Bay Village, OH—44140
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bay Village, OH
As of Oct '25, the median home price in Bay Village, OH is $402,000, with a year-over-year change of 6.9%. This indicates that home prices in Bay Village, 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 | $402,000 | 6.9% |
| Single Family | $401,000 | 7.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $270,000 | 6.7% |
3 Bed | $342,000 | 6.5% |
4 Bed | $500,000 | 7.5% |
| 5 Bed | $622,000 | 6.7% |
% of Housing Stock
Rental Trends — Bay Village, OH
As of July '25, Rentcast reports the average rent in Bay Village, OH is $2,570, with a year-over-year rent change of -4.5%. Per bedroom, the median rent as of July '25 in Bay Village, OH is 2-bedrooms: $1,830, 3-bedrooms: $2,830, 4-bedrooms: $3,500. The most common rental property sizes in Bay Village, OH are 1-bedroom and 3-bedroom, accounting for 35.2% and 22.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,570 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,800 | $1,830 |
| 3 Bed Rent | $2,700 | $2,830 |
| 4 Bed Rent | $3,500 | $3,500 |
% of Rental Stock
Property Listings — Bay Village, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Bay Village, OH is 47. This is a decrease of -22.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $676,000 | -12.0% |
Listing Count | 47 | 21.0% |
| Listings as % of Homes | 0.5% | 21.0% |
Days on Market | 47 | -22.0% |
Demographics — Bay Village, OH
As of the latest ACS Survey released in 2023, Bay Village, OH has a population of 16,000, which has increased by 3.9% over the past 5 years. Bay Village, OH is a popular place for families, as children make up 27.4% of the population. The area has a highly educated workforce, with 66.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,000 | 3.9% |
% Under 18 | 27.4% | 7.5% |
% Seniors | 19.1% | 10.4% |
% WFH | 24.1% | 167.8% |
% w/ College Degree | 66.4% | 0.5% |
As of the latest ACS Survey released in 2023, Bay Village, OH is a predominantly white area, with 92.0% of the population identifying as white. The white population has shrunk by 1.7% in the last 5 years. The second most common race or ethnicity in Bay Village, OH is hispanic, making up 2.8% of the population. Foreign-born residents account for 3.6% of the population in Bay Village, OH, and this percentage has increased by 20.0% 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 | 92.0% | -1.7% |
% Black | 0.8% | -20.0% |
% Hispanic | 2.8% | 55.6% |
% Asian | 0.9% | 28.6% |
% Foreign Born | 3.6% | 20.0% |
Mortgage and Risk — Bay Village, OH
According to HUD data as of 2023, there were 452 mortgage originations in Bay Village, OH, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Bay Village, OH. Investor activity is low, as 2.0% 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 | 452 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Bay Village, OH
Bay Village, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 72 |
Total Units Section 8 | 72 |
% Rentals under Section 8 | 13.6% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,340 |
| 2 Bedroom | -$170 | $1,800 | $1,630 |
| 3 Bedroom | -$600 | $2,700 | $2,100 |
| 4 Bedroom | -$1,250 | $3,500 | $2,250 |
Affordability — Bay Village, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $402,000 |
| Median Household Income | $122,000 |