Ohio
Ranked #13 of 51 for housing affordability
Median Home Price
🏠$220K
3.25x income
Median Rent
🔑$1,014
29.5% rent-burdened
Median Income
💰$68K
Population: 11,756,058
Homeownership
🏡67.0%
10,655 experiencing homelessness
Housing Shortage
📉75,000
units needed
Building Permits (2024)
🔨31,411
Price-to-Income
📊3.25x
Severe Rent Burden
⚠️14.5%
paying >50% of income
Rent Burden Breakdown
vs. National Average
House Price Index (2000–2025)
FHFA All-Transactions HPI · Base = 100 (1980s)
HUD Fair Market Rents (FY2026)
Maximum rent HUD considers fair for Section 8 voucher holders
FMR ($1219) is above the state median rent ($1014) — vouchers cover typical rents.
Metros in Ohio
| Metro | Score | Home Price | Rent | Income | Rent Burden |
|---|---|---|---|---|---|
| Cincinnati | 66 | $270K | $1,101 | $78K | 29.0% |
| Columbus | 58 | $195K | $998 | $55K | 30.5% |
| Cleveland | 72 | $217K | $1,032 | $68K | 31.5% |
| Dayton | 75 | $210K | $1,027 | $67K | 29.5% |
| Akron | 89 | $216K | $1,029 | $70K | 25.1% |
| Toledo | 91 | $185K | $927 | $63K | 21.6% |
| Youngstown-Warren | 91 | $150K | $788 | $51K | 24.2% |
| Canton-Massillon | 90 | $189K | $887 | $64K | 18.4% |
| Sandusky | 88 | $207K | $886 | $65K | 25.7% |
| Mansfield | 89 | $177K | $808 | $57K | 15.8% |
| Lima | 93 | $180K | $941 | $67K | 20.3% |
Market Trends
Homeownership Rate
67.0%
Rent-to-Income Ratio
18.0%
of gross income spent on rent
Total Households
4,917,309
Owner-Occupied
3,300,279
Renter-Occupied
1,617,030
Homelessness
Latest Count (2024)
11,759
1-Year Change
+3.3%
10-Year Trend (2015–2024)
+5.2%
11,182 → 11,759
Housing Policies
Construction Activity
Total Permits (2024)
31,411
2.2% of national total
Single-Family
17,791
57% of state permits
Multi-Family
13,620
43% of state permits
Mortgage Access
National HMDA data — mortgage denial rates by race/ethnicity
Denial Rates by Race
Top Denial Reasons
Housing Shortage
State Shortage
75,000
units needed
National Shortage
7,300,000
1.0% of national total
Affordable Units per 100 ELI Renters
35
nationally (NLIHC)
National Shortage by Unit Type
45%
Single-Family
18%
Small Multi (2-4)
22%
Medium Multi (5-49)
15%
Large Multi (50+)
Rent Burden Detail
Ohio burden rates with national demographic breakdown
Cost-Burdened Renters
29.5%
paying >30% of income
Severely Burdened
14.5%
paying >50% of income
Households >30% Burden
360,207
Households >35% Burden
113,123