Mount Gilead, OH 43338 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Mount Gilead, OH—43338

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$252,000

0.8% YoY Growth

Household Income

$69,800

31.0% YoY Growth

Days on Market

15.0% Longer YoY

Home Price Forecast

2.4%

Median Rent

$650

66.7% YoY Growth

1-Bed Rent

$650

N/A

2-Bed Rent

$1,100

109.5% YoY Growth

3-Bed Rent

N/A

Home Price Trends — Mount Gilead, OH

As of Dec '25, the median home price in Mount Gilead, OH is $252,000, with a year-over-year change of 0.8%. This indicates that home prices in Mount Gilead, OH are flat. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$252,000	0.8%
Single Family	$253,000	1.2%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

1 Bedroom

36.8%

2 Bedrooms

21.8%

3 Bedrooms

38.3%

4 Bedrooms

3.1%

Property Listings — Mount Gilead, OH

As of Dec '25, Realtor.com reports that the median days on market for a home in Mount Gilead, OH is 92. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 46.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$406,000	11.0%
Listing Count	43	11.0%
Listings as % of Homes	0.6%	11.0%
Days on Market	88	15.0%

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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%

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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%

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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%

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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

Mount Gilead, OH—43338

Key Metrics at a Glance

Home Price Trends — Mount Gilead, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Mount Gilead, OH

% of Rental Stock

Property Listings — Mount Gilead, OH

Demographics — Mount Gilead, OH

Race and Ethnicity

Mortgage and Risk — Mount Gilead, OH

Mortgages

Rentals and Section 8 — Mount Gilead, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Mount Gilead, OH

Home Price to Income Ratio

Mount Gilead, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Chesterville

Cardington, OH

Cardington, OH

Edison, OH

Galion, OH

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.4
Median Home Price	$252,000
Median Household Income	$69,800

Mount Gilead, OH—43338

Key Metrics at a Glance

Home Price Trends — Mount Gilead, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Mount Gilead, OH

% of Rental Stock

Property Listings — Mount Gilead, OH

Demographics — Mount Gilead, OH

Race and Ethnicity

Mortgage and Risk — Mount Gilead, OH

Mortgages

Rentals and Section 8 — Mount Gilead, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Mount Gilead, OH

Home Price to Income Ratio

Mount Gilead, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Chesterville

Cardington, OH

Cardington, OH

Edison, OH

Galion, OH

Frequently Asked Questions

What is the average home price in Mount Gilead, OH 43338?

How have home prices in Mount Gilead, OH 43338 changed over the past year?

What is the home price projection for Mount Gilead, OH 43338?

What are the demographics of Mount Gilead, OH 43338?

How long does it take homes to sell in Mount Gilead, OH 43338?

What is the average rent price in Mount Gilead, OH 43338?