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Wood County, OH

RANK #718 / 996  ·  POP 131,564  ·  OH

PROJECTED GROWTH: -0.1%

Wood County ranks in the bottom tier of U.S. counties on economic momentum.

[01] Why Wood County?

Wood County, Ohio's economy is anchored by a diverse mix of industries, including educational, health and social services (24%), manufacturing (21.1%), and retail (10.9%). Bowling Green State University is a significant employer, alongside major companies like First Solar and Abbott Laboratories. First Solar is investing $270 million in a 1.5 million-square-foot research and development facility in Perrysburg Township, solidifying Ohio's role in advanced thin-film photovoltaics. Abbott Laboratories is constructing a $500 million plant in Bowling Green, projected to create 450 jobs and be fully operational by 2027. IMCO Carbide Tool also has a $39 million expansion underway, adding 92 jobs.

The real estate market reflects a balanced environment, with the median home sale price at $274,000, up 2.9% year-over-year as of February 2026. Median rent stands at $1,457, a 1.1% month-over-month increase and 3.1% year-over-year increase as of February 2026. The county's population grew by 0.2% between 2023 and 2024, primarily driven by immigration. While the county benefits from ongoing private sector investments, including nearly $1 billion in 2022, a demographic shift towards an older population (16.6% aged 65 and older in 2022) presents a long-term workforce consideration.

[02] Market Snapshot

Housing Ratio
3.2x

Undervalued relative to economy

GDP Growth
+2.4%

Below national median

Home Prices
+0.3%

Well below national median

Climate & Terrain
-2.8

Below-average climate & terrain

Price/Rent
12x

Strong rental yield

Housing looks undervalued at 3.2x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Wood County U.S. National

The Numbers

DEMOGRAPHICS
Population
131,564
-0.28% YoY
Median Household Income
$70,537
Median Home Value
$203,300
+0.3% 12mo
Median Rent
$907
Average Annual Pay
$56,557
+3.9% YoY
Employment
75,922
+1.4% YoY
Income-to-Home-Value
0.347
More affordable than average
Migration Inflow
7.26%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$274,250
Days on Market
66
Slower market
Months of Supply
3.9
Balanced market
Sale-to-List Ratio
98.6%
Near asking price
Sold Above List
20.7%
Listings w/ Price Drops
10.1%
Building Permits (2024)
491
Single-Family Permits
319

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$1,347M
TOTAL
PROJECT AMOUNT STATUS
Meta Data Center (Bowling Green Data Center)
Meta
$800M Under Construction
Apollo Power Generation Facility (Natural Gas Plant & Battery Storage)
Will-Power OH, LLC (subsidiary of The Williams Companies)
$350M Approved
Amazon Fulfillment Center (Fremont Pike)
Amazon
$75M Under Construction
Juliet Solar Project
Lightsource BP
$62M Under Construction
Amazon Warehouse (Oregon Road)
Amazon
$30M Under Construction
FedEx Ground Distribution Center (Bowling Green)
FedEx Ground
$30M Operating

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +2.4% 44 percentile
Population Growth -0.3% 16 percentile
Income Growth +6.3% 11 percentile
Vacancy Rate 0.7% 81 percentile
Home Price Change +0.3% 34 percentile
Rent Growth +3.0% 50 percentile
Price/Rent 12x 72 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

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

Wood County has a Boom Town Index score of 28/100, ranking #718 among 996 U.S. counties. With job growth at +1.4% and a median household income of $70,537, it faces some economic headwinds compared to faster-growing counties.

Is Wood County affordable?

The median home value in Wood County is $203,300 with median rent at $907/month. The income-to-home-value ratio is 0.347, which is more affordable than the national average.

Is Wood County growing or shrinking?

Population growth: -0.3% year-over-year. Job growth: +1.4%. Home values changed +0.3% in the past 12 months.

Are people moving to Wood County?

Yes — 7.26% of Wood County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Cowlitz County, WA 38 Anderson County, SC 38 Georgetown County, SC 38 Kershaw County, SC 38 Utah County, UT 38 Morgan County, AL 38 Johnson County, IN 38 Jefferson Parish, LA 38