The median home price in Ohio is $213,149 which has increased by 5.4% since last year. The Ohio housing market has witnessed a 17.7% year-over-year decline in the number of homes listed. With only a 1-month supply left, the tight inventory is expected to drive an increase in the median sale price.
As per our research, home prices are relatively higher in the Upper Arlington metropolitan area. On the other hand, as you move towards the border areas of the Buckeye State like Cincinnati, you can find cheaper housing options.
4 Reasons to live in Ohio 🌊
- Cheaper Houses: The median home sale price in Ohio is ~$213K but you can get houses between $53K and $150K in cities like Youngstown, Steubenville, and Canton.
- Tax Benefits: Ohio’s standard monthly deduction amount is $592 for a single taxpayer.
- Affordable Healthcare: Healthcare in cities that are listed below is up to 8% lower than the national average.
- Cheaper Rentals: The rent prices of these cities are lower than the national average. You can save up to $452 per month in rent.
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Cheapest Places to Live in Ohio in 2024
This list provides insights into the average household income, median listing price, population, unemployment rate, and poverty rate of the cities.
| City | Median Household Income | Median Home Value | Population | Unemployment Rate | Poverty Rate |
|---|---|---|---|---|---|
| Youngstown | $34,295 | $53,005 | 59,620 | 5.2% | 34.5% |
| Niles | $48,860 | $112,168 | 18,321 | 4.2% | 13.3% |
| Toledo | $45,405 | $113,033 | 265,468 | 4.8% | 24.6% |
| Steubenville | $42,725 | $117,239 | 17,777 | 5.4% | 27.9% |
| Akron | $46,596 | $121,327 | 187,724 | 3.6% | 22.7% |
| Sandusky | $47,375 | $125,764 | 24,306 | 3.4% | 20.5% |
| Canton | $37,627 | $150,054 | 69,716 | 3.5% | 30.2% |
7 Cheapest Places to Live in Ohio
The annual population growth of 1.9% since 2010 is reflective of people’s intention to move to Ohio. If you’re considering shifting to Ohio, here are some cities that offer affordable living options:
1. Youngstown
| 🟢 Cost of Living Compared to National Average | 18%⬇️ |
| 🏡 Median Home Price | $53,005 |
| 💲 Median Rent | $937 |
| ⚙️ Known For | Youngstown Sheet and Tubey |
In Youngstown, the average home rent is $937, significantly lower than Bentleyville’s $1,832. It also offers affordable food, health care, transportation, taxes, and other necessities at prices that are 18% lower than the national average.
Some notable attractions in Youngstown include The Fellows Riverside Gardens, The Butler Institute of American Art, and Lanterman’s Mill. Youngstown Sheet and Tube, a renowned steel industry, stands out as the fifth-largest steel maker in the U.S.
» Homes for Sale in Youngtown, OH: Find your dream home in this city.
2. Niles
| 🟢 Cost of Living Compared to National Average | 25%⬇️ |
| 🏡 Median Home Price | $112,168 |
| 💲 Median Rent | $778 |
| 🏫 Known For | McKinley Birthplace Memorial |
Niles is one of the most budget-friendly rental destinations in Ohio with an average home rent ranging from $535 – $1,100. It also offers affordable grocery which is 12% lower than the national average.
Situated in Lucas County, Niles is a charming and inviting city renowned for its ethnic diversity. The city offers its residents a variety of attractions, such as museums, mountains, and top-notch golf courses.
» Homes for Sale in Niles, OH: Browse thousands of property listings in Niles.
3. Toledo
| 🟢 Cost of Living Compared to National Average | 6%⬇️ |
| 🏡 Median Home Price | $113,033 |
| 💲 Median Rent | $891 |
| 🥂 Known For | Libbey Glass Factory |
With rental costs being 22.6% below the national average, Toledo is one of the most affordable cities in Ohio. The house rent price is between $200 – $3,675.
Toledo is famed for being a significant hub for automotive industry development. Enthusiasts who seek breathtaking views can explore captivating spots like the Toledo Museum of Art and Wildwood Manor House for an enriching experience.
» Homes for Sale in Toledo, OH: View all the properties for sale in this city.
4. Steubenville
| 🟢 Cost of Living Compared to National Average | 26%⬇️ |
| 🏡 Median Home Price | $117,239 |
| 💲 Median Rent | $658 |
| 🎨 Known For | Moses Fleetwood Walker Mural |
Steubenville offers budget-friendly living with a median rent of $658, which is 67% lower than the national median. With monthly utilities costs being 26% lower than the national average, the city is one of the most inexpensive places to live in Ohio.
Steubenville, nicknamed the “City of Murals,” boasts more than 25 downtown murals. The Steubenville Airport offers 24/7 services to 1,000+ destinations worldwide.
» Homes for Sale in Steubenville, OH: Browse through thousands of affordable properties.
5. Akron
| 🟢 Cost of Living Compared to National Average | 7%⬇️ |
| 🏡 Median Home Price | $121,327 |
| 💲 Median Rent | $1,049 |
| 🚗 Known For | Goodyear Tire & Rubber Company |
Known as the “Rubber Capital of the World,” Akron’s healthcare cost is 14% lower than the national average. Renting in Akron comes at a median cost of $1,049, notably less than the $1,622 average in Powell.
Akron’s overall facilities make the city one of the cheapest places to live in the US. Local families can share a delightful experience by traveling in areas including Canal Park, Kent State University Museum, and Akron Children’s Museum.
» Homes for Sale in Akron, OH: Browse through thousands of properties in the rubber capital of the world.
6. Sandusky
| 🟢 Cost of Living Compared to National Average | 8%⬇️ |
| 🏡 Median Home Price | $125,764 |
| 💲 Median Rent | $1,257 |
| 🎢 Known For | Cedar Point |
The median house rent in Sandusky is between $675 – $3,470. With an average household income of $47,375, you can comfortably live in this city.
Sandusky has been honored as the ‘Best Coastal Small Town’ in America. This is also home to Cedar Point, a world-class amusement park Cedar Point. It is Ohio’s Water Park Capital due to the popularity of year-round indoor water park resorts.
» Homes for Sale in Sandusky, OH: Find a home in one of the cheapest places to live in Ohio.
7. Canton
| 🟢 Cost of Living Compared to National Average | 9%⬇️ |
| 🏡 Median Home Price | $150,054 |
| 💲 Median Rent | $825 |
| ⚽ Known For | Pro Football Hall of Fame |
Canton is one of the best places to live in Ohio with a slight year-over-year median home price growth of 5.9% in December 2023. The median home price in Canton is $150,054.
Canton boasts overall expenses 21.3% below the national average. Residents who are into reading can explore McKinley Presidential Library. You can also visit the Canton Classic Car Museum and savor the vineyard delights at Gervasi Vineyard.
» Homes for Sale in Canton, OH: Get yourself a home in Canton city.
- 🏡 Do You Need Professional Assistance While Buying a Home?
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The Bottom Line
The cost of living in Ohio is 11% lower than the national average. Nevertheless, it is still home to some of the most expensive cities in America. However, if you want to shift to Ohio, you can find affordable homes in cities like Akron, Niles, and Sandusky.
Cities like Galena and Dublin have a slightly expensive cost of living but provide better job opportunities. You must research the city’s home prices and living costs before relocating.
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View 21,948 Homes For Sale in Ohio
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» Need More Clarity? Read these exclusive Houzeo reviews and learn why the platform is the best in America’s competitive housing market.
Research Methodology
We’ve created this list by considering factors such as cost of living, median home price, and rental price range. We have also accounted for the population, median household income, poverty rate, and unemployment rate in these cities.
To compile this list of the cheapest areas to live in Ohio, we have drawn data from the Economic Research Institute, World Population Review, Rent Cafe, and Zillow.
Frequently Asked Questions
What is the cheapest place to live in Ohio?
The cheapest place to live in Ohio is Youngstown. It offers affordable amenities and utilities which are 18% lower than the national average.
» 7 Cheapest Places to Live in Ohio: Find out the other cheapest places to live in Ohio!
Where is the best place to live in Ohio?
The best place to live in Ohio is Columbus, followed by Cincinnati, Cleveland, Toledo, Youngstown, Dayton, and Delaware.
Is Ohio the cheapest place to live in?
No, it is not. The median home value is $213,149. If you're looking for cities with affordable housing and a low cost of living, you can try your luck in some of these cheapest places in America.
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