Elida, OH—45807
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elida, OH
As of Oct '25, the median home price in Elida, OH is $246,000, with a year-over-year change of 6.4%. This indicates that home prices in Elida, OH are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $246,000 | 6.4% |
| Single Family | $254,000 | 6.7% |
| Condos | $81,000 | 1.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $73,000 | 2.8% |
2 Bed | $142,000 | 6.0% |
3 Bed | $252,000 | 6.3% |
4 Bed | $305,000 | 6.3% |
| 5 Bed | $375,000 | 4.7% |
% of Housing Stock
Rental Trends — Elida, OH
As of July '25, Rentcast reports the average rent in Elida, OH is $1,740, with a year-over-year rent change of 21.7%. Per bedroom, the median rent as of July '25 in Elida, OH is 1-bedrooms: $850, 2-bedrooms: $1,800, 3-bedrooms: $2,030, 4-bedrooms: $1,700. The most common rental property sizes in Elida, OH are 2-bedroom and 3-bedroom, accounting for 42.4% and 34.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,740 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $850 | $850 |
| 2 Bed Rent | $1,800 | $1,800 |
| 3 Bed Rent | $2,300 | $2,030 |
| 4 Bed Rent | $1,700 | $1,700 |
% of Rental Stock
Property Listings — Elida, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Elida, OH is 34. This is a decrease of -8.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $302,000 | 10.0% |
Listing Count | 42 | 35.0% |
| Listings as % of Homes | 0.5% | 35.0% |
Days on Market | 34 | -8.0% |
Demographics — Elida, OH
As of the latest ACS Survey released in 2023, Elida, OH has a population of 11,600, which has decreased by -6.3% over the past 5 years. Elida, OH is a moderately popular place for families, as children make up 23.4% of the population. The area has a poorly educated workforce, with 22.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,600 | -6.3% |
% Under 18 | 23.4% | 12.0% |
% Seniors | 21.1% | 3.4% |
% WFH | 5.0% | 163.2% |
% w/ College Degree | 22.2% | 23.3% |
As of the latest ACS Survey released in 2023, Elida, OH is a predominantly white area, with 89.7% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Elida, OH is black, making up 4.5% of the population. Foreign-born residents account for 1.9% of the population in Elida, OH, and this percentage has increased by 58.3% 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 | 89.7% | -2.2% |
% Black | 4.5% | 9.8% |
% Hispanic | 1.6% | 45.5% |
% Asian | 0.5% | -54.5% |
% Foreign Born | 1.9% | 58.3% |
Mortgage and Risk — Elida, OH
According to HUD data as of 2023, there were 236 mortgage originations in Elida, OH, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Elida, OH. Investor activity is low, as 1.0% 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 | 236 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Elida, OH
As of 2024, the percent of homes in Elida, OH under the Section 8 program is 0.7%. 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. In Elida, OH, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 10 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 0.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $0 | $850 | $850 |
| 2 Bedroom | -$680 | $1,800 | $1,120 |
| 3 Bedroom | -$940 | $2,300 | $1,360 |
| 4 Bedroom | -$160 | $1,700 | $1,540 |
Affordability — Elida, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $246,000 |
| Median Household Income | $74,400 |