Licking County, Ohio Housing Market
In Licking County, Ohio, the median home value is $275,200, with a median monthly rent of $1,078. This places Licking County at #750 nationally out of 3134 counties by median home value, and #8 within Ohio.
How is this calculated?
Composite of 4 axes: Affordability (30%), Stability (25%), Momentum (25%), Vitality (20%), each normalized as a percentile rank across 3134 U.S. counties. Editorial rating only — not investment advice or a property valuation.
Market Phase classifies the current state of the market based on 5-year price growth and recent FHFA momentum: 🔥 Boom · 📈 Growth · ⚖️ Stable · ❄️ Cooling · 🌱 Recovering. This is a present-state classification, not a forecast.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,178
- Establishments: 3,842
- BLS QCEW, 2025
Housing Supply
- Single-family: 153
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 75,798 (avg $78,761)
- Outflow: 72,628 (avg $78,953)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 8 active ZIP codes in Licking County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 43025 | 263.6 | +7.92% | 2025 |
| 2 | 43739 | 244.0 | +2.61% | 2025 |
| 3 | 43830 | 236.4 | +8.56% | 2025 |
| 4 | 43023 | 247.6 | +6.25% | 2025 |
| 5 | 43001 | 252.4 | +3.58% | 2025 |
| 6 | 43055 | 241.7 | +4.73% | 2025 |
| 7 | 43056 | 243.6 | +5.85% | 2025 |
| 8 | 43071 | 310.7 | +10.24% | 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.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Licking County Compares
| Metric | Licking County | Ohio Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $275,200 | $196,325 | $227,706 |
| Median Gross Rent | $1,078 | $904 | $968 |
| Owner Occupancy Rate | 73.7% | 73.7% | 73.3% |
| Price/Rent Ratio | 21.3 | 17.9 | 18.7 |
Market Analysis
The median home value in Licking County is 40.2% above the Ohio state average and 20.9% above the U.S. national average. The median rent of $1,078/month is 19.2% above the state average.
With a price-to-rent ratio of 21.3, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Licking County has an owner-occupancy rate of 73.7%, compared to 73.7% in Ohio and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Lancaster County | Nebraska | $275,200 | $1,085 |
| Lexington city | Virginia | $275,200 | $1,081 |
| Denali Borough | Alaska | $275,000 | $825 |
| Bear Lake County | Idaho | $275,000 | $632 |
| Dunn County | North Dakota | $275,000 | $922 |
Other Counties in Ohio
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Holmes County | $267,700 | $816 | 79.0% |
| Clermont County | $266,200 | $1,107 | 73.6% |
| Medina County | $287,000 | $1,143 | 80.3% |
| Franklin County | $288,400 | $1,302 | 52.8% |
| Butler County | $258,500 | $1,135 | 69.9% |
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 2026-10-15. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).