Bay Village, OH 44140 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Bay Village, OH—44140

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$399,000

7.0% YoY Growth

Household Income

$122,000

18.6% YoY Growth

Days on Market

10.0% Longer YoY

Home Price Forecast

2.6%

Median Rent

$2,300

4.5% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,800

40.0% YoY Growth

3-Bed Rent

$2,700

51.3% YoY Growth

Home Price Trends — Bay Village, OH

As of Dec '25, the median home price in Bay Village, OH is $399,000, with a year-over-year change of 7.0%. This indicates that home prices in Bay Village, OH are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$399,000	7.0%
Single Family	$398,000	7.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

17.4%

1 Bedroom

35.2%

2 Bedrooms

17.2%

3 Bedrooms

22.2%

4 Bedrooms

6.8%

5+ Bedrooms

1.1%

Property Listings — Bay Village, OH

As of Dec '25, Realtor.com reports that the median days on market for a home in Bay Village, OH is 39. This is a decrease of -8.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$606,000	3.0%
Listing Count	44	33.0%
Listings as % of Homes	0.5%	33.0%
Days on Market	55	10.0%

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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%

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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%

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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%

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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

Bay Village, OH—44140

Key Metrics at a Glance

Home Price Trends — Bay Village, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Bay Village, OH

% of Rental Stock

Property Listings — Bay Village, OH

Demographics — Bay Village, OH

Race and Ethnicity

Mortgage and Risk — Bay Village, OH

Mortgages

Rentals and Section 8 — Bay Village, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Bay Village, OH

Home Price to Income Ratio

Bay Village, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Westlake, OH

North Olmsted, OH

Rocky River, OH

Avon Lake, OH

Fairview Park, OH

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.7
Median Home Price	$399,000
Median Household Income	$122,000

Bay Village, OH—44140

Key Metrics at a Glance

Home Price Trends — Bay Village, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Bay Village, OH

% of Rental Stock

Property Listings — Bay Village, OH

Demographics — Bay Village, OH

Race and Ethnicity

Mortgage and Risk — Bay Village, OH

Mortgages

Rentals and Section 8 — Bay Village, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Bay Village, OH

Home Price to Income Ratio

Bay Village, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Westlake, OH

North Olmsted, OH

Rocky River, OH

Avon Lake, OH

Fairview Park, OH

Frequently Asked Questions

What is the average home price in Bay Village, OH 44140?

How have home prices in Bay Village, OH 44140 changed over the past year?

What is the home price projection for Bay Village, OH 44140?

What are the demographics of Bay Village, OH 44140?

How long does it take homes to sell in Bay Village, OH 44140?

What is the average rent price in Bay Village, OH 44140?