Westerville, Ohio Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Westerville, Ohio rental market.
Westerville, Ohio
Average Apartment Rent in March 2022
$1,284
Y-o-Y Change in Average
Apartment Rent
11.8%
Compared to a year ago, Westerville, Ohio apartments have recorded a 11.8% rent increase.
Westerville, Ohio |Average apartment rent trend
Westerville, Ohio| Average apartment rent
Westerville, Ohio | Apartment rent ranges
At 63.26%, apartments priced $1,000 - $1,500 represent the bulk of Westerville, Ohio rentals, while condos priced Over $2,000 hold the lowest share of the market – 0.99%.
Westerville, Ohio | Housing tenure**
Renters take up 22% of Westerville, Ohio real estate, occupying a total of 3,257 units, while homeowners live in 11,309 properties.
Median number of rooms of renter-occupied housing units**
4.4
Renter median household income**
$45,963
Average household size of renter-occupied housing units**
2.24
Rental vacancy rate**
6.6%
Westerville, Ohio | Renter-occupied housing units by no. of bedrooms**
There are 1,501 rentals in Westerville, Ohio with 2 beds making up the highest share of the market, at 46%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 48 units. Overall, the median number of rooms in Westerville, Ohio homes for rent is 4.4.
Westerville, Ohio |Renter-occupied units by age of householder**
Most condos for rent in Westerville, Ohio are occupied by residents in the 25 - 34 years age group (18%), followed by those in the 35 - 44 years age group (17%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 4%.
Westerville, Ohio | Renter-occupied housing units by family type**
Westerville, Ohio | Renter-occupied housing units by the presence of own children**
A total of 1,605 apartments for rent in Westerville, Ohio, or 49% of all rentals are family households. Additionally, 30% of rental homes include children under the age of 18 – that’s 964 units. All in all, the median size of a renter-occupied household in Westerville, Ohio is 2.24.
Westerville, Ohio | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 28% of the rental market. In contrast, residents with less than a high school degree reside in 5% of the homes for rent in Westerville, Ohio.
Westerville, Ohio | Renter-occupied units by year structure built**
The highest share of Westerville, Ohio apartment rentals, namely 28% or 917 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (16%, 516 units), and the ones Built 2000 - 2009 (11%, 359 units).
Westerville, Ohio | Renter-occupied units by year householder moved in**
Median year renter moved into unit2014
Most Westerville, Ohio renters (31%) moved in 2010 to 2014, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Westerville, Ohio condos for rent is 2014.
Westerville, Ohio | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 45% of Westerville, Ohio renters have 1 vehicle available per household, 31% of them have 2 vehicles available, and 18% have No vehicle available.
Westerville, Ohio | Means of transportation to work of householders living in renter-occupied housing units**
Westerville, Ohio |Geographical mobility in the past year for householders living in renter-occupied housing units**
Westerville, Ohio | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Westerville, Ohio apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2019 American Community Survey 5-Year Estimates
