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 | Warren County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $287,248 | $130,696 | $242,182 |
| Price Trend (Annual %) | 19.6% | 6.8% | 8.2% |
| Median Gross Rent | $1,292 | $987 | $1,342 |
| Rent Trend (Annual %) | 4.4% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Warren County is about 120% higher than in Ohio. Rent is about 31% higher 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 Warren County, up about 19.6% and 4.4% a year respectively. Home prices are changing faster.
Median rent in Warren County rose about 40.0% between 2015 and 2023, from $923 to $1,292. Over the same span, rent in Ohio rose about 35.4%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Warren County.
Buying the median-priced home in Warren County costs roughly 18.5 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Warren County. The price-to-rent ratio in Ohio is about 11.0.
| Metric | Warren County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $287,248 | $130,696 | $242,182 |
| Median Household Income | $107,833 | $69,785 | $78,145 |
| Price-to-Income Ratio | 2.7 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Warren County rose about 148.2%, while median household income rose about 51.8% 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 | Warren County | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 75.7% | 61.4% | 58.2% |
| Rental Rate | 19.4% | 30.2% | 31.3% |
| Vacancy Rate | 4.9% | 8.4% | 10.6% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Warren County has a homeownership rate of 75.7%, higher than the Ohio average of 61.4%. Its housing vacancy rate is 4.9%, compared with 8.4% in Ohio.
Housing Stock
| Metric | Warren County | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.66 people | 2.38 people | 2.54 people |
| Median Structure Built Year | 1986 | 1970 | 1978 |
| Median Number of Rooms | 6.7 | 5.9 | 5.5 |
The typical housing unit in Warren County was built around 1986. On average, 2.7 people live in a home with about 6.7 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Warren County, Ohio.
What is the median home price in Warren County, Ohio?
The median home price in Warren County, Ohio is $287,248, higher than the Ohio average of $130,696.
What is the average home price in Warren 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 Warren County, Ohio?
The median gross rent in Warren County, Ohio is $1,292 per month, higher than the Ohio average of $987.
What was the median gross rent in Warren County in 2020?
In 2020, the median gross rent in Warren County, Ohio was $1,075 per month.
What is the price-to-rent ratio in Warren County, Ohio?
The price-to-rent ratio in Warren County, Ohio is about 18.5, meaning it would take roughly 18.5 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Warren County.
Are home prices or rent rising faster in Warren County, Ohio?
Both home prices and rent are rising in Warren County, up about 19.6% and 4.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Warren County, Ohio?
75.7% of households in Warren County, Ohio own their home, higher than the Ohio average of 61.4%.
What is the vacancy rate in Warren County, Ohio?
The housing vacancy rate in Warren County, Ohio is 4.9%, lower than the Ohio average of 8.4%.