Mount Gilead, OH—43338
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mount Gilead, OH
As of Oct '25, the median home price in Mount Gilead, OH is $251,000, with a year-over-year change of 1.1%. This indicates that home prices in Mount Gilead, OH are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $251,000 | 1.1% |
| Single Family | $251,000 | 0.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $224,000 | 4.7% |
3 Bed | $294,000 | 3.9% |
4 Bed | $374,000 | 3.0% |
| 5 Bed | $459,000 | 2.9% |
% of Housing Stock
Rental Trends — Mount Gilead, OH
As of July '25, Rentcast reports the average rent in Mount Gilead, OH is $875, with a year-over-year rent change of 66.7%. Per bedroom, the median rent as of July '25 in Mount Gilead, OH is 1-bedrooms: $650, 2-bedrooms: $1,100. The most common rental property sizes in Mount Gilead, OH are 3-bedroom and 1-bedroom, accounting for 38.3% and 36.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $650 | $875 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $650 | $650 |
| 2 Bed Rent | $1,100 | $1,100 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Mount Gilead, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Mount Gilead, OH is 59. This is a decrease of -13.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 45.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $389,000 | 13.0% |
Listing Count | 58 | 9.0% |
| Listings as % of Homes | 0.6% | 9.0% |
Days on Market | 59 | -13.0% |
Demographics — Mount Gilead, OH
As of the latest ACS Survey released in 2023, Mount Gilead, OH has a population of 10,400, which has increased by 2.3% over the past 5 years. Mount Gilead, OH is a moderately popular place for families, as children make up 21.5% of the population. The area has a poorly educated workforce, with 21.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,400 | 2.3% |
% Under 18 | 21.5% | -13.0% |
% Seniors | 18.9% | 3.3% |
% WFH | 10.7% | 181.6% |
% w/ College Degree | 21.4% | 23.0% |
As of the latest ACS Survey released in 2023, Mount Gilead, OH is a predominantly white area, with 93.6% of the population identifying as white. The white population has shrunk by 2.4% in the last 5 years. The second most common race or ethnicity in Mount Gilead, OH is hispanic, making up 2.6% of the population. Foreign-born residents account for 1.6% of the population in Mount Gilead, OH, and this percentage has increased by 1500.0% 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 | 93.6% | -2.4% |
% Black | 0.8% | 100.0% |
% Hispanic | 2.6% | 4.0% |
% Asian | 0.9% | ∞% |
% Foreign Born | 1.6% | 1,500.0% |
Mortgage and Risk — Mount Gilead, OH
According to HUD data as of 2023, there were 284 mortgage originations in Mount Gilead, OH, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Mount Gilead, OH. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 284 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Mount Gilead, OH
Mount Gilead, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 180 |
Total Units Section 8 | 115 |
% Rentals under Section 8 | 12.4% |
% Occupied Section 8 | 77.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $310 | $650 | $960 |
| 2 Bedroom | $80 | $1,100 | $1,180 |
| 3 Bedroom | N/A | N/A | $1,420 |
| 4 Bedroom | N/A | N/A | $1,580 |
Affordability — Mount Gilead, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $251,000 |
| Median Household Income | $69,800 |