Chillicothe, OH—45601
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Chillicothe, OH
As of Oct '25, the median home price in Chillicothe, OH is $194,000, with a year-over-year change of 3.8%. This indicates that home prices in Chillicothe, OH are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $194,000 | 3.8% |
| Single Family | $193,000 | 3.8% |
| Condos | $255,000 | 5.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $126,000 | -0.8% |
2 Bed | $171,000 | 3.6% |
3 Bed | $235,000 | 4.4% |
4 Bed | $310,000 | 3.7% |
| 5 Bed | $377,000 | 3.6% |
% of Housing Stock
Rental Trends — Chillicothe, OH
As of July '25, Rentcast reports the average rent in Chillicothe, OH is $1,420, with a year-over-year rent change of 17.4%. Per bedroom, the median rent as of July '25 in Chillicothe, OH is 1-bedrooms: $1,180, 2-bedrooms: $978, 3-bedrooms: $1,400. The most common rental property sizes in Chillicothe, OH are 2-bedroom and 1-bedroom, accounting for 47.2% and 25.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $950 | $1,420 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $950 | $1,180 |
| 2 Bed Rent | $850 | $978 |
| 3 Bed Rent | $1,100 | $1,400 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Chillicothe, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Chillicothe, OH is 46. This is a increase of 27.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $249,000 | -4.0% |
Listing Count | 137 | 9.0% |
| Listings as % of Homes | 0.3% | 9.0% |
Days on Market | 46 | 27.0% |
Demographics — Chillicothe, OH
As of the latest ACS Survey released in 2023, Chillicothe, OH has a population of 56,500, which has remained stable by -0.5% over the past 5 years. Chillicothe, OH is a moderately popular place for families, as children make up 19.6% of the population. The area has a poorly educated workforce, with 18.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 56,500 | -0.5% |
% Under 18 | 19.6% | -5.3% |
% Seniors | 17.9% | 11.2% |
% WFH | 5.0% | 85.2% |
% w/ College Degree | 18.1% | 4.0% |
As of the latest ACS Survey released in 2023, Chillicothe, OH is a predominantly white area, with 86.1% of the population identifying as white. The white population has shrunk by 1.5% in the last 5 years. The second most common race or ethnicity in Chillicothe, OH is black, making up 7.4% of the population. Foreign-born residents account for 1.1% of the population in Chillicothe, OH, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 86.1% | -1.5% |
% Black | 7.4% | 7.2% |
% Hispanic | 1.8% | 20.0% |
% Asian | 0.5% | 0.0% |
% Foreign Born | 1.1% | 0.0% |
Mortgage and Risk — Chillicothe, OH
According to HUD data as of 2023, there were 889 mortgage originations in Chillicothe, OH, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Chillicothe, OH. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 889 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Chillicothe, OH
Chillicothe, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1,117 |
Total Units Section 8 | 741 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 92.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$140 | $950 | $810 |
| 2 Bedroom | $120 | $850 | $970 |
| 3 Bedroom | $90 | $1,100 | $1,190 |
| 4 Bedroom | N/A | N/A | $1,290 |
Affordability — Chillicothe, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $194,000 |
| Median Household Income | $57,400 |