Minerva Park, OH—43231
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Minerva Park, OH
As of Oct '25, the median home price in Minerva Park, OH is $267,000, with a year-over-year change of 1.2%. This indicates that home prices in Minerva Park, 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 | $267,000 | 1.2% |
| Single Family | $300,000 | 1.0% |
| Condos | $153,000 | -0.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $153,000 | -1.9% |
3 Bed | $294,000 | 1.4% |
4 Bed | $334,000 | 1.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Minerva Park, OH
As of July '25, Rentcast reports the average rent in Minerva Park, OH is $1,790, with a year-over-year rent change of 1.1%. Per bedroom, the median rent as of July '25 in Minerva Park, OH is 1-bedrooms: $1,070, 2-bedrooms: $1,480, 3-bedrooms: $1,950, 4-bedrooms: $2,640. The most common rental property sizes in Minerva Park, OH are 2-bedroom and 1-bedroom, accounting for 59.4% and 15.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,680 | $1,790 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $965 | $1,070 |
| 2 Bed Rent | $1,480 | $1,480 |
| 3 Bed Rent | $1,750 | $1,950 |
| 4 Bed Rent | $2,550 | $2,640 |
% of Rental Stock
Property Listings — Minerva Park, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Minerva Park, OH is 49. This is a increase of 64.0% 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 | $302,000 | -6.0% |
Listing Count | 59 | 62.0% |
| Listings as % of Homes | 0.2% | 62.0% |
Days on Market | 49 | 64.0% |
Demographics — Minerva Park, OH
As of the latest ACS Survey released in 2023, Minerva Park, OH has a population of 22,700, which has increased by 4.1% over the past 5 years. Minerva Park, OH is a popular place for families, as children make up 25.4% of the population. The area has a moderately educated workforce, with 31.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,700 | 4.1% |
% Under 18 | 25.4% | -13.0% |
% Seniors | 12.1% | 18.6% |
% WFH | 14.5% | 222.2% |
% w/ College Degree | 31.0% | 11.9% |
As of the latest ACS Survey released in 2023, Minerva Park, OH is a predominantly black area, with 39.2% of the population identifying as black. The black population has shrunk by 6.7% in the last 5 years. The second most common race or ethnicity in Minerva Park, OH is white, making up 38.2% of the population. Foreign-born residents account for 26.3% of the population in Minerva Park, OH, and this percentage has increased by 26.4% 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 | 38.2% | -9.5% |
% Black | 39.2% | -6.7% |
% Hispanic | 7.9% | -4.8% |
% Asian | 8.3% | 72.9% |
% Foreign Born | 26.3% | 26.4% |
Mortgage and Risk — Minerva Park, OH
According to HUD data as of 2023, there were 366 mortgage originations in Minerva Park, OH, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Minerva Park, OH. Investor activity is low, as 2.0% 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 | 366 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Minerva Park, OH
As of 2024, the percent of homes in Minerva Park, OH under the Section 8 program is 7.3%. 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 units appear to be good home sizes to consider for Section 8 housing in Minerva Park, OH, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 292 |
Total Units Section 8 | 274 |
% Rentals under Section 8 | 7.3% |
% Occupied Section 8 | 85.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $185 | $965 | $1,150 |
| 2 Bedroom | -$90 | $1,480 | $1,390 |
| 3 Bedroom | -$80 | $1,750 | $1,670 |
| 4 Bedroom | -$680 | $2,550 | $1,870 |
Affordability — Minerva Park, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $267,000 |
| Median Household Income | $75,100 |