Ohio Residential Rent and Rental Statistics
The median monthly gross residential rent in Ohio was $813 in 2019 according to the Census ACS survey.1 Average gross rent was $824 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Ohio median and average rent data will be released in September of 2021.
Data is also available below for Ohio rental vacancy rates, Ohio rent as a percent of median income and the fraction of renters in Ohio.
Real Gross Rent in Ohio (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Ohio Median Gross Rent | $813 | +0.25% | +2.26% |
Ohio Real Gross Rent Trends
At $813, real median gross rent in Ohio was at its highest level in 2019 since the series began in 2005. At $824, real average gross rent in Ohio was at its highest level in 2019 since the series began in 2005.
Real Gross Rent in Ohio: Median, Average, US Median
Real Gross Rent History for Ohio
| Date | US Median | Ohio Median | Ohio Average |
|---|---|---|---|
| 2019 | $1,097 | $813 | $824 |
| 2018 | $1,077 | $811 | $819 |
| 2017 | $1,043 | $796 | $801 |
| 2016 | $1,027 | $795 | $806 |
| 2015 | $1,017 | $791 | $802 |
| 2014 | $986 | $776 | $775 |
| 2013 | $953 | $747 | $757 |
| 2012 | $940 | $745 | $751 |
| 2011 | $941 | $747 | $755 |
| 2010 | $955 | $765 | $772 |
| 2009 | $960 | $764 | $768 |
| 2007 | $927 | $755 | $747 |
| 2005 | $910 | $766 | $759 |
Ohio Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Ohio was 4.67% according to Census ACS data.
Rental Vacancy Rate in Ohio
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Ohio | 4.67% | -0.87% | -0.77% |
Trends in Ohio Rental Vacancy Rate
The rental vacancy rate in Ohio peaked in 2006 at 10.68%. Since then it has fallen by 6.01% to 4.67%. Data records for this series originated in 2005.
Rental Vacancy Rate: Ohio, US
Historical Rental Vacancy Rate data for Ohio
| Date | US | Ohio |
|---|---|---|
| 2019 | 5.97% | 4.67% |
| 2018 | 6.15% | 5.54% |
| 2017 | 6.18% | 5.62% |
| 2016 | 5.89% | 5.44% |
| 2015 | 5.85% | 5.56% |
| 2014 | 6.32% | 6.26% |
| 2013 | 6.49% | 6.15% |
| 2012 | 6.77% | 7.08% |
| 2011 | 7.40% | 7.89% |
| 2010 | 8.17% | 9.45% |
| 2009 | 8.43% | 9.17% |
| 2007 | 7.87% | 10.00% |
| 2005 | 7.74% | 10.37% |
Ohio Rent as a Fraction of Income
Using median household income data for Ohio, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Ohio, median monthly gross rent as a fraction of median household income was 16.64% in 2019 according to the ACS.
Ohio Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Ohio | 16.64% | -0.41% | -0.77% |
Trends in Ohio Rent as a Fraction of Income
The fraction of median Ohio household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 18.23%. Since then it has fallen by 1.59% to 16.64%.
Fraction of Income towards Rent: Ohio, US
Historical Data for Annual Rent as a Fraction of Income in Ohio
| Date | US | Ohio |
|---|---|---|
| 2019 | 20.03% | 16.64% |
| 2018 | 20.50% | 17.04% |
| 2017 | 20.13% | 17.15% |
| 2016 | 20.43% | 17.40% |
| 2015 | 20.63% | 17.53% |
| 2014 | 20.89% | 17.89% |
| 2013 | 20.78% | 17.70% |
| 2012 | 20.65% | 17.94% |
| 2011 | 20.70% | 18.15% |
| 2010 | 20.50% | 18.23% |
| 2009 | 20.12% | 17.71% |
| 2007 | 18.66% | 16.56% |
| 2005 | 18.89% | 16.91% |
Renter Fraction in Ohio
You can calculate the renter fraction in Ohio in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Ohio as a fraction of total Ohio households. In 2019 33.96% of households were renters according to Census ACS data.
Ohio Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Ohio | 33.96% | -0.17% | -0.68% |
Trends in the Ohio Renter Fraction
The Ohio household renter fraction peaked in in 2014 at 34.67% and is now 0.71% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Ohio, US
History of Ohio Renter Fraction
| Date | US | Ohio |
|---|---|---|
| 2019 | 35.89% | 33.96% |
| 2018 | 36.05% | 34.13% |
| 2017 | 36.13% | 34.22% |
| 2016 | 36.88% | 34.64% |
| 2015 | 36.97% | 34.59% |
| 2014 | 36.90% | 34.67% |
| 2013 | 36.50% | 33.93% |
| 2012 | 36.09% | 33.71% |
| 2011 | 35.42% | 33.02% |
| 2010 | 34.65% | 31.60% |
| 2009 | 34.13% | 31.95% |
| 2007 | 32.80% | 30.32% |
| 2005 | 33.10% | 30.06% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
