In Ravenna, a typical home is worth $139,700 and typical rent is $947 a month. Compared with all of Portage County, the typical home value is 38% lower, typical household income is 21% lower, and the share of households that own their home is 23 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $169,042 to $221,897.
Typical rent
$1,106a month
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Ravenna is in Portage County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Portage County. See the county
What this place has that others do not, from public data, most unusual first.
1
47% of households in Ravenna own their home, against 70% in Portage County.
2
The typical home in Ravenna is worth $139,700,38% less than in Portage County as a whole ($227,000).
3
The typical household income in Ravenna is $59,971,21% less than in Portage County as a whole ($75,766).
4
Ravenna has the 22nd largest share of rent-burdened renters of the 253 cities in Ohio with more than 5,000 people (58%).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Ravenna
What homes there are in Ravenna, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Ravenna
Portage County
Ohio
United States
Kind of home: Ravenna and its comparisons
Measure
Ravenna
Portage County
Ohio
United States
Detached house
54%
65%
69%
61%
Attached house
Unreliable estimate
7%
5%
6%
Building of 2 to 4
16%
7%
8%
8%
Apartments (5 or more)
19%
16%
15%
19%
Mobile home
Unreliable estimate
6%
3%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
In Ravenna, 5 in 10 homes are single-family detached houses; in Portage County, 6.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Ravenna
Portage County
Ohio
United States
Year built: Ravenna and its comparisons
Measure
Ravenna
Portage County
Ohio
United States
Before 1960
50%
26%
38%
26%
1960–1979
24%
29%
26%
24%
1980–1999
13%
24%
20%
25%
2000–2009
Unreliable estimate
13%
10%
14%
2010 or later
Unreliable estimate
9%
7%
11%
Homes in Ravenna are older: the typical year built is 1960; in Portage County, 1977.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K22%
$100K–$200K58%
$200K–$300K14%
$300K–$500K5%
$500K–$750KUnreliable
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Ravenna and its comparisons
Measure
Ravenna
Under $100K
22%
$100K–$200K
58%
$200K–$300K
14%
$300K–$500K
5%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable
$1M or more
Unreliable estimate
At least 99% of owner-occupied homes in Ravenna are worth less than $500,000, below the FHA loan limit for Portage County ($541,287).
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99948%
$1,000–$1,49935%
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Ravenna and its comparisons
Measure
Ravenna
Under $500
Unreliable estimate
$500–$999
48%
$1,000–$1,499
35%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable estimate
With a mortgage
$1,181 a month
Portage County: $1,578 a month
Without a mortgage
$466 a month
Portage County: $611 a month
Owners with a mortgage
67%
Portage County: 60%
The typical cost for an owner with a mortgage in Ravenna is $1,181 a month, less than in Portage County ($1,578); without one, $466.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Ravenna+42%
Portage County+43%
Ohio+47%
United States+53%
Typical rent
Ravenna+25%
Portage County+24%
Ohio+28%
United States+33%
Typical household income
Ravenna+42%
Portage County+32%
Ohio+26%
United States+29%
Change since 2015–2019: Ravenna and its comparisons
Measure
Ravenna
Portage County
Ohio
United States
Typical home value
+42%
+43%
+47%
+53%
Typical rent
+25%
+24%
+28%
+33%
Typical household income
+42%
+32%
+26%
+29%
From 2015–2019 to 2020–2024, home values in Ravenna rose at about the same pace as in Portage County: 42% against 43%.
Much as in Portage County, the typical rent in Ravenna rose 25% since 2015–2019.
While home values in Ravenna changed +42% and rent +25%, the typical household income rose 42%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Ravenna and its comparisons
Measure
Ravenna
Portage County
Ohio
United States
Rental vacancy
Unreliable estimate
4.0%
4.4%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.8%
0.9%
More than one person per room
Unreliable estimate
0.9%
1.5%
3.4%
People per household
2.21
2.37
2.37
2.53
Drive alone
76%
74%
75%
69%
Carpool
10%
7%
8%
9%
Public transit
Unreliable estimate
1%
1%
3%
Walk or bike
Unreliable estimate
3%
2%
3%
Work from home
10%
15%
13%
15%
Other means
Unreliable estimate
1%
1%
2%
Typical commute
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
Households in Ravenna are smaller: 2.21 people on average; in Portage County, 2.37.
In Ravenna, 76% of workers drive alone to work; in Portage County, 74%.
Do the math
What would you pay each month for a home in Ravenna?
A typical home is within reach of the typical income
We start with a typical home in Ravenna, worth $139,700, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 24% of the typical household income in Ravenna, which is $59,971 a year.
The calculator's FHA and conventional loan limits are those of all of Portage County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Ravenna. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $4,890 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,198
at 7.18% · 30 years
Loan amount
$137,169
Total interest
$197,354
Paid off in
November 2056
Includes $2,359 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,399 a month
Your payment · 24%
Tight
$1,399 to $1,799 a month
Hard
more than $1,799 a month
Compared with the typical household income in Ravenna ($59,971 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$929
Property tax
$149
Home insurance
$58
FHA mortgage insurance (MIP)
$62
You need at least $4,890 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,198; principal and interest $929.
The city and its county
Ravenna and Portage County
Ravenna is in Portage County, Ohio. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Ravenna
Map of Portage County, Ohio, with Ravenna marked. Around it, the neighboring counties.
Ravenna
Portage County
Other cities with a page
Ravenna's own numbers
Typical home value
$139,700
Typical monthly rent
$947
Typical yearly household income
$59,971
Households that own their home
47%
Effective property tax rate
1.28%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Portage County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,231
Price change over 5 years (FHFA)
+51%
Homes in a high flood-risk zone
1%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Portage County.
A typical home in Ravenna is worth $139,700: 38% below the county and 35% below Ohio. With the typical household income in Ravenna ($59,971 a year), a typical home costs 2.3 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Ravenna2.3 years
Portage3.0 years
Ohio3.0 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Portage County
According to FHFA’s house price index, home prices in Portage County rose 80% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Portage County.
Yearly change in FHFA’s price index in Portage County, 2016 to 2025
2016: +2.5% +2.5% 2016
2017: +2.6% +2.6% 2017
2018: +5.2% +5.2% 2018
2019: +3.9% +3.9% 2019
2020: +3.5% +3.5% 2020
2021: +10.8% +10.8% 2021
2022: +11.4% +11.4% 2022
2023: +8.0% +8.0% 2023
2024: +8.6% +8.6% 2024
2025: +4.3% +4.3% 2025
Change in FHFA’s price index in Portage County, Ohio and the United States
Period
County
Ohio
U.S.
Last year (2025)
+4.3%
+4.8%
+2.9%
5 years (2020–2025)
+51%
+53%
+47%
10 years (2015–2025)
+80%
+93%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Ravenna next to Portage County, Ohio and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Ravenna$139,700
Portage$227,000
Ohio$214,800
United States$332,700
Typical monthly rent
Ravenna$947
Portage$1,064
Ohio$1,034
United States$1,413
Typical yearly household income
Ravenna$59,971
Portage$75,766
Ohio$71,389
United States$80,734
See the full table
Ravenna next to Portage County and Ohio
Measure
Ravenna
Portage County
Ohio
U.S.
Typical home value
$139,700 ▼38% below the county
$227,000
$214,800
$332,700
Typical monthly rent
$947 ▼11% below the county
$1,064
$1,034
$1,413
Typical yearly household income
$59,971 ▼21% below the county
$75,766
$71,389
$80,734
Households that own their home
47% ▼23 points below the county
70%
67%
65%
Typical yearly property tax
$1,790 ▼38% below the county
$2,877
$2,822
$3,119
Effective property tax rate
1.28% ▲0.01 points above the county
1.27%
1.31%
0.94%
Renters with high rent for their income
58% ▲3 points above the county
55%
46%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Portage County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Ravenna
For a typical $139,700 home in Ravenna, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Ravenna's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,198a month
Least cash to close
Down payment
$4,890
Cash to close
$9,081
Rate
7.18%
Mortgage insurance
FHA MIP · $62
Conventional, 5% down$1,173a month
Down payment
$6,985
Cash to close
$11,176
Rate
7.18%
Mortgage insurance
PMI · $66
Conventional, 20% down, no PMI$964a month
Down payment
$27,940
Cash to close
$32,131
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,093a month
Down payment
$20,955
Cash to close
$25,146
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Ravenna
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,198
$4,890
$137,170
7.18%
FHA MIP · $62
$9,081
580
Conventional, 5% down
$1,173
$6,985
$132,715
7.18%
PMI · $66
$11,176
620*
Conventional, 20% down, no PMI
$964
$27,940
$111,760
7.18%
None
$32,131
620*
ITIN, 15% down (example)
$1,093
$20,955
$118,745
8.18%
None
$25,146
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Ravenna is $947 a month: 11% below the county. In Ravenna, 58% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Portage County, by unit size. To pay the 2-bedroom one ($1,231 a month) without spending more than 30% of your income, you would need to earn $23.67 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Portage County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$886
$17.04
$35,440
1 bedroom
$952
$18.31
$38,080
2 bedrooms
$1,231
$23.67
$49,240
3 bedrooms
$1,474
$28.35
$58,960
4 bedrooms
$1,618
$31.12
$64,720
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Ravenna
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Ravenna is in ZIP code 44266.
For 2 bedrooms it is $1,130: $101 less than the fair market rent for Portage County ($1,231).
Fair market rent by ZIP code and size in Ravenna, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
44266
$810
$870
$1,130
$1,350
$1,490
ZIP code2 bd3 bd
44266 $1,130$1,350
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Ravenna when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 10 buildings with rents for lower incomes in Ravenna. These are the largest.
East Side Developments777 Eastowne Dr, Ravenna 44266210 homes, 202 low-income · Run by Portage Metropolitan Housing Authority · Average payment: $399 a month(330) 297-1489
Prospect House245 S Prospect St, Ravenna 4426666 low-income homes · Studio: 66 · In service since 2007 · For older adults(330) 297-1580
Terrill Commons218 W Main St, Ravenna 4426665 low-income homes · For families(330) 296-7139
Portage Terrace4516 Coe Rd, Ravenna 4426660 low-income homes · 1 bd: 12 · 2 bd: 32 · 3 bd: 16 · In service since 1995
Bryn Mawr Glen171 Bryn Mawr St, Ravenna 4426651 homes, 50 low-income · For older adults(330) 296-1044
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Portage County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Ravenna or Portage County. The ones below are statewide in Ohio: they work in Ravenna the same as in the rest of the state.
Ohio state agency help of 2.5% or 5% of the price for the down payment, closing costs or other costs before closing, forgiven after seven years; if you sell sooner, you repay all of it.Offered by Ohio Housing Finance Agency (OHFA).
Ohio state agency certificate that turns part of your mortgage interest into a credit on your federal tax return, up to $2,000 a year: 40% with an OHFA mortgage (MTC Plus) or 15% to 20% with another mortgage (MTC Basic).Offered by Ohio Housing Finance Agency (OHFA).
No legal help resource on our list is for Ravenna or Portage County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Ravenna and all of Portage County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Ravenna?
The typical home value in Ravenna is $139,700, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Portage County it is $227,000.
How much does it cost to rent in Ravenna?
Typical rent in Ravenna is $947 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Portage County is $1,231.
What is the FHA loan limit in Ravenna?
Ravenna uses the FHA limit for all of Portage County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Ravenna?
The typical homeowner in Ravenna pays $1,790 a year, according to the U.S. Census Bureau. That is 1.28% of the home’s value; in Portage County, the rate is 1.27%.
Where can I find free help to buy or rent in Ravenna?
We found no HUD-approved counseling agencies with an office in Portage County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
