The Most Affordable Neighborhoods in Red Lion, OH by Home Value

 

Red Lion, OH Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Red Lion area can be challenging. Home prices in Red Lion are now at a median cost of $424,007, higher than the Ohio average of $236,816.

The average cost of rent is $1,077/mo in Red Lion, primarily driven by the current value of real estate in the Red Lion area. In Red Lion, 2.02% of households rent, and 29.01% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Red Lion is $8,085 per month. Households that rent pay about 13.33% of their income on rent here. Red Lion’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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