Gahanna, OH—43230
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gahanna, OH
As of Oct '25, the median home price in Gahanna, OH is $335,000, with a year-over-year change of 2.4%. This indicates that home prices in Gahanna, OH are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $335,000 | 2.4% |
| Single Family | $361,000 | 3.1% |
| Condos | $259,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $248,000 | 0.0% |
3 Bed | $326,000 | 2.2% |
4 Bed | $419,000 | 3.7% |
| 5 Bed | $540,000 | 3.1% |
% of Housing Stock
Rental Trends — Gahanna, OH
As of July '25, Rentcast reports the average rent in Gahanna, OH is $1,950, with a year-over-year rent change of -11.4%. Per bedroom, the median rent as of July '25 in Gahanna, OH is studios: $1,640, 1-bedrooms: $1,140, 2-bedrooms: $2,380, 3-bedrooms: $2,210, 4-bedrooms: $2,530. The most common rental property sizes in Gahanna, OH are 2-bedroom and 1-bedroom, accounting for 46.5% and 27.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,950 |
| Studio Rent | $916 | $1,640 |
| 1 Bed Rent | $1,100 | $1,140 |
| 2 Bed Rent | $1,300 | $2,380 |
| 3 Bed Rent | $2,200 | $2,210 |
| 4 Bed Rent | $2,600 | $2,530 |
% of Rental Stock
Property Listings — Gahanna, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Gahanna, OH is 36. This is a increase of 28.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $369,000 | 7.0% |
Listing Count | 105 | -7.0% |
| Listings as % of Homes | 0.3% | -7.0% |
Days on Market | 36 | 28.0% |
Demographics — Gahanna, OH
As of the latest ACS Survey released in 2023, Gahanna, OH has a population of 59,500, which has increased by 2.3% over the past 5 years. Gahanna, OH is a moderately popular place for families, as children make up 24.4% of the population. The area has a highly educated workforce, with 50.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 59,500 | 2.3% |
% Under 18 | 24.4% | 4.3% |
% Seniors | 13.8% | 7.8% |
% WFH | 19.1% | 235.1% |
% w/ College Degree | 50.2% | 5.7% |
As of the latest ACS Survey released in 2023, Gahanna, OH is a predominantly white area, with 64.2% of the population identifying as white. The white population has shrunk by 10.6% in the last 5 years. The second most common race or ethnicity in Gahanna, OH is black, making up 19.3% of the population. Foreign-born residents account for 9.5% of the population in Gahanna, OH, and this percentage has increased by 20.3% 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 | 64.2% | -10.6% |
% Black | 19.3% | 7.8% |
% Hispanic | 5.0% | 47.1% |
% Asian | 5.4% | 22.7% |
% Foreign Born | 9.5% | 20.3% |
Mortgage and Risk — Gahanna, OH
According to HUD data as of 2023, there were 587 mortgage originations in Gahanna, OH, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Gahanna, OH. Investor activity is low, as 3.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 587 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Gahanna, OH
As of 2024, the percent of homes in Gahanna, OH under the Section 8 program is 4.2%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Gahanna, OH, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 441 |
Total Units Section 8 | 431 |
% Rentals under Section 8 | 4.2% |
% Occupied Section 8 | 87.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $280 | $1,100 | $1,380 |
| 2 Bedroom | $370 | $1,300 | $1,670 |
| 3 Bedroom | -$190 | $2,200 | $2,010 |
| 4 Bedroom | -$360 | $2,600 | $2,240 |
Affordability — Gahanna, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $335,000 |
| Median Household Income | $92,300 |