Homeowner Costs

This section looks at home sales and how homeowners are balancing housing costs. The strength of the housing market can provide insight into how the supply and demand for housing may create challenges related to maintaining homeowner status. For example, the drop in home values during the housing crisis put a financial strain on many homeowners.

Section Highlights:

  • The median home price ($125,767) has risen since 2011, and by the end of 2018, it was more than twice the median household income ($54,077), making homeownership unaffordable to many prospective homebuyers.
  • Ohio's foreclosure rate (0.7%), 90-day delinquency rate (2%) and negative equity share (5%) in December 2018 were all at record low levels, having fallen precipitously from the height of the recession.
  • For homeowners with a mortgage, median monthly costs have fallen by 6.8% from the 2008–2012 period, from $1,337 (in real 2017 dollars) to $1,247 in the 2013–2017 period.
  • Of Ohio's lowest income homeowners, 68.7% of these are severely cost burdened, compared with only 2.5% of those 81 to 100% AMI or 0.5% of those earning >100% AMI.
  • One in three black or African American homeowners experienced housing cost burden, and black homeowners were twice as likely to be severely cost burdened as white homeowners.

Jump to: Maps | Visualizations | Tables & Reports | Notes | Sources

County Maps

Please be advised that the following maps and data visualizations are provided for informational purposes only. Load times will vary depending on your internet connection speed. To download the data for a specific map or data visualization, first click in the white space of the graphic, click the "Download" button below and then click "Data" in the menu that pops up. You may also access most of the data through the downloadable tables in Excel posted lower down on the page.

Median Home Sales Price

Source: Real Estate Analytics Suite, CoreLogic (based on 2018 data)

Please be advised that the following maps and data visualizations are provided for informational purposes only. Load times will vary depending on your internet connection speed. To download the data for a specific map or data visualization, first click in the white space of the graphic, click the "Download" button below and then click "Data" in the menu that pops up. You may also access most of the data through the downloadable tables in Excel posted lower down on the page.

Median Home Value

Source: 2013–2017 American Community Survey (ACS) Five-Year Estimates, Table B25077

Please be advised that the following maps and data visualizations are provided for informational purposes only. Load times will vary depending on your internet connection speed. To download the data for a specific map or data visualization, first click in the white space of the graphic, click the "Download" button below and then click "Data" in the menu that pops up. You may also access most of the data through the downloadable tables in Excel posted lower down on the page.

90-Day Delinquency Rate

Source: Real Estate Analytics Suite, CoreLogic (based on December 2018 data)

Please be advised that the following maps and data visualizations are provided for informational purposes only. Load times will vary depending on your internet connection speed. To download the data for a specific map or data visualization, first click in the white space of the graphic, click the "Download" button below and then click "Data" in the menu that pops up. You may also access most of the data through the downloadable tables in Excel posted lower down on the page.

Foreclosure Rate

Source: Real Estate Analytics Suite, CoreLogic (based on December 2018 data)

Please be advised that the following maps and data visualizations are provided for informational purposes only. Load times will vary depending on your internet connection speed. To download the data for a specific map or data visualization, first click in the white space of the graphic, click the "Download" button below and then click "Data" in the menu that pops up. You may also access most of the data through the downloadable tables in Excel posted lower down on the page.

Negative Equity Share

Source: Real Estate Analytics Suite, CoreLogic (based on Q4 2018 data)

Please be advised that the following maps and data visualizations are provided for informational purposes only. Load times will vary depending on your internet connection speed. To download the data for a specific map or data visualization, first click in the white space of the graphic, click the "Download" button below and then click "Data" in the menu that pops up. You may also access most of the data through the downloadable tables in Excel posted lower down on the page.

Recorded Land Contracts Per 1,000 Population

Source: Jackson, V. (2018, July), Predatory land contracts strip wealth from communities, Policy Matters Ohio (based on 2008 to 2018 data publicly requested from all 88 County Recorders' Offices)

Please be advised that the following maps and data visualizations are provided for informational purposes only. Load times will vary depending on your internet connection speed. To download the data for a specific map or data visualization, first click in the white space of the graphic, click the "Download" button below and then click "Data" in the menu that pops up. You may also access most of the data through the downloadable tables in Excel posted lower down on the page.

Monthly Homeowner Costs for Mortgage Holders

Source: 2013–2017 American Community Survey (ACS) Five-Year Estimates, Tables B25081 and B25088

Please be advised that the following maps and data visualizations are provided for informational purposes only. Load times will vary depending on your internet connection speed. To download the data for a specific map or data visualization, first click in the white space of the graphic, click the "Download" button below and then click "Data" in the menu that pops up. You may also access most of the data through the downloadable tables in Excel posted lower down on the page.

Change in Homeowner Costs for Mortgage Holders

Source: American Community Survey (ACS) Five-Year Estimates, Table B25064; Consumer Price Index for All Urban Consumers, U.S. Bureau of Labor Statistics

Please be advised that the following maps and data visualizations are provided for informational purposes only. Load times will vary depending on your internet connection speed. To download the data for a specific map or data visualization, first click in the white space of the graphic, click the "Download" button below and then click "Data" in the menu that pops up. You may also access most of the data through the downloadable tables in Excel posted lower down on the page.

Median Home Sales Price-to-Income Ratio

Source: 2017 Small Area Income and Poverty Estimates, U.S. Census Bureau; Real Estate Analytics Suite, CoreLogic (based on 2018 data)

Please be advised that the following maps and data visualizations are provided for informational purposes only. Load times will vary depending on your internet connection speed. To download the data for a specific map or data visualization, first click in the white space of the graphic, click the "Download" button below and then click "Data" in the menu that pops up. You may also access most of the data through the downloadable tables in Excel posted lower down on the page.

Homeowner Costs as Share of Income for Mortgage Holders

Source: 2013–2017 American Community Survey (ACS) Five-Year Estimates, Table B25092

Data Visualizations

Please be advised that the following maps and data visualizations are provided for informational purposes only. Load times will vary depending on your internet connection speed. To download the data for a specific map or data visualization, first click in the white space of the graphic, click the "Download" button below and then click "Data" in the menu that pops up. You may also access most of the data through the downloadable tables in Excel posted lower down on the page.

Monthly Number of Home Sales

Source: Real Estate Analytics Suite, CoreLogic

Please be advised that the following maps and data visualizations are provided for informational purposes only. Load times will vary depending on your internet connection speed. To download the data for a specific map or data visualization, first click in the white space of the graphic, click the "Download" button below and then click "Data" in the menu that pops up. You may also access most of the data through the downloadable tables in Excel posted lower down on the page.

Monthly Median Home Sales Price

Source: Real Estate Analytics Suite, CoreLogic

Please be advised that the following maps and data visualizations are provided for informational purposes only. Load times will vary depending on your internet connection speed. To download the data for a specific map or data visualization, first click in the white space of the graphic, click the "Download" button below and then click "Data" in the menu that pops up. You may also access most of the data through the downloadable tables in Excel posted lower down on the page.

Monthly 90-Day Delinquency Rates for the United States & Ohio

Source: Real Estate Analytics Suite, CoreLogic

Please be advised that the following maps and data visualizations are provided for informational purposes only. Load times will vary depending on your internet connection speed. To download the data for a specific map or data visualization, first click in the white space of the graphic, click the "Download" button below and then click "Data" in the menu that pops up. You may also access most of the data through the downloadable tables in Excel posted lower down on the page.

Monthly Foreclosure Rates for the United States & Ohio

Source: Real Estate Analytics Suite, CoreLogic

Please be advised that the following maps and data visualizations are provided for informational purposes only. Load times will vary depending on your internet connection speed. To download the data for a specific map or data visualization, first click in the white space of the graphic, click the "Download" button below and then click "Data" in the menu that pops up. You may also access most of the data through the downloadable tables in Excel posted lower down on the page.

Quarterly Negative Equity Shares for the United States & Ohio

Source: Real Estate Analytics Suite, CoreLogic

Please be advised that the following maps and data visualizations are provided for informational purposes only. Load times will vary depending on your internet connection speed. To download the data for a specific map or data visualization, first click in the white space of the graphic, click the "Download" button below and then click "Data" in the menu that pops up. You may also access most of the data through the downloadable tables in Excel posted lower down on the page.

Average Monthly Homeowner Utility Costs By Type

Source: IPUMS-USA, University of Minnesota; Consumer Price Index for All Urban Consumers, U.S. Bureau of Labor Statistics

Please be advised that the following maps and data visualizations are provided for informational purposes only. Load times will vary depending on your internet connection speed. To download the data for a specific map or data visualization, first click in the white space of the graphic, click the "Download" button below and then click "Data" in the menu that pops up. You may also access most of the data through the downloadable tables in Excel posted lower down on the page.

Median Home Sales Price-to-Income Ratio By Quintile of Income

Source: 2013–2017 American Community Survey (ACS) Five-Year Estimates, Table B19081; Real Estate Analytics Suite, CoreLogic (based on 2018 data)

Please be advised that the following maps and data visualizations are provided for informational purposes only. Load times will vary depending on your internet connection speed. To download the data for a specific map or data visualization, first click in the white space of the graphic, click the "Download" button below and then click "Data" in the menu that pops up. You may also access most of the data through the downloadable tables in Excel posted lower down on the page.

Prevalence of Severe Homeowner Cost Burden By Race & Ethnicity

Source: 2011–2015 Comprehensive Housing Affordability Strategy data, Table 9

Downloadable Tables

Related Reports

Notes

Average monthly home sales price represented in nominal dollars.

Median home value in real 2017 dollars.

Selected homeowner costs include mortgage payments, property taxes, utilities and condominium or mobile home fees (if applicable).

Unless otherwise stated, all costs are in real 2017 dollars (except for home sales prices, which are in real 2018 dollars), adjusted for inflation using the Consumer Price Index for All Urban Consumers (CPI-U) for "all items less shelter."

Typical household income is represented by the mean income for quintiles of income, or the median household income.

"Severe housing cost burden" means a household is spending at least 50 percent of household income on homeowner costs or has no income. AMI refers to area median income as defined by HUD.

Data Sources

Table of Contents

Housing Policy Links