2024 · Ohio
Rental yield in Ohio
In 2024, the typical rental in Ohio produced a gross yield of 5.5% — $1,090/mo median rent against a $240K median home value, ranking 11th of 51 states.
5.5%
Gross rental yield
above the 4.9% U.S. median
$1,090/mo
Median gross rent
incl. utilities (ACS)
$240K
Median home value
owner-occupied (ACS)
Ohio metros by yield
Metropolitan areas in Ohio with at least 65,000 residents, ranked by gross rental yield.
| Metro | Gross yield | Median rent | Median value |
|---|---|---|---|
| Huntington-Ashland, WV-KY-OH | 6.9% | $914/mo | $160K |
| Weirton-Steubenville, WV-OH | 6.9% | $833/mo | $146K |
| Youngstown-Warren, OH | 6.0% | $838/mo | $167K |
| Mansfield, OH | 5.9% | $862/mo | $175K |
| Dayton-Kettering-Beavercreek, OH | 5.9% | $1,119/mo | $229K |
| Lima, OH | 5.9% | $889/mo | $182K |
| Toledo, OH | 5.8% | $949/mo | $195K |
| Wheeling, WV-OH | 5.7% | $775/mo | $163K |
| Cleveland, OH | 5.6% | $1,087/mo | $235K |
| Springfield, OH | 5.5% | $913/mo | $198K |
| Canton-Massillon, OH | 5.4% | $930/mo | $205K |
| Akron, OH | 5.4% | $1,059/mo | $237K |
| Cincinnati, OH-KY-IN | 5.0% | $1,203/mo | $289K |
| Columbus, OH | 4.9% | $1,359/mo | $335K |
| Sandusky, OH | 4.7% | $924/mo | $237K |
Frequently asked questions
What is the gross rental yield in Ohio?
In 2024, Ohio had a gross rental yield of 5.5% — $1,090/mo median gross rent against a $240K median home value. That ranks 11th of 51 states (1 = highest yield). Nationally the figure was 4.9%.
Which Ohio metros have the best rental yield?
Among Ohio metros covered by the data, gross yield was highest in Huntington-Ashland, WV-KY-OH (6.9%), Weirton-Steubenville, WV-OH (6.9%), and Youngstown-Warren, OH (6.0%).
Does this account for expenses or financing?
No. Gross yield is a top-line market screen — it excludes property taxes, insurance, vacancy, management, and financing. Use it to compare markets, then run a specific deal through a cap-rate or cash-flow calculator.
How investors finance deals in Ohio
Yield shows where the numbers work; our Investor Financing Report for Ohio shows the rate premium, denial rate, and DSCR lending investors face there.
Source: U.S. Census Bureau, American Community Survey 2024 1-year estimates. Gross rental yield = (median gross rent × 12) ÷ median home value. A market screen, not a net return.