Fayette County, Ohio Housing Market

In Fayette County, Ohio, the median home value is $170,700, with a median monthly rent of $822. This places Fayette County at #1792 nationally out of 3134 counties by median home value, and #51 within Ohio.

Median Home Value $170,700
Median Rent $822/mo
Owner Occupancy 64.7%
Price/Rent Ratio 17.3

📈 Price Trend (2017 → 2024)

📊 Recent Market Momentum (FHFA HPI)

FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025

💡 Year-over-Year Trend: Home prices in Fayette County rose +5.7% year-over-year as of 2025. (Source: FHFA)

📍 Economic Snapshot

💼

Employment & Wages

10,632
jobs (private sector)
  • Avg weekly wage: $1,029
  • Establishments: 646
  • BLS QCEW, 2025
🏗️

Housing Supply

81
new units authorized (2025)
  • Single-family: 79
  • Multi-family: 2
  • U.S. Census Bureau, Building Permits Survey
🚚

Migration Patterns

+392
net migration (filers, 2021-2022)
  • Inflow: 11,622 (avg $58,161)
  • Outflow: 11,230 (avg $58,670)
  • IRS Statistics of Income

📍 Sub-Market Activity

Top 4 active ZIP codes in Fayette County · Latest: 2025

# ZIP Code HPI YoY Change Latest Year
1 43145 120.5 -50.17% 2025
2 45123 261.5 +18.39% 2025
3 43160 233.2 +6.36% 2025
4 43143 247.5 +2.78% 2025

Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.

How Fayette County Compares

MetricFayette CountyOhio AverageU.S. Average
Median Home Value $170,700 $196,325 $227,706
Median Gross Rent $822 $904 $968
Owner Occupancy Rate 64.7% 73.7% 73.3%
Price/Rent Ratio 17.3 17.9 18.7

Market Analysis

The median home value in Fayette County is 13.1% below the Ohio state average and 25.0% below the U.S. national average. The median rent of $822/month is 9.1% below the state average.

With a price-to-rent ratio of 17.3, the buy-vs-rent decision in Fayette County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.

Fayette County has an owner-occupancy rate of 64.7%, compared to 73.7% in Ohio and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.

Similar Counties by Home Value

CountyStateMedian Home ValueMedian Rent
Bates County Missouri $170,800 $786
Dade County Missouri $170,600 $683
Gates County North Carolina $170,800 $1,143
Graham County North Carolina $170,600 $676
Laurens County South Carolina $170,600 $880

Other Counties in Ohio

CountyMedian Home ValueMedian RentOwner Occ.
Ross County $171,500 $906 69.6%
Clark County $169,900 $872 69.4%
Highland County $168,900 $780 74.3%
Henry County $168,600 $849 82.5%
Darke County $173,200 $779 72.4%

Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).