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Richland County, OH

RANK #26 / 996  ·  POP 125,008  ·  OH

PROJECTED GROWTH: +3.9%

Richland County ranks among the top U.S. counties across nearly every economic indicator.

[01] Why Richland County?

Richland County, Ohio, is often recognized for the Ohio State Reformatory in Mansfield, a historic landmark and filming location for "The Shawshank Redemption." Located in north-central Ohio, roughly equidistant from Cleveland and Columbus, the county offers a blend of small-town living and access to larger metropolitan areas, with commutes to these cities typically around an hour. The community maintains a relaxed pace, with numerous parks, trails, and lakes providing opportunities for outdoor recreation, including hiking, fishing, and camping.

Life in Richland County is characterized by a lower cost of living compared to major metros, with a notable percentage of residents owning their homes. The public school districts in the county are generally considered above average. The local economy, historically rooted in manufacturing, has diversified into sectors like sensor and plastics industries, and specialized manufacturing for energy transmission. Recent economic development efforts focus on attracting new businesses and supporting existing ones, with investments in downtown revitalization and infrastructure.

[02] Market Snapshot

Housing Ratio
3.8x

Undervalued relative to economy

GDP Growth
+0.8%

Well below national median

Home Prices
+7.4%

Outpacing national median

Climate & Terrain
-2.9

Below-average climate & terrain

Price/Rent
13x

Below national median (13x)

Housing looks undervalued at 3.8x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Richland County U.S. National

The Numbers

DEMOGRAPHICS
Population
125,008
+0.4% YoY
Median Household Income
$56,557
Median Home Value
$140,500
+7.42% 12mo
Median Rent
$768
Average Annual Pay
$50,804
+1.9% YoY
Employment
48,954
+0.9% YoY
Income-to-Home-Value
0.4025
More affordable than average
Migration Inflow
4.98%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$184,875
Days on Market
35
Active market
Months of Supply
2.4
Seller's market
Sale-to-List Ratio
98.2%
Near asking price
Sold Above List
17.9%
Listings w/ Price Drops
22.9%
Building Permits (2024)
143
Single-Family Permits
122

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$402M
TOTAL
PROJECT AMOUNT STATUS
Milliron - Brookside 138 kV II Battery Project
Undisclosed (Cleanview)
$252M Planned
I-71 Resurfacing
Ohio Department of Transportation (ODOT)
$50M Under Construction
US 42 Minor Rehabilitation (Lexington)
Ohio Department of Transportation (ODOT)
$50M Under Construction
SR 13 Resurfacing
Ohio Department of Transportation (ODOT)
$50M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +0.8% 15 percentile
Population Growth +0.4% 47 percentile
Income Growth +7.5% 26 percentile
Vacancy Rate 1.2% 37 percentile
Home Price Change +7.4% 98 percentile
Rent Growth +5.8% 86 percentile
Price/Rent 13x 52 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Richland County, OH a good place to move to?

Richland County has a Boom Town Index score of 98/100, ranking #26 among 996 U.S. counties. With job growth at +0.9% and a median household income of $56,557, it's an above-average county on economic indicators.

Is Richland County affordable?

The median home value in Richland County is $140,500 with median rent at $768/month. The income-to-home-value ratio is 0.4025, which is more affordable than the national average.

Is Richland County growing or shrinking?

Population growth: +0.4% year-over-year. Job growth: +0.9%. Home values changed +7.4% in the past 12 months.

Are people moving to Richland County?

Yes — 4.98% of Richland County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Winnebago County, IL 100 Madison County, NY 100 Oswego County, NY 100 Valencia County, NM 100 Taylor County, TX 100 Allen County, OH 100 Newton County, MO 99 Dodge County, WI 99