Berea, OH 44017 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Berea, OH—44017

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$247,000

5.5% YoY Growth

Household Income

$72,000

21.8% YoY Growth

Days on Market

13.0% Longer YoY

Home Price Forecast

1.7%

Median Rent

$1,800

29.5% YoY Growth

1-Bed Rent

$864

16.0% YoY Growth

2-Bed Rent

$1,500

16.3% YoY Growth

3-Bed Rent

$2,050

8.3% YoY Growth

Home Price Trends — Berea, OH

As of May '26, the median home price in Berea, OH is $247,000, with a year-over-year change of 5.5%. This indicates that home prices in Berea, OH are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$247,000	5.5%
Single Family	$250,000	5.5%
Condos	$163,000	3.8%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Berea, OH

As of July '25, Rentcast reports the average rent in Berea, OH is $1,710, with a year-over-year rent change of 29.5%. Per bedroom, the median rent as of July '25 in Berea, OH is 1-bedrooms: $834, 2-bedrooms: $1,570, 3-bedrooms: $1,960, 4-bedrooms: $2,490. The most common rental property sizes in Berea, OH are 1-bedroom and 2-bedroom, accounting for 38.8% and 24.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,800	$1,710
Studio Rent	N/A	N/A
1 Bed Rent	$864	$834
2 Bed Rent	$1,500	$1,570
3 Bed Rent	$2,050	$1,960
4 Bed Rent	$2,200	$2,490

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% of Rental Stock

Studio

6.5%

1 Bedroom

38.8%

2 Bedrooms

24.8%

3 Bedrooms

20.2%

4 Bedrooms

5.5%

5+ Bedrooms

4.3%

Property Listings — Berea, OH

As of May '26, Realtor.com reports that the median days on market for a home in Berea, OH is 20. This is a increase of 13.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$269,000	3.0%
Listing Count	34	-2.0%
Listings as % of Homes	0.4%	-2.0%
Days on Market	20	13.0%

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Demographics — Berea, OH

As of the latest ACS Survey released in 2023, Berea, OH has a population of 18,400, which has decreased by -2.8% over the past 5 years. Berea, OH is a moderately popular place for families, as children make up 19.1% of the population. The area has a moderately educated workforce, with 37.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	18,400	-2.8%
% Under 18	19.1%	6.7%
% Seniors	17.1%	6.9%
% WFH	15.4%	316.2%
% w/ College Degree	37.8%	12.5%

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As of the latest ACS Survey released in 2023, Berea, OH is a predominantly white area, with 79.1% of the population identifying as white. The white population has shrunk by 7.7% in the last 5 years. The second most common race or ethnicity in Berea, OH is black, making up 8.8% of the population. Foreign-born residents account for 2.1% of the population in Berea, OH, and this percentage has decreased by 34.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	79.1%	-7.7%
% Black	8.8%	31.3%
% Hispanic	3.6%	9.1%
% Asian	1.8%	-28.0%
% Foreign Born	2.1%	-34.4%

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Mortgage and Risk — Berea, OH

According to HUD data as of 2023, there were 412 mortgage originations in Berea, OH, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Berea, OH. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	412
% Conventional Loans	84.0%
% Government Loans	16.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — Berea, OH

As of 2024, the percent of homes in Berea, OH under the Section 8 program is 10.0%. 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 Berea, 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	189
Total Units Section 8	189
% Rentals under Section 8	10.0%
% Occupied Section 8	93.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$146	$864	$1,010
2 Bedroom	-$280	$1,500	$1,220
3 Bedroom	-$480	$2,050	$1,570
4 Bedroom	-$520	$2,200	$1,680

Berea, OH—44017

Key Metrics at a Glance

Home Price Trends — Berea, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Berea, OH

% of Rental Stock

Property Listings — Berea, OH

Demographics — Berea, OH

Race and Ethnicity

Mortgage and Risk — Berea, OH

Mortgages

Rentals and Section 8 — Berea, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Berea, OH

Home Price to Income Ratio

Berea, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Brook Park, Brookpark, OH

Strongsville, OH

Olmsted Falls, OH

Puritas-Longmead, Cleveland, OH

North Olmsted, OH

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.8
Median Home Price	$247,000
Median Household Income	$72,000

Berea, OH—44017

Key Metrics at a Glance

Home Price Trends — Berea, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Berea, OH

% of Rental Stock

Property Listings — Berea, OH

Demographics — Berea, OH

Race and Ethnicity

Mortgage and Risk — Berea, OH

Mortgages

Rentals and Section 8 — Berea, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Berea, OH

Home Price to Income Ratio

Berea, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Brook Park, Brookpark, OH

Strongsville, OH

Olmsted Falls, OH

Puritas-Longmead, Cleveland, OH

North Olmsted, OH

Frequently Asked Questions

What is the average home price in Berea, OH 44017?

How have home prices in Berea, OH 44017 changed over the past year?

What is the home price projection for Berea, OH 44017?

What are the demographics of Berea, OH 44017?

How long does it take homes to sell in Berea, OH 44017?

What is the average rent price in Berea, OH 44017?