Middletown, OH—45042
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Middletown, OH
As of Oct '25, the median home price in Middletown, OH is $235,000, with a year-over-year change of 3.1%. This indicates that home prices in Middletown, OH are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $235,000 | 3.1% |
| Single Family | $237,000 | 3.0% |
| Condos | $134,000 | 1.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $147,000 | 1.4% |
3 Bed | $248,000 | 3.8% |
4 Bed | $330,000 | 3.8% |
| 5 Bed | $405,000 | 1.8% |
% of Housing Stock
Rental Trends — Middletown, OH
As of July '25, Rentcast reports the average rent in Middletown, OH is $1,220, with a year-over-year rent change of -9.0%. Per bedroom, the median rent as of July '25 in Middletown, OH is studios: $754, 1-bedrooms: $836, 2-bedrooms: $956, 3-bedrooms: $1,360, 4-bedrooms: $2,120. The most common rental property sizes in Middletown, OH are 2-bedroom and 3-bedroom, accounting for 46.2% and 26.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $980 | $1,220 |
| Studio Rent | $625 | $754 |
| 1 Bed Rent | $800 | $836 |
| 2 Bed Rent | $895 | $956 |
| 3 Bed Rent | $1,320 | $1,360 |
| 4 Bed Rent | $2,120 | $2,120 |
% of Rental Stock
Property Listings — Middletown, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Middletown, OH is 39. This is a increase of 22.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $257,000 | -7.0% |
Listing Count | 100 | 9.0% |
| Listings as % of Homes | 0.4% | 9.0% |
Days on Market | 39 | 22.0% |
Demographics — Middletown, OH
As of the latest ACS Survey released in 2023, Middletown, OH has a population of 28,200, which has increased by 5.9% over the past 5 years. Middletown, OH is a moderately popular place for families, as children make up 22.9% of the population. The area has a poorly educated workforce, with 19.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,200 | 5.9% |
% Under 18 | 22.9% | 6.5% |
% Seniors | 18.7% | 2.7% |
% WFH | 8.0% | 321.1% |
% w/ College Degree | 19.8% | -3.4% |
As of the latest ACS Survey released in 2023, Middletown, OH is a predominantly white area, with 88.4% of the population identifying as white. The white population has shrunk by 3.7% in the last 5 years. The second most common race or ethnicity in Middletown, OH is black, making up 4.2% of the population. Foreign-born residents account for 2.3% of the population in Middletown, OH, and this percentage has increased by 21.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 88.4% | -3.7% |
% Black | 4.2% | 61.5% |
% Hispanic | 2.7% | 125.0% |
% Asian | 0.7% | -50.0% |
% Foreign Born | 2.3% | 21.1% |
Mortgage and Risk — Middletown, OH
According to HUD data as of 2023, there were 582 mortgage originations in Middletown, OH, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Middletown, OH. Investor activity is low, as 3.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 582 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Middletown, OH
As of 2024, the percent of homes in Middletown, OH under the Section 8 program is 12.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Middletown, OH, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 387 |
Total Units Section 8 | 377 |
% Rentals under Section 8 | 12.6% |
% Occupied Section 8 | 70.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $160 | $800 | $960 |
| 2 Bedroom | $355 | $895 | $1,250 |
| 3 Bedroom | $330 | $1,320 | $1,650 |
| 4 Bedroom | -$290 | $2,120 | $1,830 |
Affordability — Middletown, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $235,000 |
| Median Household Income | $66,700 |