Granville, OH 43023 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Granville, OH—43023

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$509,000

0.7% YoY Growth

Household Income

$136,000

28.2% YoY Growth

Days on Market

10.0% Longer YoY

Home Price Forecast

2.5%

Median Rent

$2,600

4.8% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$2,600

5.7% YoY Growth

Home Price Trends — Granville, OH

As of Dec '25, the median home price in Granville, OH is $509,000, with a year-over-year change of 0.7%. This indicates that home prices in Granville, OH are flat. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$509,000	0.7%
Single Family	$519,000	1.0%
Condos	$312,000	2.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

8.8%

1 Bedroom

30.9%

2 Bedrooms

33.4%

3 Bedrooms

18.1%

4 Bedrooms

6.0%

5+ Bedrooms

2.8%

Property Listings — Granville, OH

As of Dec '25, Realtor.com reports that the median days on market for a home in Granville, OH is 69. This is a increase of 3.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$480,000	-22.0%
Listing Count	35	-12.0%
Listings as % of Homes	0.5%	-12.0%
Days on Market	86	10.0%

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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%

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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%

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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%

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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

Granville, OH—43023

Key Metrics at a Glance

Home Price Trends — Granville, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Granville, OH

% of Rental Stock

Property Listings — Granville, OH

Demographics — Granville, OH

Race and Ethnicity

Mortgage and Risk — Granville, OH

Mortgages

Rentals and Section 8 — Granville, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Granville, OH

Home Price to Income Ratio

Granville, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Alexandria, OH

Hebron, OH

Kirkersville

Buckeye Lake

Johnstown, OH

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.4
Median Home Price	$509,000
Median Household Income	$136,000

Granville, OH—43023

Key Metrics at a Glance

Home Price Trends — Granville, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Granville, OH

% of Rental Stock

Property Listings — Granville, OH

Demographics — Granville, OH

Race and Ethnicity

Mortgage and Risk — Granville, OH

Mortgages

Rentals and Section 8 — Granville, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Granville, OH

Home Price to Income Ratio

Granville, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Alexandria, OH

Hebron, OH

Kirkersville

Buckeye Lake

Johnstown, OH

Frequently Asked Questions

What is the average home price in Granville, OH 43023?

How have home prices in Granville, OH 43023 changed over the past year?

What is the home price projection for Granville, OH 43023?

What are the demographics of Granville, OH 43023?

How long does it take homes to sell in Granville, OH 43023?

What is the average rent price in Granville, OH 43023?