Granville, OH—43023
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Granville, OH
As of Oct '25, the median home price in Granville, OH is $509,000, with a year-over-year change of 0.5%. This indicates that home prices in Granville, OH are flat. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $509,000 | 0.5% |
| Single Family | $520,000 | 0.8% |
| Condos | $314,000 | 1.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $350,000 | 0.3% |
3 Bed | $439,000 | 0.5% |
4 Bed | $591,000 | 1.4% |
| 5 Bed | $814,000 | 2.1% |
% of Housing Stock
Rental Trends — Granville, OH
As of July '25, Rentcast reports the average rent in Granville, OH is $2,600, with a year-over-year rent change of -4.8%. Per bedroom, the median rent as of July '25 in Granville, OH is 3-bedrooms: $2,600. The most common rental property sizes in Granville, OH are 2-bedroom and 1-bedroom, accounting for 33.4% and 30.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,600 | $2,600 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,600 | $2,600 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Granville, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Granville, OH is 68. This is a increase of 8.0% 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 44.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $498,000 | -14.0% |
Listing Count | 54 | -1.0% |
| Listings as % of Homes | 0.5% | -1.0% |
Days on Market | 68 | 8.0% |
Demographics — Granville, OH
As of the latest ACS Survey released in 2023, Granville, OH has a population of 15,800, which has increased by 13.8% over the past 5 years. Granville, OH is a moderately popular place for families, as children make up 20.8% of the population. The area has a highly educated workforce, with 54.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,800 | 13.8% |
% Under 18 | 20.8% | -11.1% |
% Seniors | 16.8% | 28.2% |
% WFH | 17.9% | 72.1% |
% w/ College Degree | 54.6% | -6.0% |
As of the latest ACS Survey released in 2023, Granville, OH is a predominantly white area, with 89.9% of the population identifying as white. The white population has shrunk by 1.0% in the last 5 years. The second most common race or ethnicity in Granville, OH is asian, making up 4.7% of the population. Foreign-born residents account for 6.2% of the population in Granville, OH, and this percentage has increased by 44.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 89.9% | -1.0% |
% Black | 0.7% | 40.0% |
% Hispanic | 1.8% | -41.9% |
% Asian | 4.7% | 38.2% |
% Foreign Born | 6.2% | 44.2% |
Mortgage and Risk — Granville, OH
According to HUD data as of 2023, there were 247 mortgage originations in Granville, OH, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Granville, OH. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 247 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Granville, OH
Granville, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 0.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,100 |
| 2 Bedroom | N/A | N/A | $1,330 |
| 3 Bedroom | -$1,000 | $2,600 | $1,600 |
| 4 Bedroom | N/A | N/A | $1,780 |
Affordability — Granville, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $509,000 |
| Median Household Income | $136,000 |