Medway, OH—45341
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Medway, OH
As of Oct '25, the median home price in Medway, OH is $179,000, with a year-over-year change of 3.8%. This indicates that home prices in Medway, OH are increasing. According to Zillow, the 1-year price projection is 3.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $179,000 | 3.8% |
| Single Family | $179,000 | 4.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $131,000 | 3.1% |
3 Bed | $194,000 | 4.3% |
4 Bed | $242,000 | 6.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Medway, OH
Medway, OH lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Medway, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Medway, OH is 43. This is a decrease of -12.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $235,000 | -6.0% |
Listing Count | 11 | 10.0% |
| Listings as % of Homes | 0.3% | 10.0% |
Days on Market | 43 | -12.0% |
Demographics — Medway, OH
As of the latest ACS Survey released in 2023, Medway, OH has a population of 3,700, which has decreased by -4.0% over the past 5 years. Medway, OH is a moderately popular place for families, as children make up 20.7% of the population. The area has a poorly educated workforce, with 15.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,700 | -4.0% |
% Under 18 | 20.7% | -10.8% |
% Seniors | 25.5% | 14.9% |
% WFH | 6.4% | 204.8% |
% w/ College Degree | 15.6% | 47.2% |
As of the latest ACS Survey released in 2023, Medway, OH is a predominantly white area, with 89.3% of the population identifying as white. The white population has grown by 2.6% in the last 5 years. The second most common race or ethnicity in Medway, OH is hispanic, making up 7.3% of the population. Foreign-born residents account for 0.2% of the population in Medway, OH, and this percentage has decreased by 83.3% 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 | 89.3% | 2.6% |
% Black | 0.3% | ∞% |
% Hispanic | 7.3% | -16.1% |
% Asian | 0.3% | ∞% |
% Foreign Born | 0.2% | -83.3% |
Mortgage and Risk — Medway, OH
According to HUD data as of 2023, there were 74 mortgage originations in Medway, OH, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Medway, OH. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 74 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Medway, OH
Medway, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 8 |
Total Units Section 8 | 8 |
% Rentals under Section 8 | 3.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $810 |
| 2 Bedroom | N/A | N/A | $1,060 |
| 3 Bedroom | N/A | N/A | $1,290 |
| 4 Bedroom | N/A | N/A | $1,480 |
Affordability — Medway, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $179,000 |
| Median Household Income | $57,800 |