Summit County
Ohio · Pop. 540,428
Ranked #10 of 200 counties
60Moderate
Median Home Price
🏠$200K
3.5% YoY
Median Rent
🔑$1,050
Median Income
💰$55K
Rent Burden
📊27.0%
% of income to rent
Housing Shortage
🏗️8,000
estimated unit deficit
Building Permits (2024)
📋2,200
Price-to-Income Ratio
⚖️3.6x
Homeownership Rate
🏡62.0%
How Summit County Compares
| Metric | Summit County | Ohio | National |
|---|---|---|---|
| Home Price | $200K | $220K | $410K |
| Rent | $1,050 | $1,014 | $1,500 |
| Income | $55K | $68K | $75K |
| Rent Burden | 27.0% | 29.5% | 30.0% |
| Homeownership | 62.0% | 67.0% | 65.0% |
Key Takeaways
- • Home prices are 51% below the national average.
- • Rent is 30% below the national average.
- • The county has an estimated housing shortage of 8,000 units.
- • 2,200 building permits were issued in 2024.
- • Year-over-year home prices changed by 3.5%.