Cost of Living in Holmes County, Ohio

$773/mo
Median Monthly Rent
$251,800
Median Home Value
11% below state averageUnaffordable

At a Glance

Median Monthly Rent
$773/mo
11% below state average
Median Home Value
$251,800
11% below national
Rent-to-Income Ratio
23.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Holmes County Compares

Median monthly rent comparison

Holmes County$773/mo
Ohio Average$873/mo
National Median$1,163/mo

Detailed Housing Stats

$773/mo
Median Gross Rent
$251,800
Median Home Value
$986/mo
Monthly Owner Cost
23.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Holmes County, Ohio

Holmes tops Ohio on affordability

At 12.4%, Holmes County's rent-to-income ratio is among the nation's best, allowing renters to keep significantly more income for other needs. The median household income of $74,774 nearly matches the national average, while rents of $773 remain below state and regional norms.

Ohio's most affordable county

Holmes County's 12.4% rent-to-income ratio ranks as the state's best, beating the Ohio average of 15.6% by a substantial 3.2 percentage points. This superior affordability combines strong incomes with reasonable housing costs.

Holmes edges out even Henry County

At 12.4%, Holmes County's rent-to-income ratio ranks just below Henry County's 13.1%, making it the region's most affordable. Both counties significantly outpace peers, though Holmes achieves this with higher home values ($251,800) reflecting a different market dynamic.

Holmes' exceptional housing math

On a $74,774 median household income, renters pay $773 monthly (12.4% of income), while homeowners pay $986 (15.8% of income). Both ratios sit well below the 30% affordability threshold, providing substantial household flexibility even with higher ownership costs.

Holmes County: Ohio's best value play

For anyone relocating to Ohio, Holmes County offers unmatched affordability combined with solid incomes and reasonable rents. The county's $251,800 median home value reflects market strength, but the 12.4% rent-to-income ratio ensures both renters and owners find genuine value.

Affordability Calculator

See how your income compares to housing costs in Holmes County

$

Rent Burden

12.4%

of gross income

Max Housing (28% Rule)

$1,745

per month

Owner Cost Burden

15.8%

of gross income

The median home in Holmes County may be a stretch

Median home value is $251,800. Estimated monthly cost: $2,010 vs. your max of $1,745.

Rent Affordability Guide

Your rent-to-income ratio12.4%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Holmes County, Ohio?
Holmes County, Ohio has a median monthly rent of $773/mo and a median home value of $251,800. The affordability rating is Unaffordable, with rent making up approximately 23.0% of median household income.
What is the median rent in Holmes County?
The median gross rent in Holmes County is $773/mo. This is 11% below state average for Ohio.
Is Holmes County affordable?
Holmes County is rated Unaffordable based on rent-to-income ratio of 23.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Holmes County's rent compare to the state average?
Holmes County's median rent of $773/mo is 11% below state average of $873/mo for Ohio.
What is the median home value in Holmes County?
The median home value in Holmes County, Ohio is $251,800. This is 11% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.