Northfield, OH—44067
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Northfield, OH
As of Oct '25, the median home price in Northfield, OH is $291,000, with a year-over-year change of 4.3%. This indicates that home prices in Northfield, OH are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $291,000 | 4.3% |
| Single Family | $325,000 | 4.5% |
| Condos | $205,000 | 4.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $123,000 | 3.4% |
2 Bed | $221,000 | 3.8% |
3 Bed | $281,000 | 4.5% |
4 Bed | $402,000 | 4.1% |
| 5 Bed | $436,000 | 4.3% |
% of Housing Stock
Rental Trends — Northfield, OH
As of July '25, Rentcast reports the average rent in Northfield, OH is $2,230, with a year-over-year rent change of 12.1%. Per bedroom, the median rent as of July '25 in Northfield, OH is 1-bedrooms: $1,560, 3-bedrooms: $2,900. The most common rental property sizes in Northfield, OH are 2-bedroom and 1-bedroom, accounting for 52.5% and 20.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,560 | $2,230 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,560 | $1,560 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,900 | $2,900 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Northfield, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Northfield, OH is 40. This is a increase of 45.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $254,000 | -7.0% |
Listing Count | 51 | 17.0% |
| Listings as % of Homes | 0.5% | 17.0% |
Days on Market | 40 | 45.0% |
Demographics — Northfield, OH
As of the latest ACS Survey released in 2023, Northfield, OH has a population of 19,900, which has decreased by -2.7% over the past 5 years. Northfield, OH is a moderately popular place for families, as children make up 16.5% of the population. The area has a moderately educated workforce, with 39.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,900 | -2.7% |
% Under 18 | 16.5% | -12.2% |
% Seniors | 23.5% | 10.3% |
% WFH | 17.7% | 247.1% |
% w/ College Degree | 39.7% | 10.9% |
As of the latest ACS Survey released in 2023, Northfield, OH is a predominantly white area, with 85.0% of the population identifying as white. The white population has grown by 1.4% in the last 5 years. The second most common race or ethnicity in Northfield, OH is black, making up 5.8% of the population. Foreign-born residents account for 5.8% of the population in Northfield, OH, and this percentage has decreased by 6.5% 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 | 85.0% | 1.4% |
% Black | 5.8% | -37.6% |
% Hispanic | 2.2% | 46.7% |
% Asian | 3.3% | -17.5% |
% Foreign Born | 5.8% | -6.5% |
Mortgage and Risk — Northfield, OH
According to HUD data as of 2023, there were 535 mortgage originations in Northfield, OH, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Northfield, OH. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 535 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Northfield, OH
Northfield, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$510 | $1,560 | $1,050 |
| 2 Bedroom | N/A | N/A | $1,350 |
| 3 Bedroom | -$1,230 | $2,900 | $1,670 |
| 4 Bedroom | N/A | N/A | $1,800 |
Affordability — Northfield, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $291,000 |
| Median Household Income | $89,100 |