Wakeman, OH—44889
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wakeman, OH
As of Oct '25, the median home price in Wakeman, OH is $268,000, with a year-over-year change of 3.2%. This indicates that home prices in Wakeman, OH are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $268,000 | 3.2% |
| Single Family | $272,000 | 4.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $209,000 | 4.0% |
3 Bed | $287,000 | 4.0% |
4 Bed | $328,000 | 5.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Wakeman, OH
As of July '25, Rentcast reports the average rent in Wakeman, OH is $1,550, with a year-over-year rent change of 92.1%. Per bedroom, the median rent as of July '25 in Wakeman, OH is 3-bedrooms: $1,550. The most common rental property sizes in Wakeman, OH are 3-bedroom and 2-bedroom, accounting for 44.7% and 28.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,550 | $1,550 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,550 | $1,550 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Wakeman, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Wakeman, OH is 27. This is a decrease of -20.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $376,000 | 19.0% |
Listing Count | 13 | 12.0% |
| Listings as % of Homes | 0.2% | 12.0% |
Days on Market | 27 | -20.0% |
Demographics — Wakeman, OH
As of the latest ACS Survey released in 2023, Wakeman, OH has a population of 7,250, which has increased by 2.5% over the past 5 years. Wakeman, OH is a popular place for families, as children make up 25.5% of the population. The area has a poorly educated workforce, with 11.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,250 | 2.5% |
% Under 18 | 25.5% | 10.4% |
% Seniors | 18.5% | 3.9% |
% WFH | 5.0% | 92.3% |
% w/ College Degree | 11.4% | -38.7% |
As of the latest ACS Survey released in 2023, Wakeman, OH is a predominantly white area, with 90.3% of the population identifying as white. The white population has shrunk by 6.4% in the last 5 years. The second most common race or ethnicity in Wakeman, OH is hispanic, making up 6.7% of the population. Foreign-born residents account for 0.3% of the population in Wakeman, OH, and this percentage has decreased by 66.7% 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 | 90.3% | -6.4% |
% Black | 0.0% | N/A |
% Hispanic | 6.7% | 131.0% |
% Asian | 0.2% | 100.0% |
% Foreign Born | 0.3% | -66.7% |
Mortgage and Risk — Wakeman, OH
According to HUD data as of 2023, there were 82 mortgage originations in Wakeman, OH, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Wakeman, OH. Investor activity is low, as 0.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 82 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Wakeman, OH
Wakeman, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $830 |
| 2 Bedroom | N/A | N/A | $1,000 |
| 3 Bedroom | -$250 | $1,550 | $1,300 |
| 4 Bedroom | N/A | N/A | $1,520 |
Affordability — Wakeman, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $268,000 |
| Median Household Income | $86,900 |