Minerva Park, OH 43231 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Minerva Park, OH—43231

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$265,000

1.2% YoY Growth

Household Income

$75,100

52.3% YoY Growth

Days on Market

112.0% Longer YoY

Home Price Forecast

2.1%

Median Rent

$1,680

1.1% YoY Growth

1-Bed Rent

$965

19.6% YoY Growth

2-Bed Rent

$1,480

9.6% YoY Growth

3-Bed Rent

$1,750

1.0% YoY Growth

Home Price Trends — Minerva Park, OH

As of Dec '25, the median home price in Minerva Park, OH is $265,000, 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 2.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$265,000	1.2%
Single Family	$298,000	1.0%
Condos	$155,000	-1.3%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

2.9%

1 Bedroom

15.2%

2 Bedrooms

59.4%

3 Bedrooms

13.5%

4 Bedrooms

9.0%

Property Listings — Minerva Park, OH

As of Dec '25, Realtor.com reports that the median days on market for a home in Minerva Park, OH is 67. This is a increase of 124.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$304,000	5.0%
Listing Count	42	58.0%
Listings as % of Homes	0.2%	58.0%
Days on Market	71	112.0%

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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%

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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%

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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%

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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

Minerva Park, OH—43231

Key Metrics at a Glance

Home Price Trends — Minerva Park, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Minerva Park, OH

% of Rental Stock

Property Listings — Minerva Park, OH

Demographics — Minerva Park, OH

Race and Ethnicity

Mortgage and Risk — Minerva Park, OH

Mortgages

Rentals and Section 8 — Minerva Park, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Minerva Park, OH

Home Price to Income Ratio

Minerva Park, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Forest Park East, Columbus, OH

North Linden, Columbus, OH

Westerville, OH

Easton, Columbus, OH

South Linden, Columbus, OH

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.1
Median Home Price	$265,000
Median Household Income	$75,100

Minerva Park, OH—43231

Key Metrics at a Glance

Home Price Trends — Minerva Park, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Minerva Park, OH

% of Rental Stock

Property Listings — Minerva Park, OH

Demographics — Minerva Park, OH

Race and Ethnicity

Mortgage and Risk — Minerva Park, OH

Mortgages

Rentals and Section 8 — Minerva Park, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Minerva Park, OH

Home Price to Income Ratio

Minerva Park, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Forest Park East, Columbus, OH

North Linden, Columbus, OH

Westerville, OH

Easton, Columbus, OH

South Linden, Columbus, OH

Frequently Asked Questions

What is the average home price in Minerva Park, OH 43231?

How have home prices in Minerva Park, OH 43231 changed over the past year?

What is the home price projection for Minerva Park, OH 43231?

What are the demographics of Minerva Park, OH 43231?

How long does it take homes to sell in Minerva Park, OH 43231?

What is the average rent price in Minerva Park, OH 43231?