Galion, OH 44833 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Galion, OH—44833

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$166,000

7.6% YoY Growth

Household Income

$57,200

37.1% YoY Growth

Days on Market

15.0% Shorter YoY

Home Price Forecast

2.6%

Median Rent

$750

6.8% YoY Growth

1-Bed Rent

$625

7.6% YoY Growth

2-Bed Rent

$960

42.7% YoY Growth

3-Bed Rent

N/A

Home Price Trends — Galion, OH

As of Dec '25, the median home price in Galion, OH is $166,000, with a year-over-year change of 7.6%. This indicates that home prices in Galion, 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	$166,000	7.6%
Single Family	$166,000	7.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Galion, OH

As of July '25, Rentcast reports the average rent in Galion, OH is $891, with a year-over-year rent change of -6.8%. Per bedroom, the median rent as of July '25 in Galion, OH is 1-bedrooms: $712, 2-bedrooms: $1,010, 4-bedrooms: $1,600. The most common rental property sizes in Galion, OH are 2-bedroom and 3-bedroom, accounting for 40.3% and 26.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$750	$891
Studio Rent	N/A	N/A
1 Bed Rent	$625	$712
2 Bed Rent	$960	$1,010
3 Bed Rent	N/A	N/A
4 Bed Rent	$1,600	$1,600

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% of Rental Stock

Studio

3.4%

1 Bedroom

20.4%

2 Bedrooms

40.3%

3 Bedrooms

26.2%

4 Bedrooms

8.4%

5+ Bedrooms

1.2%

Property Listings — Galion, OH

As of Dec '25, Realtor.com reports that the median days on market for a home in Galion, OH is 37. This is a increase of 15.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$165,000	24.0%
Listing Count	48	-1.0%
Listings as % of Homes	0.4%	-1.0%
Days on Market	50	-15.0%

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Demographics — Galion, OH

As of the latest ACS Survey released in 2023, Galion, OH has a population of 16,600, which has remained stable by 0.5% over the past 5 years. Galion, OH is a moderately popular place for families, as children make up 20.7% of the population. The area has a poorly educated workforce, with 16.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	16,600	0.5%
% Under 18	20.7%	-1.9%
% Seniors	20.9%	2.5%
% WFH	10.3%	505.9%
% w/ College Degree	16.3%	14.0%

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As of the latest ACS Survey released in 2023, Galion, OH is a predominantly white area, with 95.8% of the population identifying as white. The white population has shrunk by 0.6% in the last 5 years. The second most common race or ethnicity in Galion, OH is hispanic, making up 1.7% of the population. Foreign-born residents account for 0.8% of the population in Galion, OH, and this percentage has decreased by 20.0% 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	95.8%	-0.6%
% Black	0.3%	-62.5%
% Hispanic	1.7%	-5.6%
% Asian	0.3%	200.0%
% Foreign Born	0.8%	-20.0%

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Mortgage and Risk — Galion, OH

According to HUD data as of 2023, there were 266 mortgage originations in Galion, OH, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Galion, OH. Investor activity is low, as 3.0% 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	266
% Conventional Loans	70.0%
% Government Loans	30.0%
% Investor Loans	3.0%
% Second Loans	1.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — Galion, OH

Galion, OH lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	261
Total Units Section 8	261
% Rentals under Section 8	10.3%
% Occupied Section 8	89.2%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$335	$625	$960
2 Bedroom	$220	$960	$1,180
3 Bedroom	N/A	N/A	$1,420
4 Bedroom	-$20	$1,600	$1,580

Galion, OH—44833

Key Metrics at a Glance

Home Price Trends — Galion, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Galion, OH

% of Rental Stock

Property Listings — Galion, OH

Demographics — Galion, OH

Race and Ethnicity

Mortgage and Risk — Galion, OH

Mortgages

Rentals and Section 8 — Galion, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Galion, OH

Home Price to Income Ratio

Galion, OH — ZIP Code Boundary Map

Nearby ZIP Codes

North Robinson

North Robinson

Crestline, OH

Crestline, OH

Mount Gilead, OH

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.4
Median Home Price	$166,000
Median Household Income	$57,200

Galion, OH—44833

Key Metrics at a Glance

Home Price Trends — Galion, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Galion, OH

% of Rental Stock

Property Listings — Galion, OH

Demographics — Galion, OH

Race and Ethnicity

Mortgage and Risk — Galion, OH

Mortgages

Rentals and Section 8 — Galion, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Galion, OH

Home Price to Income Ratio

Galion, OH — ZIP Code Boundary Map

Nearby ZIP Codes

North Robinson

North Robinson

Crestline, OH

Crestline, OH

Mount Gilead, OH

Frequently Asked Questions

What is the average home price in Galion, OH 44833?

How have home prices in Galion, OH 44833 changed over the past year?

What is the home price projection for Galion, OH 44833?

What are the demographics of Galion, OH 44833?

How long does it take homes to sell in Galion, OH 44833?

What is the average rent price in Galion, OH 44833?