Wakeman, OH 44889 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Wakeman, OH—44889

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$267,000

3.5% YoY Growth

Household Income

$86,900

43.3% YoY Growth

Days on Market

28.0% Shorter YoY

Home Price Forecast

1.7%

Median Rent

$1,550

92.1% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$1,550

N/A

Home Price Trends — Wakeman, OH

As of Dec '25, the median home price in Wakeman, OH is $267,000, with a year-over-year change of 3.5%. This indicates that home prices in Wakeman, OH are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$267,000	3.5%
Single Family	$271,000	4.2%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

1 Bedroom

5.6%

2 Bedrooms

28.1%

3 Bedrooms

44.7%

4 Bedrooms

14.2%

5+ Bedrooms

7.4%

Property Listings — Wakeman, OH

As of Dec '25, Realtor.com reports that the median days on market for a home in Wakeman, OH is 44. This is a decrease of -42.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$364,000	11.0%
Listing Count	12	-7.0%
Listings as % of Homes	0.2%	-7.0%
Days on Market	74	-28.0%

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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%

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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%

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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%

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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

Wakeman, OH—44889

Key Metrics at a Glance

Home Price Trends — Wakeman, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Wakeman, OH

% of Rental Stock

Property Listings — Wakeman, OH

Demographics — Wakeman, OH

Race and Ethnicity

Mortgage and Risk — Wakeman, OH

Mortgages

Rentals and Section 8 — Wakeman, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Wakeman, OH

Home Price to Income Ratio

Wakeman, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Kipton

Collins, OH

Berlin Heights, OH

New London, OH

Vermilion, OH

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.7
Median Home Price	$267,000
Median Household Income	$86,900

Wakeman, OH—44889

Key Metrics at a Glance

Home Price Trends — Wakeman, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Wakeman, OH

% of Rental Stock

Property Listings — Wakeman, OH

Demographics — Wakeman, OH

Race and Ethnicity

Mortgage and Risk — Wakeman, OH

Mortgages

Rentals and Section 8 — Wakeman, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Wakeman, OH

Home Price to Income Ratio

Wakeman, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Kipton

Collins, OH

Berlin Heights, OH

New London, OH

Vermilion, OH

Frequently Asked Questions

What is the average home price in Wakeman, OH 44889?

How have home prices in Wakeman, OH 44889 changed over the past year?

What is the home price projection for Wakeman, OH 44889?

What are the demographics of Wakeman, OH 44889?

How long does it take homes to sell in Wakeman, OH 44889?

What is the average rent price in Wakeman, OH 44889?