Middletown, OH—45044
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 $255,000, with a year-over-year change of 3.2%. This indicates that home prices in Middletown, 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 | $255,000 | 3.2% |
| Single Family | $261,000 | 3.6% |
| Condos | $128,000 | 2.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $93,000 | -2.1% |
2 Bed | $127,000 | 0.0% |
3 Bed | $229,000 | 3.2% |
4 Bed | $454,000 | 4.8% |
| 5 Bed | $592,000 | 4.8% |
% of Housing Stock
Rental Trends — Middletown, OH
As of July '25, Rentcast reports the average rent in Middletown, OH is $1,460, with a year-over-year rent change of 3.5%. Per bedroom, the median rent as of July '25 in Middletown, OH is studios: $250, 1-bedrooms: $819, 2-bedrooms: $1,090, 3-bedrooms: $1,740, 4-bedrooms: $3,190. The most common rental property sizes in Middletown, OH are 2-bedroom and 3-bedroom, accounting for 40.8% and 27.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,050 | $1,460 |
| Studio Rent | $250 | $250 |
| 1 Bed Rent | $795 | $819 |
| 2 Bed Rent | $1,050 | $1,090 |
| 3 Bed Rent | $1,300 | $1,740 |
| 4 Bed Rent | $2,600 | $3,190 |
% 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 31. This is a increase of 2.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $263,000 | 9.0% |
Listing Count | 194 | 17.0% |
| Listings as % of Homes | 0.5% | 17.0% |
Days on Market | 31 | 2.0% |
Demographics — Middletown, OH
As of the latest ACS Survey released in 2023, Middletown, OH has a population of 54,500, which has remained stable by -0.4% over the past 5 years. Middletown, OH is a popular place for families, as children make up 26.1% of the population. The area has a moderately educated workforce, with 30.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 54,500 | -0.4% |
% Under 18 | 26.1% | -7.8% |
% Seniors | 14.4% | 28.6% |
% WFH | 14.0% | 218.2% |
% w/ College Degree | 30.1% | 15.3% |
As of the latest ACS Survey released in 2023, Middletown, OH is a predominantly white area, with 72.5% of the population identifying as white. The white population has shrunk by 5.8% in the last 5 years. The second most common race or ethnicity in Middletown, OH is black, making up 12.1% of the population. Foreign-born residents account for 6.1% of the population in Middletown, OH, and this percentage has increased by 38.6% 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 | 72.5% | -5.8% |
% Black | 12.1% | 6.1% |
% Hispanic | 6.6% | 15.8% |
% Asian | 2.4% | 14.3% |
% Foreign Born | 6.1% | 38.6% |
Mortgage and Risk — Middletown, OH
According to HUD data as of 2023, there were 777 mortgage originations in Middletown, OH, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 37.0% 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. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 777 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Middletown, OH
As of 2024, the percent of homes in Middletown, OH under the Section 8 program is 18.2%. This is considered high, suggesting that the neighborhood is heavily 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 | 1,658 |
Total Units Section 8 | 1,318 |
% Rentals under Section 8 | 18.2% |
% Occupied Section 8 | 69.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $105 | $795 | $900 |
| 2 Bedroom | $120 | $1,050 | $1,170 |
| 3 Bedroom | $250 | $1,300 | $1,550 |
| 4 Bedroom | -$890 | $2,600 | $1,710 |
Affordability — Middletown, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $255,000 |
| Median Household Income | $71,900 |