Shelby County, Ohio Housing Market Prices
Shelby 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 5% below the Ohio median$131,785
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Median rent 11% below the Ohio median$922
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Shelby County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $131,785 | $139,044 | $248,835 |
| Price Trend (Annual %) | 21.3% | 6.7% | 7.5% |
| Median Gross Rent | $922 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 3.6% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Shelby County is about 5% lower than in Ohio. Rent is about 11% 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 Shelby County, up about 21.3% and 3.6% a year respectively. Home prices are changing faster.
Median rent in Shelby County rose about 34.8% between 2015 and 2024, from $684 to $922. Over the same span, rent in Ohio rose about 41.7%.
Affordability
On average, housing unit costs 1.8 yearly household incomes in Shelby County.
Buying the median-priced home in Shelby County costs roughly 11.9 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 Shelby County. The price-to-rent ratio in Ohio is about 11.2.
| Metric | Shelby County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $131,785 | $139,044 | $248,835 |
| Median Household Income | $73,782 | $71,509 | $80,455 |
| Price-to-Income Ratio | 1.8 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Shelby County rose about 97.2%, while median household income rose about 44.5% 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 | Shelby County | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.1% | 61.7% | 58.5% |
| Rental Rate | 24.7% | 30.1% | 31.2% |
| Vacancy Rate | 6.2% | 8.1% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Shelby County has a homeownership rate of 69.1%, higher than the Ohio average of 61.7%. Its housing vacancy rate is 6.2%, compared with 8.1% in Ohio.
Housing Stock
| Metric | Shelby County | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.51 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1971 | 1970 | 1978 |
| Median Number of Rooms | 6.1 | 5.9 | 5.5 |
The typical housing unit in Shelby County was built around 1971. On average, 2.5 people live in a home with about 6.1 rooms, staying for about 17.0 years on average.
Shelby County, OH Housing Compared With Nearby Counties
Shelby County, OH is the 3rd largest of the 5 counties compared here, 47,929 residents against a local median of 73,736. Shelby County, OH's median home price, at $131,785, runs 49% above the $88,326 typical of the counties around it.
The counties themselves spread $171,697 on median home price, so Shelby County, OH sits at one end of an already wide local range rather than apart from it. Shelby County, OH has the 2nd highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Shelby County, OH | 47,929 | $131,785 #2/5 | $922 #2/5 | 73.7% #3/5 |
| Auglaize County, OH | 46,123 | $87,651 | $867 | 78.1% |
| Miami County, OH | 110,296 | $223,077 | $965 | 73.4% |
| Logan County, OH | 46,089 | $89,001 | $845 | 77.6% |
| Allen County, OH | 101,348 | $51,379 | $922 | 67.7% |
Frequently Asked Questions
Common questions about the housing market in Shelby County, Ohio.
What is the median home price in Shelby County, Ohio?
The median home price in Shelby County, Ohio is $131,785, lower than the Ohio average of $139,044.
What is the average home price in Shelby County, Ohio?
The typical home price in Shelby County, Ohio, reported as the median sale price, is $131,785. 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 Shelby County, Ohio?
The median gross rent in Shelby County, Ohio is $922 per month, lower than the Ohio average of $1,033.
What was the median gross rent in Shelby County in 2020?
In 2020, the median gross rent in Shelby County, Ohio was $756 per month.
What is the price-to-rent ratio in Shelby County, Ohio?
The price-to-rent ratio in Shelby County, Ohio is about 11.9, meaning it would take roughly 11.9 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 Shelby County.
Are home prices or rent rising faster in Shelby County, Ohio?
Both home prices and rent are rising in Shelby County, up about 21.3% and 3.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Shelby County, Ohio?
69.1% of households in Shelby County, Ohio own their home, higher than the Ohio average of 61.7%.
What is the vacancy rate in Shelby County, Ohio?
The housing vacancy rate in Shelby County, Ohio is 6.2%, lower than the Ohio average of 8.1%.
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