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Richland County, OH

Mansfield

RANK #47 / 996 NAT  ·  #8 / 49 OH  ·  POP 125,008

1YR FORECAST: +5.3%

5YR OUTLOOK: +40%

#20 Best for Families
Our model projects Richland County's housing market to grow +5.3% over the next year, significantly outpacing the national average.

[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] Top Employers

  1. 1
    OhioHealth Healthcare
    2,500+
  2. 2
    Charter Next Generation (CNG) Manufacturing
    1,000+
  3. 3
    Avita Health Systems Healthcare
    500+
  4. 4
    179th Cyberspace Wing Military
    250+
  5. 5
    The Gorman-Rupp Company Manufacturing
  6. 6
    Newman Technology Manufacturing
  7. 7
    Stoneridge, Inc. Manufacturing
  8. 8
    Jay Industries Manufacturing
  9. 9
    ArcelorMittal Manufacturing
  10. 10
    Therm-O-Disc, Inc. (Sensience) Manufacturing

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[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
Bachelor's Degree+
17.8%
of residents (national avg: 33%)

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] Crime & Safety

B-
SAFETY
GRADE
Homicide Rate
4.7
per 100K · nat avg 6.3
Firearm Fatalities
15.0
per 100K · nat avg 14.8
Injury Deaths
107.6
per 100K · nat avg 76.3
vs National Average
Below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] 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.

[07] 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.

[08] Frequently Asked Questions

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

Richland County ranks #47 out of 996 U.S. counties on the Boom Town Index with a score of 95/100, putting it in the top tier nationally. Job growth of +0.9% and a median household income of $56,557 point to a county with active economic momentum.

Is Richland County affordable?

By national standards, Richland County is quite affordable. Homes here have a median value of $140,500, and the income-to-home-value ratio of 0.40 is well above the U.S. average — especially with median rent at just $768/month. Residents can generally buy a home without being cost-burdened.

Is Richland County growing or shrinking?

Population and employment in Richland County are both close to flat — population +0.4% YoY and jobs +0.9%. Home values shifted +7.4% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are people moving to Richland County?

There's a moderate stream of newcomers. About 4.98% of residents moved from another state, which is above average and suggests Richland County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

How is the housing market in Richland County?

Home values climbed +7.4% year-over-year, which is a solid pace of appreciation. The median home in Richland County is now valued at $140,500. That kind of growth typically reflects sustained demand rather than speculative frenzy.

[09] Similar Counties by Size & Score

Darke County, OH 96 Sandusky County, OH 94 Trumbull County, OH 97 Clark County, OH 97 Seneca County, OH 97 Mahoning County, OH 98 Comanche County, OK 95 Rock Island County, IL 95