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 | Vinton County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $194,711 | $130,696 | $242,182 |
| Price Trend (Annual %) | 29.2% | 6.8% | 8.2% |
| Median Gross Rent | $663 | $987 | $1,342 |
| Rent Trend (Annual %) | 1.1% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Vinton County is about 49% higher than in Ohio. Rent is about 33% 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 Vinton County, up about 29.2% and 1.1% a year respectively. Home prices are changing faster.
Median rent in Vinton County rose about 10.7% between 2015 and 2023, from $599 to $663. Over the same span, rent in Ohio rose about 35.4%.
Affordability
On average, housing unit costs 3.6 yearly household incomes in Vinton County.
Buying the median-priced home in Vinton County costs roughly 24.5 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 Vinton County. The price-to-rent ratio in Ohio is about 11.0.
| Metric | Vinton County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $194,711 | $130,696 | $242,182 |
| Median Household Income | $54,113 | $69,785 | $78,145 |
| Price-to-Income Ratio | 3.6 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Vinton County rose about 214.7%, while median household income rose about 60.1% 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 | Vinton County | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.1% | 61.4% | 58.2% |
| Rental Rate | 21.8% | 30.2% | 31.3% |
| Vacancy Rate | 12.0% | 8.4% | 10.6% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Vinton County has a homeownership rate of 66.1%, higher than the Ohio average of 61.4%. Its housing vacancy rate is 12.0%, compared with 8.4% in Ohio.
Housing Stock
| Metric | Vinton County | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.42 people | 2.38 people | 2.54 people |
| Median Structure Built Year | 1982 | 1970 | 1978 |
| Median Number of Rooms | 5.7 | 5.9 | 5.5 |
The typical housing unit in Vinton County was built around 1982. On average, 2.4 people live in a home with about 5.7 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Vinton County, Ohio.
What is the median home price in Vinton County, Ohio?
The median home price in Vinton County, Ohio is $194,711, higher than the Ohio average of $130,696.
What is the average home price in Vinton 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 Vinton County, Ohio?
The median gross rent in Vinton County, Ohio is $663 per month, lower than the Ohio average of $987.
What was the median gross rent in Vinton County in 2020?
In 2020, the median gross rent in Vinton County, Ohio was $606 per month.
What is the price-to-rent ratio in Vinton County, Ohio?
The price-to-rent ratio in Vinton County, Ohio is about 24.5, meaning it would take roughly 24.5 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 Vinton County.
Are home prices or rent rising faster in Vinton County, Ohio?
Both home prices and rent are rising in Vinton County, up about 29.2% and 1.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Vinton County, Ohio?
66.1% of households in Vinton County, Ohio own their home, higher than the Ohio average of 61.4%.
What is the vacancy rate in Vinton County, Ohio?
The housing vacancy rate in Vinton County, Ohio is 12.0%, higher than the Ohio average of 8.4%.