Galion, OH—44833
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Galion, OH
As of Oct '25, the median home price in Galion, OH is $165,000, with a year-over-year change of 7.3%. This indicates that home prices in Galion, OH are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $165,000 | 7.4% |
| Single Family | $165,000 | 7.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $81,000 | 6.6% |
2 Bed | $123,000 | 10.8% |
3 Bed | $177,000 | 9.3% |
4 Bed | $231,000 | 7.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Galion, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Galion, OH is 26. This is a increase of 30.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $240,000 | 11.0% |
Listing Count | 34 | 8.0% |
| Listings as % of Homes | 0.4% | 8.0% |
Days on Market | 26 | 30.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Galion, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $165,000 |
| Median Household Income | $57,200 |