Tallmadge, OH—44278
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Tallmadge, OH
As of Oct '25, the median home price in Tallmadge, OH is $278,000, with a year-over-year change of 3.8%. This indicates that home prices in Tallmadge, OH are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $278,000 | 3.8% |
| Single Family | $284,000 | 4.0% |
| Condos | $253,000 | 4.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $222,000 | 3.7% |
3 Bed | $269,000 | 3.9% |
4 Bed | $343,000 | 4.6% |
| 5 Bed | $377,000 | 3.0% |
% of Housing Stock
Rental Trends — Tallmadge, OH
As of July '25, Rentcast reports the average rent in Tallmadge, OH is $1,740, with a year-over-year rent change of 3.6%. Per bedroom, the median rent as of July '25 in Tallmadge, OH is 1-bedrooms: $1,010, 2-bedrooms: $1,320, 3-bedrooms: $2,150, 4-bedrooms: $2,620. The most common rental property sizes in Tallmadge, OH are 2-bedroom and 1-bedroom, accounting for 47.2% and 30.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,740 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $850 | $1,010 |
| 2 Bed Rent | $1,150 | $1,320 |
| 3 Bed Rent | $1,800 | $2,150 |
| 4 Bed Rent | $2,350 | $2,620 |
% of Rental Stock
Property Listings — Tallmadge, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Tallmadge, OH is 30. This is a increase of 50.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $342,000 | 16.0% |
Listing Count | 56 | 8.0% |
| Listings as % of Homes | 0.6% | 8.0% |
Days on Market | 30 | 50.0% |
Demographics — Tallmadge, OH
As of the latest ACS Survey released in 2023, Tallmadge, OH has a population of 18,600, which has increased by 3.6% over the past 5 years. Tallmadge, OH is a moderately popular place for families, as children make up 18.3% of the population. The area has a moderately educated workforce, with 34.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,600 | 3.6% |
% Under 18 | 18.3% | -9.4% |
% Seniors | 23.4% | 8.8% |
% WFH | 10.9% | 240.6% |
% w/ College Degree | 34.0% | 4.0% |
As of the latest ACS Survey released in 2023, Tallmadge, OH is a predominantly white area, with 86.0% of the population identifying as white. The white population has shrunk by 5.6% in the last 5 years. The second most common race or ethnicity in Tallmadge, OH is asian, making up 6.8% of the population. Foreign-born residents account for 6.7% of the population in Tallmadge, OH, and this percentage has increased by 116.1% 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 | 86.0% | -5.6% |
% Black | 4.1% | -19.6% |
% Hispanic | 1.1% | 175.0% |
% Asian | 6.8% | 1,260.0% |
% Foreign Born | 6.7% | 116.1% |
Mortgage and Risk — Tallmadge, OH
According to HUD data as of 2023, there were 359 mortgage originations in Tallmadge, OH, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Tallmadge, OH. Investor activity is low, as 0.0% 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 | 359 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Tallmadge, OH
As of 2024, the percent of homes in Tallmadge, OH under the Section 8 program is 25.2%. This is considered high, suggesting that the neighborhood is heavily 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 Tallmadge, 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 | 381 |
Total Units Section 8 | 324 |
% Rentals under Section 8 | 25.2% |
% Occupied Section 8 | 97.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $50 | $850 | $900 |
| 2 Bedroom | $0 | $1,150 | $1,150 |
| 3 Bedroom | -$380 | $1,800 | $1,420 |
| 4 Bedroom | -$820 | $2,350 | $1,530 |
Affordability — Tallmadge, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $278,000 |
| Median Household Income | $91,700 |