Wayne County, Ohio Housing Market Prices
Wayne 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 15% above the Ohio median$159,396
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Median rent 15% below the Ohio median$881
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Wayne County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $159,396 | $139,044 | $248,835 |
| Price Trend (Annual %) | 6.2% | 6.7% | 7.5% |
| Median Gross Rent | $881 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 3.1% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Wayne County is about 15% higher than in Ohio. Rent is about 15% 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 Wayne County, up about 6.2% and 3.1% a year respectively. Home prices are changing faster.
Median rent in Wayne County rose about 34.0% between 2015 and 2024, from $657 to $881. Over the same span, rent in Ohio rose about 41.7%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in Wayne County.
Buying the median-priced home in Wayne County costs roughly 15.1 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 Wayne County. The price-to-rent ratio in Ohio is about 11.2.
| Metric | Wayne County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $159,396 | $139,044 | $248,835 |
| Median Household Income | $73,877 | $71,509 | $80,455 |
| Price-to-Income Ratio | 2.2 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Wayne County rose about 56.8%, while median household income rose about 44.4% 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 | Wayne County | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.3% | 61.7% | 58.5% |
| Rental Rate | 22.1% | 30.1% | 31.2% |
| Vacancy Rate | 5.5% | 8.1% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Wayne County has a homeownership rate of 72.3%, higher than the Ohio average of 61.7%. Its housing vacancy rate is 5.5%, compared with 8.1% in Ohio.
Housing Stock
| Metric | Wayne County | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.53 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1974 | 1970 | 1978 |
| Median Number of Rooms | 6.3 | 5.9 | 5.5 |
The typical housing unit in Wayne County was built around 1974. On average, 2.5 people live in a home with about 6.3 rooms, staying for about 17.0 years on average.
Wayne County, OH Housing Compared With Nearby Counties
Wayne County, OH is the 4th largest of the 6 counties compared here, 116,585 residents against a local median of 183,656. The measure that sets Wayne County, OH apart most is median home price: $159,396, 20% above the local median of $132,462.
The counties themselves spread $302,602 on median home price, so Wayne County, OH sits at one end of an already wide local range rather than apart from it. Wayne County, OH has the 3rd highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Wayne County, OH | 116,585 | $159,396 #3/6 | $881 #5/6 | 76.6% #4/6 |
| Holmes County, OH | 44,391 | $321,206 | $816 | 79.0% |
| Medina County, OH | 183,656 | $205,434 | $1,143 | 80.3% |
| Ashland County, OH | 52,253 | $18,604 | $887 | 77.9% |
| Summit County, OH | 537,091 | $119,164 | $1,026 | 67.5% |
| Stark County, OH | 373,683 | $132,462 | $909 | 69.2% |
Frequently Asked Questions
Common questions about the housing market in Wayne County, Ohio.
What is the median home price in Wayne County, Ohio?
The median home price in Wayne County, Ohio is $159,396, higher than the Ohio average of $139,044.
What is the average home price in Wayne County, Ohio?
The typical home price in Wayne County, Ohio, reported as the median sale price, is $159,396. 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 Wayne County, Ohio?
The median gross rent in Wayne County, Ohio is $881 per month, lower than the Ohio average of $1,033.
What was the median gross rent in Wayne County in 2020?
In 2020, the median gross rent in Wayne County, Ohio was $754 per month.
What is the price-to-rent ratio in Wayne County, Ohio?
The price-to-rent ratio in Wayne County, Ohio is about 15.1, meaning it would take roughly 15.1 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 Wayne County.
Are home prices or rent rising faster in Wayne County, Ohio?
Both home prices and rent are rising in Wayne County, up about 6.2% and 3.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Wayne County, Ohio?
72.3% of households in Wayne County, Ohio own their home, higher than the Ohio average of 61.7%.
What is the vacancy rate in Wayne County, Ohio?
The housing vacancy rate in Wayne County, Ohio is 5.5%, lower than the Ohio average of 8.1%.
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