Niles, OH—44446
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Niles, OH
As of Oct '25, the median home price in Niles, OH is $129,000, with a year-over-year change of 7.4%. This indicates that home prices in Niles, OH are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $129,000 | 7.4% |
| Single Family | $126,000 | 7.7% |
| Condos | $231,000 | 10.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $98,000 | 6.5% |
3 Bed | $137,000 | 7.9% |
4 Bed | $160,000 | 8.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Niles, OH
As of July '25, Rentcast reports the average rent in Niles, OH is $926, with a year-over-year rent change of 15.2%. Per bedroom, the median rent as of July '25 in Niles, OH is studios: $595, 1-bedrooms: $676, 2-bedrooms: $873, 3-bedrooms: $1,130, 4-bedrooms: $1,500. The most common rental property sizes in Niles, OH are 2-bedroom and 3-bedroom, accounting for 41.0% and 25.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $785 | $926 |
| Studio Rent | $575 | $595 |
| 1 Bed Rent | $725 | $676 |
| 2 Bed Rent | $750 | $873 |
| 3 Bed Rent | $900 | $1,130 |
| 4 Bed Rent | $1,400 | $1,500 |
% of Rental Stock
Property Listings — Niles, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Niles, OH is 51. This is a increase of 12.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $175,000 | 4.0% |
Listing Count | 60 | 25.0% |
| Listings as % of Homes | 0.3% | 25.0% |
Days on Market | 51 | 12.0% |
Demographics — Niles, OH
As of the latest ACS Survey released in 2023, Niles, OH has a population of 20,000, which has remained stable by -0.7% over the past 5 years. Niles, OH is a moderately popular place for families, as children make up 16.4% of the population. The area has a poorly educated workforce, with 20.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,000 | -0.7% |
% Under 18 | 16.4% | -16.3% |
% Seniors | 22.8% | 16.9% |
% WFH | 3.8% | 171.4% |
% w/ College Degree | 20.8% | 25.3% |
As of the latest ACS Survey released in 2023, Niles, OH is a predominantly white area, with 87.8% of the population identifying as white. The white population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Niles, OH is black, making up 4.2% of the population. Foreign-born residents account for 1.3% of the population in Niles, OH, and this percentage has decreased by 7.1% 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 | 87.8% | -2.8% |
% Black | 4.2% | -19.2% |
% Hispanic | 2.5% | 25.0% |
% Asian | 0.8% | 60.0% |
% Foreign Born | 1.3% | -7.1% |
Mortgage and Risk — Niles, OH
According to HUD data as of 2023, there were 263 mortgage originations in Niles, OH, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Niles, OH. Investor activity is low, as 4.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 263 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Niles, OH
As of 2024, the percent of homes in Niles, OH under the Section 8 program is 8.9%. 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. 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Niles, OH, because HUD payments exceed market rent, while 1-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 456 |
Total Units Section 8 | 350 |
% Rentals under Section 8 | 8.9% |
% Occupied Section 8 | 91.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$25 | $725 | $700 |
| 2 Bedroom | $130 | $750 | $880 |
| 3 Bedroom | $270 | $900 | $1,170 |
| 4 Bedroom | -$160 | $1,400 | $1,240 |
Affordability — Niles, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $129,000 |
| Median Household Income | $49,800 |