Richland County, Ohio Housing Market
In Richland County, Ohio, the median home value is $164,800, with a median monthly rent of $824. This places Richland County at #1909 nationally out of 3134 counties by median home value, and #57 within Ohio.
📈 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: $988
- Establishments: 2,745
- BLS QCEW, 2025
Housing Supply
- Single-family: 96
- Multi-family: 18
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 51,164 (avg $61,767)
- Outflow: 49,553 (avg $62,014)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 3 active ZIP codes in Richland County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 44907 | 208.4 | +10.23% | 2025 |
| 2 | 44905 | 215.4 | +4.16% | 2025 |
| 3 | 44906 | 185.1 | +5.67% | 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 Richland County Compares
| Metric | Richland County | Ohio Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $164,800 | $196,325 | $227,706 |
| Median Gross Rent | $824 | $904 | $968 |
| Owner Occupancy Rate | 67.9% | 73.7% | 73.3% |
| Price/Rent Ratio | 16.7 | 17.9 | 18.7 |
Market Analysis
The median home value in Richland County is 16.1% below the Ohio state average and 27.6% below the U.S. national average. The median rent of $824/month is 8.8% below the state average.
With a price-to-rent ratio of 16.7, the buy-vs-rent decision in Richland County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Richland County has an owner-occupancy rate of 67.9%, 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
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Henderson County | Tennessee | $164,800 | $745 |
| Logan County | Kentucky | $164,900 | $751 |
| Bowman County | North Dakota | $164,900 | $765 |
| Houston County | Texas | $164,900 | $887 |
| Howard County | Indiana | $165,000 | $937 |
Other Counties in Ohio
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Allen County | $165,300 | $922 | 67.7% |
| Adams County | $164,200 | $732 | 71.7% |
| Lucas County | $163,900 | $934 | 62.0% |
| Pike County | $163,800 | $907 | 68.5% |
| Huron County | $166,000 | $848 | 74.0% |
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).