Minerva, OH—44657
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Minerva, OH
As of Oct '25, the median home price in Minerva, OH is $182,000, with a year-over-year change of 4.1%. This indicates that home prices in Minerva, OH are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $182,000 | 4.1% |
| Single Family | $181,000 | 4.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $149,000 | 5.7% |
3 Bed | $197,000 | 4.8% |
4 Bed | $245,000 | 4.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Minerva, OH
As of July '25, Rentcast reports the average rent in Minerva, OH is $570, with a year-over-year rent change of -70.8%. Per bedroom, the median rent as of July '25 in Minerva, OH is 1-bedrooms: $570. The most common rental property sizes in Minerva, OH are 2-bedroom and 3-bedroom, accounting for 37.8% and 33.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $570 | $570 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $570 | $570 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Minerva, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Minerva, OH is 51. This is a increase of 58.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $250,000 | 77.0% |
Listing Count | 19 | 15.0% |
| Listings as % of Homes | 0.2% | 15.0% |
Days on Market | 51 | 58.0% |
Demographics — Minerva, OH
As of the latest ACS Survey released in 2023, Minerva, OH has a population of 9,580, which has remained stable by -0.0% over the past 5 years. Minerva, OH is a moderately popular place for families, as children make up 18.1% of the population. The area has a poorly educated workforce, with 9.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,580 | 0.0% |
% Under 18 | 18.1% | -15.0% |
% Seniors | 18.7% | -3.1% |
% WFH | 4.0% | 81.8% |
% w/ College Degree | 9.9% | -27.2% |
As of the latest ACS Survey released in 2023, Minerva, OH is a predominantly white area, with 93.7% of the population identifying as white. The white population has shrunk by 4.3% in the last 5 years. The second most common race or ethnicity in Minerva, OH is hispanic, making up 1.0% of the population. Foreign-born residents account for 0.7% of the population in Minerva, 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 | 93.7% | -4.3% |
% Black | 0.4% | -50.0% |
% Hispanic | 1.0% | 150.0% |
% Asian | 0.4% | ∞% |
% Foreign Born | 0.7% | 0.0% |
Mortgage and Risk — Minerva, OH
According to HUD data as of 2023, there were 189 mortgage originations in Minerva, OH, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Minerva, OH. Investor activity is low, as 1.0% 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 | 189 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Minerva, OH
Minerva, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $140 | $570 | $710 |
| 2 Bedroom | N/A | N/A | $910 |
| 3 Bedroom | N/A | N/A | $1,150 |
| 4 Bedroom | N/A | N/A | $1,210 |
Affordability — Minerva, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $182,000 |
| Median Household Income | $60,500 |