Westerville, Ohio Housing Market Prices
Westerville 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 152% above the Ohio median$350,019
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Median rent 35% above the Ohio median$1,399
Housing Market Overview
| Metric | Westerville | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $350,019 | $139,044 | $248,835 |
| Price Trend (Annual %) | 18.9% | 6.7% | 7.5% |
| Median Gross Rent | $1,399 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 5.4% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Westerville is about 152% higher than in Ohio. Rent is about 35% higher than the Ohio average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Westerville, up about 18.9% and 5.4% a year respectively. Home prices are changing faster.
Median rent in Westerville rose about 49.4% between 2015 and 2024, from $936 to $1,399. Over the same span, rent in Ohio rose about 41.7%.
Affordability
On average, housing unit costs 3.2 yearly household incomes in Westerville.
Buying the median-priced home in Westerville costs roughly 20.9 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 Westerville. The price-to-rent ratio in Ohio is about 11.2.
| Metric | Westerville | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $350,019 | $139,044 | $248,835 |
| Median Household Income | $109,206 | $71,509 | $80,455 |
| Price-to-Income Ratio | 3.2 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Westerville rose about 231.7%, while median household income rose about 36.2% 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 | Westerville | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.1% | 61.7% | 58.5% |
| Rental Rate | 27.6% | 30.1% | 31.2% |
| Vacancy Rate | 4.3% | 8.1% | 10.2% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Westerville has a homeownership rate of 68.1%, higher than the Ohio average of 61.7%. Its housing vacancy rate is 4.3%, compared with 8.1% in Ohio.
Housing Stock
| Metric | Westerville | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.47 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1980 | 1970 | 1978 |
| Median Number of Rooms | 6.8 | 5.9 | 5.5 |
The typical housing unit in Westerville was built around 1980. On average, 2.5 people live in a home with about 6.8 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Westerville, Ohio.
What is the median home price in Westerville, Ohio?
The median home price in Westerville, Ohio is $350,019, higher than the Ohio average of $139,044.
What is the average home price in Westerville, Ohio?
The typical home price in Westerville, Ohio, reported as the median sale price, is $350,019. 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 Westerville, Ohio?
The median gross rent in Westerville, Ohio is $1,399 per month, higher than the Ohio average of $1,033.
What was the median gross rent in Westerville in 2020?
In 2020, the median gross rent in Westerville, Ohio was $1,133 per month.
What is the price-to-rent ratio in Westerville, Ohio?
The price-to-rent ratio in Westerville, Ohio is about 20.9, meaning it would take roughly 20.9 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 Westerville.
Are home prices or rent rising faster in Westerville, Ohio?
Both home prices and rent are rising in Westerville, up about 18.9% and 5.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Westerville, Ohio?
68.1% of households in Westerville, Ohio own their home, higher than the Ohio average of 61.7%.
What is the vacancy rate in Westerville, Ohio?
The housing vacancy rate in Westerville, Ohio is 4.3%, lower than the Ohio average of 8.1%.
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