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 | Williams County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $113,932 | $130,696 | $242,182 |
| Price Trend (Annual %) | 0.8% | 6.8% | 8.2% |
| Median Gross Rent | $805 | $987 | $1,342 |
| Rent Trend (Annual %) | 3.3% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Williams County is about 13% lower than in Ohio. Rent is about 18% 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 Williams County, up about 0.8% and 3.3% a year respectively. Rent is changing faster.
Median rent in Williams County rose about 27.4% between 2015 and 2023, from $632 to $805. Over the same span, rent in Ohio rose about 35.4%.
Affordability
On average, housing unit costs 1.8 yearly household incomes in Williams County.
Buying the median-priced home in Williams County costs roughly 11.8 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 Williams County. The price-to-rent ratio in Ohio is about 11.0.
| Metric | Williams County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $113,932 | $130,696 | $242,182 |
| Median Household Income | $61,908 | $69,785 | $78,145 |
| Price-to-Income Ratio | 1.8 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Williams County rose about 155.8%, while median household income rose about 38.4% 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 | Williams County | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.5% | 61.4% | 58.2% |
| Rental Rate | 22.7% | 30.2% | 31.3% |
| Vacancy Rate | 6.8% | 8.4% | 10.6% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Williams County has a homeownership rate of 70.5%, higher than the Ohio average of 61.4%. Its housing vacancy rate is 6.8%, compared with 8.4% in Ohio.
Housing Stock
| Metric | Williams County | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.32 people | 2.38 people | 2.54 people |
| Median Structure Built Year | 1966 | 1970 | 1978 |
| Median Number of Rooms | 6.1 | 5.9 | 5.5 |
The typical housing unit in Williams County was built around 1966. On average, 2.3 people live in a home with about 6.1 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Williams County, Ohio.
What is the median home price in Williams County, Ohio?
The median home price in Williams County, Ohio is $113,932, lower than the Ohio average of $130,696.
What is the average home price in Williams 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 Williams County, Ohio?
The median gross rent in Williams County, Ohio is $805 per month, lower than the Ohio average of $987.
What was the median gross rent in Williams County in 2020?
In 2020, the median gross rent in Williams County, Ohio was $692 per month.
What is the price-to-rent ratio in Williams County, Ohio?
The price-to-rent ratio in Williams County, Ohio is about 11.8, meaning it would take roughly 11.8 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 Williams County.
Are home prices or rent rising faster in Williams County, Ohio?
Both home prices and rent are rising in Williams County, up about 0.8% and 3.3% a year respectively. Rent is changing faster.
What is the homeownership rate in Williams County, Ohio?
70.5% of households in Williams County, Ohio own their home, higher than the Ohio average of 61.4%.
What is the vacancy rate in Williams County, Ohio?
The housing vacancy rate in Williams County, Ohio is 6.8%, lower than the Ohio average of 8.4%.