Merion Village, Columbus, OH—43206
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Merion Village, Columbus, OH
As of Oct '25, the median home price in Merion Village, Columbus, OH is $270,000, with a year-over-year change of -1.1%. This indicates that home prices in Merion Village, Columbus, OH are decreasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $270,000 | -1.1% |
| Single Family | $262,000 | -2.2% |
| Condos | $362,000 | 1.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $299,000 | 8.3% |
2 Bed | $291,000 | 1.4% |
3 Bed | $251,000 | -3.1% |
4 Bed | $306,000 | -1.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Merion Village, Columbus, OH
As of July '25, Rentcast reports the average rent in Merion Village, Columbus, OH is $1,740, with a year-over-year rent change of 2.4%. Per bedroom, the median rent as of July '25 in Merion Village, Columbus, OH is 1-bedrooms: $1,260, 2-bedrooms: $1,660, 3-bedrooms: $1,840, 4-bedrooms: $2,000. The most common rental property sizes in Merion Village, Columbus, OH are 2-bedroom and 3-bedroom, accounting for 43.3% and 28.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,740 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,260 |
| 2 Bed Rent | $1,400 | $1,660 |
| 3 Bed Rent | $1,700 | $1,840 |
| 4 Bed Rent | $1,990 | $2,000 |
% of Rental Stock
Property Listings — Merion Village, Columbus, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Merion Village, Columbus, OH is 59. 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 58.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $349,000 | -13.0% |
Listing Count | 176 | 6.0% |
| Listings as % of Homes | 0.6% | 6.0% |
Days on Market | 59 | 3.0% |
Demographics — Merion Village, Columbus, OH
As of the latest ACS Survey released in 2023, Merion Village, Columbus, OH has a population of 22,000, which has decreased by -2.9% over the past 5 years. Merion Village, Columbus, OH is a less popular place for families, as children make up 14.7% of the population. The area has a highly educated workforce, with 47.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,000 | -2.9% |
% Under 18 | 14.7% | -28.3% |
% Seniors | 13.5% | 35.0% |
% WFH | 16.0% | 281.0% |
% w/ College Degree | 47.7% | 23.9% |
As of the latest ACS Survey released in 2023, Merion Village, Columbus, OH is a predominantly white area, with 55.9% of the population identifying as white. The white population has grown by 15.0% in the last 5 years. The second most common race or ethnicity in Merion Village, Columbus, OH is black, making up 31.5% of the population. Foreign-born residents account for 3.5% of the population in Merion Village, Columbus, OH, and this percentage has increased by 25.0% 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 | 55.9% | 15.0% |
% Black | 31.5% | -26.4% |
% Hispanic | 4.2% | 133.3% |
% Asian | 1.3% | 8.3% |
% Foreign Born | 3.5% | 25.0% |
Mortgage and Risk — Merion Village, Columbus, OH
According to HUD data as of 2023, there were 534 mortgage originations in Merion Village, Columbus, OH, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Merion Village, Columbus, OH. Investor activity is low, as 7.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 534 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 7.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Merion Village, Columbus, OH
As of 2024, the percent of homes in Merion Village, Columbus, OH under the Section 8 program is 8.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Merion Village, Columbus, OH, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 551 |
Total Units Section 8 | 531 |
% Rentals under Section 8 | 8.4% |
% Occupied Section 8 | 83.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$40 | $1,200 | $1,160 |
| 2 Bedroom | $0 | $1,400 | $1,400 |
| 3 Bedroom | -$10 | $1,700 | $1,690 |
| 4 Bedroom | -$110 | $1,990 | $1,880 |
Affordability — Merion Village, Columbus, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $270,000 |
| Median Household Income | $74,400 |