South Euclid, Ohio Housing Market Prices
South Euclid 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 2% below the Ohio median$135,904
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Median rent 32% above the Ohio median$1,367
Housing Market Overview
| Metric | South Euclid | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $135,904 | $139,044 | $248,835 |
| Price Trend (Annual %) | 7.8% | 6.7% | 7.5% |
| Median Gross Rent | $1,367 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 4.8% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in South Euclid is about 2% lower than in Ohio. Rent is about 32% 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 South Euclid, up about 7.8% and 4.8% a year respectively. Home prices are changing faster.
Median rent in South Euclid rose about 42.5% between 2015 and 2024, from $959 to $1,367. Over the same span, rent in Ohio rose about 41.7%.
Affordability
On average, housing unit costs 1.7 yearly household incomes in South Euclid.
Buying the median-priced home in South Euclid costs roughly 8.3 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 South Euclid. The price-to-rent ratio in Ohio is about 11.2.
| Metric | South Euclid | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $135,904 | $139,044 | $248,835 |
| Median Household Income | $81,206 | $71,509 | $80,455 |
| Price-to-Income Ratio | 1.7 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in South Euclid rose about 78.9%, while median household income rose about 32.8% 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 | South Euclid | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 76.6% | 61.7% | 58.5% |
| Rental Rate | 17.2% | 30.1% | 31.2% |
| Vacancy Rate | 6.2% | 8.1% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
South Euclid has a homeownership rate of 76.6%, higher than the Ohio average of 61.7%. Its housing vacancy rate is 6.2%, compared with 8.1% in Ohio.
Housing Stock
| Metric | South Euclid | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.44 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1953 | 1970 | 1978 |
| Median Number of Rooms | 6.5 | 5.9 | 5.5 |
The typical housing unit in South Euclid was built around 1953. On average, 2.4 people live in a home with about 6.5 rooms, staying for about 16.0 years on average.
South Euclid, OH Housing Compared With Nearby Cities
How South Euclid, OH compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| South Euclid, OH | 21,544 | $135,904 #2/2 | $1,367 #1/2 | 81.7% #1/2 |
| Cleveland Heights, OH | 44,352 | $163,355 | $1,215 | 58.1% |
Frequently Asked Questions
Common questions about the housing market in South Euclid, Ohio.
What is the median home price in South Euclid, Ohio?
The median home price in South Euclid, Ohio is $135,904, lower than the Ohio average of $139,044.
What is the average home price in South Euclid, Ohio?
The typical home price in South Euclid, Ohio, reported as the median sale price, is $135,904. 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 South Euclid, Ohio?
The median gross rent in South Euclid, Ohio is $1,367 per month, higher than the Ohio average of $1,033.
What was the median gross rent in South Euclid in 2020?
In 2020, the median gross rent in South Euclid, Ohio was $1,072 per month.
What is the price-to-rent ratio in South Euclid, Ohio?
The price-to-rent ratio in South Euclid, Ohio is about 8.3, meaning it would take roughly 8.3 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 South Euclid.
Are home prices or rent rising faster in South Euclid, Ohio?
Both home prices and rent are rising in South Euclid, up about 7.8% and 4.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in South Euclid, Ohio?
76.6% of households in South Euclid, Ohio own their home, higher than the Ohio average of 61.7%.
What is the vacancy rate in South Euclid, Ohio?
The housing vacancy rate in South Euclid, Ohio is 6.2%, lower than the Ohio average of 8.1%.
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