Summit County, Ohio Housing Market
In Summit County, Ohio, the median home value is $208,700, with a median monthly rent of $1,026. This places Summit County at #1314 nationally out of 3134 counties by median home value, and #27 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: $1,249
- Establishments: 15,327
- BLS QCEW, 2025
Housing Supply
- Single-family: 453
- Multi-family: 93
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 234,246 (avg $85,066)
- Outflow: 228,792 (avg $85,303)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Summit County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 44314 | 167.7 | +1.90% | 2025 |
| 2 | 44286 | 170.0 | -7.16% | 2025 |
| 3 | 44305 | 159.7 | +5.14% | 2025 |
| 4 | 44320 | 176.5 | +4.29% | 2025 |
| 5 | 44067 | 192.0 | +3.98% | 2025 |
| 6 | 44310 | 174.7 | +10.17% | 2025 |
| 7 | 44262 | 200.2 | +12.74% | 2025 |
| 8 | 44302 | 214.3 | +7.10% | 2025 |
| 9 | 44087 | 191.7 | +7.07% | 2025 |
| 10 | 44319 | 201.3 | +9.23% | 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 Summit County Compares
| Metric | Summit County | Ohio Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $208,700 | $196,325 | $227,706 |
| Median Gross Rent | $1,026 | $904 | $968 |
| Owner Occupancy Rate | 67.5% | 73.7% | 73.3% |
| Price/Rent Ratio | 17.0 | 17.9 | 18.7 |
Market Analysis
The median home value in Summit County is 6.3% above the Ohio state average and 8.3% below the U.S. national average. The median rent of $1,026/month is 13.5% above the state average.
With a price-to-rent ratio of 17.0, the buy-vs-rent decision in Summit County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Summit County has an owner-occupancy rate of 67.5%, 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 |
|---|---|---|---|
| Dodge County | Nebraska | $208,600 | $1,060 |
| Hamlin County | South Dakota | $208,600 | $800 |
| Nueces County | Texas | $208,800 | $1,283 |
| Madison County | Nebraska | $208,500 | $881 |
| Pitt County | North Carolina | $208,900 | $993 |
Other Counties in Ohio
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Shelby County | $208,100 | $922 | 73.7% |
| Mercer County | $210,600 | $804 | 79.6% |
| Clinton County | $211,900 | $910 | 71.8% |
| Hancock County | $204,700 | $979 | 70.8% |
| Champaign County | $204,000 | $905 | 76.8% |
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).