Coshocton, OH Housing Market

Market Overview

Coshocton’s PropertyIQ Score of 81 out of 100 places it in a relatively strong position, though the underlying drivers point to both momentum and moderation. The score is supported by 12-month home value momentum of 11.20% and a median days on market of 51 days. At the same time, 3-month home value momentum of -1.12% and a 13.1% share of listings with a price cut indicate that the market has cooled modestly in the near term. The provided year-over-year home value figure is listed as $5, which is not clearly comparable to the other data; the 12-month momentum of 11.20% offers a clearer view of annual price movement.

Compared with Ohio benchmarks, Coshocton is a lower-cost market. The median home value of $190,355 is about 24% below the state average of $249,941. The rent index of $723 is roughly 27% below the state average of $988, and median household income of $54,687 is about 22% below the state average of $69,680. Unemployment, at 3.6%, matches the Ohio average exactly, while population growth is not available in the data.

On balance, Coshocton is best described as moderately strong: affordable relative to the state, with solid annual price momentum and stable employment, but also near-term price softening and below-average local incomes.

Key Trends

One trend is the split between annual and recent price movement. Home value momentum over 12 months is 11.20%, a strong gain, but 3-month momentum is -1.12%, and 13.1% of listings have had a price cut. This combination suggests that the market appreciated meaningfully over the past year but has entered a cooler phase.

Another trend is affordability relative to the state. With a median home value of $190,355, compared with Ohio’s $249,941, and a rent index of $723, compared with $988 statewide, housing costs are well below state averages. However, local purchasing power is also lower: median household income is $54,687, versus $69,680 in Ohio. The price-to-income ratio is slightly more favorable than the state benchmark, meaning homes are comparatively attainable for local earners.

A third trend is a moderate sales pace. The market has 72 homes for sale and a median days on market of 51 days. The 51-day median is a top score driver, suggesting listings are not stagnating, but the pace is not exceptionally fast either.

A fourth trend is steady economic conditions with limited demand-growth context. Unemployment at 3.6% matches the state average, which supports housing demand, but population growth is not available and median household income remains below the state average. This points to stable, rather than rapidly expanding, demand.

Who Is This Market For

This market is likely well suited to first-time buyers and budget-conscious owner-occupants. The median home value of $190,355 is significantly below the state average of $249,941, and the price-to-income picture is slightly more favorable than Ohio as a whole. Buyers earning around the local median household income of $54,687 may find entry more realistic here than in higher-cost parts of the state.

Investors may be drawn to Coshocton for lower acquisition costs rather than high rental yields. The rent index of $723 is below the state average of $988, so cash flow is likely modest relative to Ohio benchmarks. Still, lower home prices and a stable unemployment rate of 3.6% could support long-term buy-and-hold strategies, especially for investors prioritizing affordability.

Move-up buyers may find limited opportunities. With 72 homes for sale, below-average median household income, and a recent 3-month home value decline, the local market is likely to offer fewer higher-priced options and a smaller move-up buyer pool. The 13.1% share of listings with price cuts may give patient buyers some negotiation room.

Outlook

Coshocton’s near-term outlook is one of cautious stabilization. The 12-month home value momentum of 11.20% shows strong annual appreciation, but the 3-month momentum of -1.12% and 13.1% share of listings with a price cut indicate that price growth is cooling. With 72 homes for sale and a median days on market of 51 days, the market is not showing signs of a sharp downturn, but sellers may need to price realistically. Unemployment at 3.6% matches the state average and should continue to provide a baseline of housing demand. Because population growth data is not available, demand expansion is difficult to project. The available numbers support a stable-to-softening trajectory rather than continued double-digit annual price growth. If the 3-month decline persists, the 11.20% annual figure is likely to moderate over time.