Middletown, OH—45050
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 $341,000, with a year-over-year change of 5.1%. This indicates that home prices in Middletown, OH are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $341,000 | 5.1% |
| Single Family | $346,000 | 5.5% |
| Condos | $241,000 | 1.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $227,000 | 0.9% |
3 Bed | $317,000 | 4.6% |
4 Bed | $402,000 | 5.8% |
| 5 Bed | $465,000 | 4.5% |
% of Housing Stock
Rental Trends — Middletown, OH
As of July '25, Rentcast reports the average rent in Middletown, OH is $2,920, with a year-over-year rent change of 24.3%. Per bedroom, the median rent as of July '25 in Middletown, OH is 1-bedrooms: $1,010, 2-bedrooms: $3,500, 3-bedrooms: $3,330, 4-bedrooms: $2,530. The most common rental property sizes in Middletown, OH are 2-bedroom and 3-bedroom, accounting for 54.2% and 24.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,460 | $2,920 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,010 | $1,010 |
| 2 Bed Rent | $3,500 | $3,500 |
| 3 Bed Rent | $2,380 | $3,330 |
| 4 Bed Rent | $2,540 | $2,530 |
% 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 30. This is a decrease of -22.0% 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 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $439,000 | 5.0% |
Listing Count | 38 | 20.0% |
| Listings as % of Homes | 0.6% | 20.0% |
Days on Market | 30 | -22.0% |
Demographics — Middletown, OH
As of the latest ACS Survey released in 2023, Middletown, OH has a population of 12,200, which has increased by 38.6% over the past 5 years. Middletown, OH is a popular place for families, as children make up 28.2% of the population. The area has a moderately educated workforce, with 41.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,200 | 38.6% |
% Under 18 | 28.2% | 4.8% |
% Seniors | 14.2% | -15.0% |
% WFH | 13.7% | 251.3% |
% w/ College Degree | 41.8% | 14.8% |
As of the latest ACS Survey released in 2023, Middletown, OH is a predominantly white area, with 81.9% of the population identifying as white. The white population has shrunk by 12.7% in the last 5 years. The second most common race or ethnicity in Middletown, OH is black, making up 4.7% of the population. Foreign-born residents account for 3.7% of the population in Middletown, OH, and this percentage has increased by 131.2% 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 | 81.9% | -12.7% |
% Black | 4.7% | 11.9% |
% Hispanic | 4.3% | 437.5% |
% Asian | 2.4% | 1,100.0% |
% Foreign Born | 3.7% | 131.2% |
Mortgage and Risk — Middletown, OH
According to HUD data as of 2023, there were 191 mortgage originations in Middletown, OH, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Middletown, OH. Investor activity is low, as 1.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 191 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Middletown, OH
As of 2024, the percent of homes in Middletown, OH under the Section 8 program is 1.3%. 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 units appear to be good home sizes to consider for Section 8 housing in Middletown, OH, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 28 |
Total Units Section 8 | 28 |
% Rentals under Section 8 | 1.3% |
% Occupied Section 8 | 63.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $320 | $1,010 | $1,330 |
| 2 Bedroom | -$1,770 | $3,500 | $1,730 |
| 3 Bedroom | -$90 | $2,380 | $2,290 |
| 4 Bedroom | -$10 | $2,540 | $2,530 |
Affordability — Middletown, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $341,000 |
| Median Household Income | $105,000 |