London, OH—43140
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — London, OH
As of Oct '25, the median home price in London, OH is $291,000, with a year-over-year change of 1.9%. This indicates that home prices in London, OH are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $291,000 | 1.9% |
| Single Family | $300,000 | 1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $223,000 | 3.2% |
3 Bed | $298,000 | 1.7% |
4 Bed | $388,000 | 1.8% |
| 5 Bed | $473,000 | 2.6% |
% of Housing Stock
Rental Trends — London, OH
As of July '25, Rentcast reports the average rent in London, OH is $1,290, with a year-over-year rent change of 10.3%. Per bedroom, the median rent as of July '25 in London, OH is 1-bedrooms: $650, 2-bedrooms: $1,130, 3-bedrooms: $1,650. The most common rental property sizes in London, OH are 2-bedroom and 3-bedroom, accounting for 47.3% and 25.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,290 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $650 | $650 |
| 2 Bed Rent | $975 | $1,130 |
| 3 Bed Rent | $1,500 | $1,650 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — London, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in London, OH is 54. This is a increase of 39.0% 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 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $340,000 | 17.0% |
Listing Count | 56 | -10.0% |
| Listings as % of Homes | 0.3% | -10.0% |
Days on Market | 54 | 39.0% |
Demographics — London, OH
As of the latest ACS Survey released in 2023, London, OH has a population of 24,200, which has decreased by -1.4% over the past 5 years. London, OH is a moderately popular place for families, as children make up 17.2% of the population. The area has a poorly educated workforce, with 19.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,200 | -1.4% |
% Under 18 | 17.2% | -2.8% |
% Seniors | 14.0% | 2.2% |
% WFH | 11.8% | 168.2% |
% w/ College Degree | 19.9% | 31.8% |
As of the latest ACS Survey released in 2023, London, OH is a predominantly white area, with 82.2% of the population identifying as white. The white population has shrunk by 2.7% in the last 5 years. The second most common race or ethnicity in London, OH is black, making up 8.5% of the population. Foreign-born residents account for 2.5% of the population in London, OH, and this percentage has increased by 56.2% 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 | 82.2% | -2.7% |
% Black | 8.5% | -15.0% |
% Hispanic | 1.7% | 6.2% |
% Asian | 1.5% | 25.0% |
% Foreign Born | 2.5% | 56.2% |
Mortgage and Risk — London, OH
According to HUD data as of 2023, there were 409 mortgage originations in London, OH, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in London, OH. Investor activity is low, as 1.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 409 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — London, OH
London, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 185 |
Total Units Section 8 | 35 |
% Rentals under Section 8 | 1.5% |
% Occupied Section 8 | 84.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $350 | $650 | $1,000 |
| 2 Bedroom | $235 | $975 | $1,210 |
| 3 Bedroom | -$40 | $1,500 | $1,460 |
| 4 Bedroom | N/A | N/A | $1,620 |
Affordability — London, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $291,000 |
| Median Household Income | $82,600 |