The Most Affordable Neighborhoods in Rutland, OH by Home Value

These days, finding an affordable place to live in the Rutland area can be challenging. Home prices in Rutland are now at a median cost of $94,510, lower than the Ohio average of $236,816.

The average cost of rent is $1,246/mo in Rutland, primarily driven by the current value of real estate in the Rutland area. In Rutland, 21.56% of households rent, and 57.16% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Rutland is $3,522 per month. Households that rent pay about 35.37% of their income on rent here. Rutland’s most expensive areas are in the northeastern 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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