Elida, OH 45807 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Elida, OH—45807

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$246,000

6.8% YoY Growth

Household Income

$74,400

16.0% YoY Growth

Days on Market

4.0% Shorter YoY

Home Price Forecast

3.4%

Median Rent

$1,700

21.7% YoY Growth

1-Bed Rent

$850

N/A

2-Bed Rent

$1,800

96.7% YoY Growth

3-Bed Rent

$2,300

4.1% YoY Growth

Home Price Trends — Elida, OH

As of Dec '25, the median home price in Elida, OH is $246,000, with a year-over-year change of 6.8%. This indicates that home prices in Elida, OH are increasing. According to Zillow, the 1-year price projection is 3.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$246,000	6.8%
Single Family	$255,000	7.1%
Condos	$81,000	0.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

2.9%

1 Bedroom

13.4%

2 Bedrooms

42.4%

3 Bedrooms

34.6%

4 Bedrooms

6.7%

Property Listings — Elida, OH

As of Dec '25, Realtor.com reports that the median days on market for a home in Elida, OH is 39. This is a decrease of -9.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$276,000	9.0%
Listing Count	41	48.0%
Listings as % of Homes	0.5%	48.0%
Days on Market	57	-4.0%

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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%

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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%

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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%

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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

Elida, OH—45807

Key Metrics at a Glance

Home Price Trends — Elida, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Elida, OH

% of Rental Stock

Property Listings — Elida, OH

Demographics — Elida, OH

Race and Ethnicity

Mortgage and Risk — Elida, OH

Mortgages

Rentals and Section 8 — Elida, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Elida, OH

Home Price to Income Ratio

Elida, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Lima, OH

Cairo

Columbus Grove, OH

Lima, OH

Lima, OH

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.9
Median Home Price	$246,000
Median Household Income	$74,400

Elida, OH—45807

Key Metrics at a Glance

Home Price Trends — Elida, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Elida, OH

% of Rental Stock

Property Listings — Elida, OH

Demographics — Elida, OH

Race and Ethnicity

Mortgage and Risk — Elida, OH

Mortgages

Rentals and Section 8 — Elida, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Elida, OH

Home Price to Income Ratio

Elida, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Lima, OH

Cairo

Columbus Grove, OH

Lima, OH

Lima, OH

Frequently Asked Questions

What is the average home price in Elida, OH 45807?

How have home prices in Elida, OH 45807 changed over the past year?

What is the home price projection for Elida, OH 45807?

What are the demographics of Elida, OH 45807?

How long does it take homes to sell in Elida, OH 45807?

What is the average rent price in Elida, OH 45807?