Department of Numbers

Medina County Ohio Residential Rent and Rental Statistics

The median monthly gross residential rent in Medina County OH was $835 in 2017 according to the Census ACS survey.1 Average gross rent in Medina County was $875 in 2017. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2018 Medina County median and average rent data will be released in September of 2019.

Data is also available below for Medina County rental vacancy rates, Medina County rent as a percent of median income and the fraction of renters in Medina County.

Show dollars as: Nominal Real

Real Gross Rent in Medina County Ohio (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Ohio Median Gross Rent $772 +0.13% +2.52%
Medina County OH Median Gross Rent $835 -0.12% -2.45%

Medina County OH Real Gross Rent Trends

Median gross rent for Medina County peaked in real terms in 2008 at $899 and is now $64 (7.12%) lower. From a recent low of 812.0 in 2012, real median gross rent has now increased by $23 (2.83%). Average gross rent for Medina County peaked in real terms in 2008 at $965 and is now $90 (9.33%) lower. From a recent low of 804.0 in 2009, real average gross rent has now increased by $71 (8.83%).

Real Gross Rent: Medina County OH Median, Medina County OH Average, Ohio Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Medina County

Date US
Median
Ohio
Median
Medina County OH
Median
Medina County OH
Average
2017 $1,012 $772 $835 $875
2016 $996 $771 $836 $886
2015 $987 $768 $835 $840
2014 $956 $753 $856 $869
2013 $924 $724 $859 $880
2012 $912 $722 $812 $810
2011 $912 $725 $842 $860
2010 $927 $742 $854 $811
2009 $931 $741 $835 $804
2008 $947 $766 $899 $965
2007 $899 $733 $837 $835
2006 $909 $747 $873 $903

Medina County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Medina County Ohio was 3.93% according to Census ACS data.

Rental Vacancy Rate in Medina County Ohio

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Ohio 5.62% +0.18% -0.64%
Medina County OH 3.93% -1.40% -0.62%

Trends in Medina County OH Rental Vacancy Rate

The rental vacancy rate in Medina County peaked in 2007 at 14.55%. Since then it has fallen by 10.62% to 3.93%. Data records for this series originated in 2005. From a 2012 post peak low of 2.99%, the rental vacancy rate has increased by 0.94%.

Rental Vacancy Rate: Medina County OH, Ohio, US

Rental vacancy rate in Ohio

Historical Rental Vacancy Rate data for Medina County

Date US Ohio Medina County OH
2017 6.18% 5.62% 3.93%
2016 5.89% 5.44% 5.33%
2015 5.85% 5.56% 3.93%
2014 6.32% 6.26% 4.55%
2013 6.49% 6.15% 3.98%
2012 6.77% 7.08% 2.99%
2011 7.40% 7.89% 6.27%
2010 8.17% 9.45% 5.62%
2009 8.43% 9.17%
2008 7.86% 9.68% 8.81%
2007 7.87% 10.00% 14.55%
2006 7.70% 10.68% 9.11%

Rent as a Fraction of Income

Using median household income data for Medina County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Medina County, median monthly gross rent as a fraction of median household income was 14.04% in 2017 according to the ACS.

Medina County Ohio Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Ohio 17.15% -0.25% -0.74%
Medina County OH 14.04% +0.44% -0.72%

Trends in Medina County OH Rent as a Fraction of Income

The fraction of median Medina County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 16.20%. Since then it has fallen by 2.15% to 14.04%.

Fraction of Income towards Rent: Medina County OH, Ohio, US

Percent of median household income going towards median monthly gross rent in Medina County Ohio

Historical Data for Annual Rent as a Fraction of Income in Medina County Ohio

Date US Ohio Medina County OH
2017 20.13% 17.15% 14.04%
2016 20.43% 17.40% 13.60%
2015 20.63% 17.53% 13.92%
2014 20.89% 17.89% 14.76%
2013 20.78% 17.70% 15.18%
2012 20.65% 17.94% 14.51%
2011 20.70% 18.15% 16.20%
2010 20.50% 18.23% 14.88%
2009 20.12% 17.71% 13.67%
2008 19.00% 16.68% 14.37%
2007 18.66% 16.56% 14.36%
2006 18.90% 16.90% 13.62%

Renter Fraction in Medina County Ohio

You can calculate the renter fraction in Medina County 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 Medina County as a fraction of total Medina County households. In 2017 21.23% of households were renters according to Census ACS data.

Medina County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Ohio 34.22% -0.42% -0.45%
Medina County OH 21.23% +2.63% +2.58%

Trends in the Medina County OH Renter Fraction

The Medina County household renter fraction peaked in in 2013 at 23.51% and is now 2.28% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Medina County OH, Ohio, US

Fraction of renters in Medina County

History of Medina County Renter Fraction

Date US Ohio Medina County OH
2017 36.13% 34.22% 21.23%
2016 36.88% 34.64% 18.60%
2015 36.97% 34.59% 20.58%
2014 36.90% 34.67% 18.65%
2013 36.50% 33.93% 23.51%
2012 36.09% 33.71% 21.17%
2011 35.42% 33.02% 20.25%
2010 34.65% 31.60% 20.33%
2009 34.13% 31.95% 17.59%
2008 33.36% 30.95% 19.12%
2007 32.80% 30.32% 19.41%
2006 32.73% 29.99% 16.09%

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.