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Summit County Housing Market

Ohio · 88 counties · Ranked #1850 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$195,700

vs national$195,700 vs $281,900 national

Median Gross Rent

$998/mo

vs national$998 vs $1,163 national

Effective Tax Rate

1.54%

vs national+1.54% vs 1.02% national

Median Household Income

$71,016

vs national$71,016 vs $74,755 national

Affordability Ratio

2.8x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

28.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$3,018

Tax as % of Home Value

1.54%

Monthly Owner Cost

$1,099

Renter Income

$40,522

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Similar Counties by Home Value

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Frequently Asked Questions

What is the median home value in Summit County?

The median home value in Summit County is $195,700. This is below the national median of $281,900.

How much is rent in Summit County?

The median gross rent in Summit County is $998 per month.

What is the property tax rate in Summit County?

The effective property tax rate in Summit County is 1.54%. The median annual property tax bill is $3,018.

Is Summit County affordable?

With a home-value-to-income ratio of 2.8x, Summit County is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.