Chillicothe, OH Housing Market
AI-powered market intelligence for the Chillicothe, OH metro area.
PropertyIQ Scores
Chillicothe, OH Market Analysis
Market Overview
Chillicothe’s PropertyIQ Score of 47 out of 100 signals a moderate-to-soft housing market. The median home value of $205,291 is roughly 17 percent below the Ohio state average of $248,803, and the rent index of $990 is about 4 percent below the state benchmark of $1,034. However, the local median household income of $61,303 is also about 14 percent below the state average of $71,389. The unemployment rate of 3.4 percent matches the state average, providing some stability.
The top score drivers show split momentum. Twelve-month home value momentum is positive at 7.76 percent, but three-month momentum is -0.74 percent, meaning recent price movement has cooled. Median days on market of 48 and a 25.6 percent share of listings with a price cut suggest sellers are adjusting and buyers have negotiating room. With 122 homes for sale, inventory is modest but not extremely tight. Overall, the market is moderate: affordable relative to the state, but softening in the short term.
Key Trends
First, price momentum is mixed. The 12-month momentum of 7.76 percent shows annual appreciation, while the 3-month momentum of -0.74 percent indicates a recent flattening or slight decline. The provided year-over-year home value change of $9 appears inconsistent with the 12-month percentage gain, so the momentum figures should be read together as a cooling trend from an earlier stronger pace.
Second, seller concessions are increasing. Median days on market is 48, and 25.6 percent of listings have had a price cut. That means about one in four sellers is reducing price, a clear signal that homes are not clearing as quickly as many sellers expected. This is not a distressed level, but it is buyer-friendly.
Third, affordability is mixed. The median home value is well below the state average, but the median household income is also below the state average by roughly 14 percent. The rent index of $990 is below the state’s $1,034, which helps renters but limits investor income potential.
Fourth, labor market conditions are stable, with unemployment at 3.4 percent, equal to the state. Population growth data is not available, so the demand-side picture remains incomplete.
Who Is This Market For
This market fits budget-conscious first-time buyers and moderate-income owner-occupants. The median home value of $205,291 is far below the state average of $248,803, and the local price-to-income ratio is slightly better than the state’s despite lower incomes. With 48 days on market and a 25.6 percent price-cut share, first-time buyers may have time to compare and negotiate. The stable 3.4 percent unemployment rate supports local employment-based demand.
Investors may find selective opportunities, but the profile is moderate. The rent index of $990 is below the state average,
AI-generated analysis based on current market data. Last updated October 3, 2026.
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Chillicothe, OH market data
Chillicothe, OH Housing Market Overview
Chillicothe, OH's median home value is $205K, up 7.8% over the past year. Homes here sell in a median 48 days. Its PropertyIQ Score of 47 sits modestly below the state average of 50.
Understanding the Chillicothe, OH housing market requires looking beyond headline price figures. The PropertyIQ Score reads both sides of market strength: Zillow price momentum across 3- and 12-month windows, and Realtor.com flow signals — days on market and the share of listings with price cuts. Together they predict how this OH metro is set to perform relative to the rest of its state.
Midwestern housing markets are characterized by affordability and economic diversification. From manufacturing hubs undergoing tech-sector transitions to university towns with stable demand, the region offers value-oriented opportunities with lower entry costs than coastal markets. Within the Midwest, Chillicothe, OH's PropertyIQ Score of 47 runs below the Midwest norm.
Ohio's housing market offers some of the Midwest's strongest value propositions, with affordable entry points and diversifying economies. Columbus leads state growth while Cleveland and Cincinnati undergo downtown revitalization.
The PropertyIQ Score for the Chillicothe, OH market is built from four inputs: Zillow home-value momentum over twelve months, Zillow home-value momentum over three months, the median days listings spend on the market (Realtor.com), and the share of listings with a price cut (Realtor.com). The score runs on a 1 to 99 scale computed across all metro markets nationally and calibrated so 50 equals the state average — a score above 50 means this market is positioned to outperform its state, and a score below 50 means it is set to lag. Momentum here has been positive, with home values up 7.8% over the past year.
View Chillicothe, OH's complete market profile including historical price trends, score history, and AI-generated analysis. Compare this market against any other US metro to find the best opportunities for your investment strategy.
Counties in the Chillicothe, OH metro area
ZIP codes in the Chillicothe, OH metro area
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Market data through August 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Chillicothe, OH a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Chillicothe, OH currently scores 47, a easing-momentum reading that leaves it positioned to lag its state modestly over the next three years. For buyers, softening demand tends to open up negotiating room as listings sit longer and price cuts become more common. Backing that up, the median home value here is $205K, up 7.8% over the past year. So whether Chillicothe, OH is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Chillicothe, OH?
Chillicothe, OH's PropertyIQ Score is 47, indicating easing momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 47 places Chillicothe, OH below its state benchmark.
Are home prices in Chillicothe, OH rising or falling?
Home prices in Chillicothe, OH are rising. Over the past year, the median home value increased 7.8%, reaching $205K. Over the latest three months, values slipped 0.7%, a sign near-term demand is softening. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind Chillicothe, OH's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in Chillicothe, OH?
In Chillicothe, OH, homes sell in a median of 48 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 26% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Chillicothe, OH market data is refreshed on a monthly cycle, with the latest figures current through August 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.