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Berea, OH—44017

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$233,000
4.6% YoY Growth
Household Income
$72,000
21.8% YoY Growth
Days on Market
35
31.0% Longer YoY
Home Price Forecast
2.9%
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
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Berea, OH

As of Dec '25, the median home price in Berea, OH is $233,000, with a year-over-year change of 4.6%. This indicates that home prices in Berea, OH are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$233,0004.6%
Single Family $236,0004.9%
Condos $161,0003.9%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $87,000
    6.1%
    2 Bed
    		$176,0006.0%
    3 Bed
    		$230,0005.0%
    4 Bed
    		$283,0004.0%
    5 Bed $292,5492.4%
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    % of Housing Stock

    Studio
    1.7%
    1 Bedroom
    11.8%
    2 Bedrooms
    14.7%
    3 Bedrooms
    47.2%
    4 Bedrooms
    18.9%
    5+ Bedrooms
    5.6%

    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.

    TypeMedian RentAverage Rent
    Average Rent$1,800$1,710
    Studio Rent N/AN/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 Dec '25, Realtor.com reports that the median days on market for a home in Berea, OH is 38. This is a increase of 16.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$257,000-1.0%
    Listing Count
    		2920.0%
    Listings as % of Homes0.4%20.0%
    Days on Market
    		3531.0%
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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.

    MetricLatest CensusYoY % 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

    MetricLatest Census5-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

    MetricZip 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 SizeHUD PremiumMarket RentMax 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

    Affordability — Berea, OH

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.7
    Median Home Price$233,000
    Median Household Income$72,000

    Berea, OH — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    44142

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    44149

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    North Olmsted, OH

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    Frequently Asked Questions