (Annual %) | 6.2% | 6.8% | 8.2% |
| Median Gross Rent | $748 | $987 | $1,342 |
| Rent Trend (Annual %) | 4.0% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Scioto County is about 45% 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 Scioto County, up about 6.2% and 4.0% a year respectively. Home prices are changing faster.
Median rent in Scioto County rose about 36.0% between 2015 and 2023, from $550 to $748. Over the same span, rent in Ohio rose about 35.4%.
Affordability
On average, housing unit costs 1.5 yearly household incomes in Scioto County.
Buying the median-priced home in Scioto County costs roughly 8.0 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 Scioto County. The price-to-rent ratio in Ohio is about 11.0.
| Metric | Scioto County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $71,940 | $130,696 | $242,182 |
| Median Household Income | $49,605 | $69,785 | $78,145 |
| Price-to-Income Ratio | 1.5 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Scioto County rose about 56.3%, while median household income rose about 53.5% between 2009 and 2023 — 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 | Scioto County | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.6% | 61.4% | 58.2% |
| Rental Rate | 26.8% | 30.2% | 31.3% |
| Vacancy Rate | 13.6% | 8.4% | 10.6% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Scioto County has a homeownership rate of 59.6%, lower than the Ohio average of 61.4%. Its housing vacancy rate is 13.6%, compared with 8.4% in Ohio.
Housing Stock
| Metric | Scioto County | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.43 people | 2.38 people | 2.54 people |
| Median Structure Built Year | 1971 | 1970 | 1978 |
| Median Number of Rooms | 5.6 | 5.9 | 5.5 |
The typical housing unit in Scioto County was built around 1971. On average, 2.4 people live in a home with about 5.6 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Scioto County, Ohio.
What is the median home price in Scioto County, Ohio?
The median home price in Scioto County, Ohio is $71,940, lower than the Ohio average of $130,696.
What is the average home price in Scioto 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 Scioto County, Ohio?
The median gross rent in Scioto County, Ohio is $748 per month, lower than the Ohio average of $987.
What was the median gross rent in Scioto County in 2020?
In 2020, the median gross rent in Scioto County, Ohio was $633 per month.
What is the price-to-rent ratio in Scioto County, Ohio?
The price-to-rent ratio in Scioto County, Ohio is about 8.0, meaning it would take roughly 8.0 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 Scioto County.
Are home prices or rent rising faster in Scioto County, Ohio?
Both home prices and rent are rising in Scioto County, up about 6.2% and 4.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Scioto County, Ohio?
59.6% of households in Scioto County, Ohio own their home, lower than the Ohio average of 61.4%.
What is the vacancy rate in Scioto County, Ohio?
The housing vacancy rate in Scioto County, Ohio is 13.6%, higher than the Ohio average of 8.4%.