Alliance, OH—44601
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Alliance, OH
As of Oct '25, the median home price in Alliance, OH is $155,000, with a year-over-year change of 4.4%. This indicates that home prices in Alliance, OH are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $155,000 | 4.4% |
| Single Family | $154,000 | 4.1% |
| Condos | $237,000 | 7.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $73,000 | -2.7% |
2 Bed | $124,000 | 3.3% |
3 Bed | $167,000 | 4.4% |
4 Bed | $217,000 | 5.9% |
| 5 Bed | $271,000 | 8.8% |
% of Housing Stock
Rental Trends — Alliance, OH
As of July '25, Rentcast reports the average rent in Alliance, OH is $759, with a year-over-year rent change of -2.7%. Per bedroom, the median rent as of July '25 in Alliance, OH is 1-bedrooms: $624, 2-bedrooms: $781, 3-bedrooms: $860, 4-bedrooms: $695. The most common rental property sizes in Alliance, OH are 3-bedroom and 2-bedroom, accounting for 37.4% and 34.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $749 | $759 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $625 | $624 |
| 2 Bed Rent | $750 | $781 |
| 3 Bed Rent | $775 | $860 |
| 4 Bed Rent | $695 | $695 |
% of Rental Stock
Property Listings — Alliance, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Alliance, OH is 41. This is a increase of 25.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $195,000 | 11.0% |
Listing Count | 91 | 6.0% |
| Listings as % of Homes | 0.4% | 6.0% |
Days on Market | 41 | 25.0% |
Demographics — Alliance, OH
As of the latest ACS Survey released in 2023, Alliance, OH has a population of 32,800, which has decreased by -5.5% over the past 5 years. Alliance, OH is a moderately popular place for families, as children make up 18.9% of the population. The area has a poorly educated workforce, with 16.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,800 | -5.5% |
% Under 18 | 18.9% | -12.1% |
% Seniors | 20.0% | 8.7% |
% WFH | 7.2% | 132.3% |
% w/ College Degree | 16.7% | -5.1% |
As of the latest ACS Survey released in 2023, Alliance, OH is a predominantly white area, with 86.7% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Alliance, OH is black, making up 6.5% of the population. Foreign-born residents account for 1.2% of the population in Alliance, OH, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 86.7% | -2.9% |
% Black | 6.5% | 22.6% |
% Hispanic | 1.2% | -20.0% |
% Asian | 0.4% | -20.0% |
% Foreign Born | 1.2% | 0.0% |
Mortgage and Risk — Alliance, OH
According to HUD data as of 2023, there were 483 mortgage originations in Alliance, OH, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Alliance, OH. Investor activity is low, as 4.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 483 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Alliance, OH
As of 2024, the percent of homes in Alliance, OH under the Section 8 program is 6.5%. 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. In Alliance, OH, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 627 |
Total Units Section 8 | 333 |
% Rentals under Section 8 | 6.5% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $115 | $625 | $740 |
| 2 Bedroom | $190 | $750 | $940 |
| 3 Bedroom | $405 | $775 | $1,180 |
| 4 Bedroom | $565 | $695 | $1,260 |
Affordability — Alliance, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $155,000 |
| Median Household Income | $61,900 |