Morrow, OH—45152
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Morrow, OH
As of Oct '25, the median home price in Morrow, OH is $387,000, with a year-over-year change of 2.0%. This indicates that home prices in Morrow, 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 | $387,000 | 2.0% |
| Single Family | $387,000 | 1.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $256,000 | 1.2% |
3 Bed | $363,000 | 2.3% |
4 Bed | $422,000 | 1.9% |
| 5 Bed | $514,000 | 1.8% |
% of Housing Stock
Rental Trends — Morrow, OH
As of July '25, Rentcast reports the average rent in Morrow, OH is $2,700, with a year-over-year rent change of 18.4%. Per bedroom, the median rent as of July '25 in Morrow, OH is 2-bedrooms: $1,220, 3-bedrooms: $2,100, 4-bedrooms: $2,910. The most common rental property sizes in Morrow, OH are 3-bedroom and 2-bedroom, accounting for 37.5% and 31.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,520 | $2,700 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,220 | $1,220 |
| 3 Bed Rent | $2,200 | $2,100 |
| 4 Bed Rent | $2,770 | $2,910 |
% of Rental Stock
Property Listings — Morrow, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Morrow, OH is 27. This is a decrease of -11.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $485,000 | -2.0% |
Listing Count | 68 | -3.0% |
| Listings as % of Homes | 0.6% | -3.0% |
Days on Market | 27 | -11.0% |
Demographics — Morrow, OH
As of the latest ACS Survey released in 2023, Morrow, OH has a population of 13,600, which has increased by 16.5% over the past 5 years. Morrow, OH is a moderately popular place for families, as children make up 23.4% of the population. The area has a moderately educated workforce, with 33.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,600 | 16.5% |
% Under 18 | 23.4% | -13.7% |
% Seniors | 14.8% | 26.5% |
% WFH | 21.0% | 105.9% |
% w/ College Degree | 33.6% | -8.4% |
As of the latest ACS Survey released in 2023, Morrow, OH is a predominantly white area, with 90.5% of the population identifying as white. The white population has shrunk by 5.2% in the last 5 years. The second most common race or ethnicity in Morrow, OH is hispanic, making up 3.5% of the population. Foreign-born residents account for 2.6% of the population in Morrow, OH, and this percentage has increased by 23.8% 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 | 90.5% | -5.2% |
% Black | 2.1% | 110.0% |
% Hispanic | 3.5% | 483.3% |
% Asian | 1.8% | 38.5% |
% Foreign Born | 2.6% | 23.8% |
Mortgage and Risk — Morrow, OH
According to HUD data as of 2023, there were 351 mortgage originations in Morrow, OH, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Morrow, OH. Investor activity is low, as 1.0% 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 | 351 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Morrow, OH
Morrow, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 53 |
Total Units Section 8 | 15 |
% Rentals under Section 8 | 3.2% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,080 |
| 2 Bedroom | $180 | $1,220 | $1,400 |
| 3 Bedroom | -$340 | $2,200 | $1,860 |
| 4 Bedroom | -$720 | $2,770 | $2,050 |
Affordability — Morrow, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $387,000 |
| Median Household Income | $120,000 |