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By: Kevin Pryor July. 06, 2018

Ohio residents with a mortgage spend 27.8 percent of their income on housing costs, which is less than the national value of 30.9 percent. This information was produced in a recent study conducted by Gavop using statistics by the United States Census Bureau.

The study aimed at estimating the debt people owe to their homes as a percentage of income spent on housing costs. Gavop categorized main expenses related to housing under mortgage payments, real estate taxes, home insurance, and utilities.

Other primary influences on income amount allocated to housing costs are individual income, home value, and annual home maintenance costs. Homeowners with a mortgage in Ohio earn a median income of $52,334 and live in homes with a median value of $140,100. The statewide annual housing costs for such homes is $14,532.

The following table compares housing costs at the state and national levels. Overall, Ohio reports lower values for all categories compared to the national statistics.

LocationIncome Spent on Housing by Homeowners with Mortgages (%)Annual Housing Costs for Homeowners with MortgagesMedian IncomeMedian Home Value
Ohio27.8$14,532$52,334$140,100
United States30.9$17,832$57,617$205,000

The numbers also highlight that mortgage-holding residents in Medina County spend the least of their income on housing costs (22.9 percent).

Miami County reports the second lowest housing costs as a percentage of income at 23 percent, followed by Delaware County with 23.4 percent, Geauga County with 23.8 percent, and Lake County with 23.9 percent. In median value, residents in the five counties with the least housing costs spend less than one-fourth of their income.

Counties with the Lowest Housing Costs as a Percentage of Income

RankCountyIncome Spent on Housing by Homeowners with MortgagesAnnual Housing Costs for Homeowners with MortgagesMedian IncomeMedian Home ValueNumber of Housing Units
1Medina22.9%$16,608$72,618$185,00071,706
2Miami23.0%$13,812$60,170$149,10044,165
3Delaware23.4%$23,760$101,693$296,20071,420
4Geauga23.8%$18,168$76,384$228,30036,904
5Lake23.9%$14,796$61,870$150,900102,463

By contrast, mortgage holders in Athens County spend 34.8 percent of their income on housing costs, which is the highest in Ohio. Scioto County reports the second highest proportion at 33.0 percent, followed by Cuyahoga County with 32.4 percent, Lucas County with 31.1 percent, and Ashtabula with 30.1 percent.

Counties with the Highest Housing Costs as a Percentage of Income

RankCountyIncome Spent on Housing Costs by Homeowners with MortgagesAnnual Housing Costs for Homeowners with MortgagesMedian IncomeMedian Home ValueNumber of Housing Units
1Athens34.8%$12,600$36,193$108,40026,339
2Scioto33.0%$12,948$39,210$100,30034,126
3Cuyahoga32.4%$15,096$46,601$126,700617,533
4Lucas31.1%$13,860$44,534$115,100202,434
5Ashtabula30.1%$12,936$42,965$111,40045,790

This table lists income spent on housing costs for all Ohio counties, arranged from the highest to lowest in percentage.

CountyMedian Costs for Homeowners with Mortgages as a Percentage of IncomeMedian Costs for Homeowners with Mortgages (Annual)Median IncomeMedian Home ValueTotal Homes
Athens34.8%$12,600$36,193$108,40026,339
Scioto33.0%$12,948$39,210$100,30034,126
Cuyahoga32.4%$15,096$46,601$126,700617,533
Lucas31.1%$13,860$44,534$115,100202,434
Ashtabula30.1%$12,936$42,965$111,40045,790
Muskingum29.8%$12,960$43,422$125,40037,651
Portage29.7%$14,736$49,695$150,70068,457
Hamilton29.6%$15,744$53,229$150,100377,743
Franklin29.3%$16,440$56,055$162,300549,417
Montgomery29.3%$13,752$46,936$113,700254,265
Mahoning28.6%$12,108$42,295$100,700111,124
Ross28.0%$12,984$46,422$118,30031,675
Richland27.9%$12,300$44,073$104,10054,001
Summit27.4%$14,256$52,036$141,900245,176
Lorain27.3%$14,904$54,504$146,400129,900
Hancock26.9%$14,220$52,810$145,40033,767
Clermont26.8%$16,284$60,661$169,60082,193
Licking26.8%$15,720$58,685$163,40070,224
Allen26.7%$12,708$47,592$112,00044,804
Wood26.2%$15,792$60,166$160,20053,431
Trumbull26.2%$11,952$45,552$106,40095,215
Greene26.0%$16,104$62,018$168,50069,568
Erie25.9%$12,696$48,949$123,90037,671
Stark25.8%$13,164$50,994$129,800165,966
Marion25.8%$11,052$42,826$88,20027,762
Tuscarawas25.6%$12,900$50,440$126,60039,856
Butler25.5%$16,164$63,273$168,400150,649
Clark25.2%$11,796$46,811$109,50061,032
Wayne25.0%$13,344$53,434$139,60046,173
Jefferson24.4%$10,800$44,257$87,40032,326
Fairfield24.3%$15,864$65,316$173,50060,273
Belmont24.0%$11,592$48,220$99,50031,999
Columbiana24.0%$11,496$47,864$110,00046,407
Warren24.0%$19,260$80,207$216,70085,634
Lake23.9%$14,796$61,870$150,900102,463
Geauga23.8%$18,168$76,384$228,30036,904
Delaware23.4%$23,760$101,693$296,20071,420
Miami23.0%$13,812$60,170$149,10044,165
Medina22.9%$16,608$72,618$185,00071,706


ABOUT THE AUTHOR

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Kevin Pryor

Kevin Pryor currently works as a data analyst and public relations associate where he takes pride in analyzing data and sharing the amazing insights it presents to various target audiences. Kevin graduated from the University of Connecticut with a bachelor’s degree in communication and has a passion for the results that can come from effective communications. While at school, he interned with Total Mortgage, Stafford Motor Speedway and UConn Community Outreach. In his free time, Kevin enjoys outdoor activities, cinema, traveling, and spending time with friends and family.

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