Galena, OH—43021
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Galena, OH
As of Nov '25, the median home price in Galena, OH is $627,000, with a year-over-year change of 2.2%. This indicates that home prices in Galena, OH are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $627,000 | 2.2% |
| Single Family | $634,000 | 1.9% |
| Condos | $487,000 | 3.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $457,000 | 2.2% |
3 Bed | $550,000 | 3.0% |
4 Bed | $661,000 | 1.8% |
| 5 Bed | $801,805 | 1.7% |
% of Housing Stock
Rental Trends — Galena, OH
As of July '25, Rentcast reports the average rent in Galena, OH is $3,260, with a year-over-year rent change of -49.8%. Per bedroom, the median rent as of July '25 in Galena, OH is 4-bedrooms: $2,900. The most common rental property sizes in Galena, OH are 2-bedroom and 4-bedroom, accounting for 52.1% and 19.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $3,260 |
| 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 | $2,800 | $2,900 |
% of Rental Stock
Property Listings — Galena, OH
As of Nov '25, Realtor.com reports that the median days on market for a home in Galena, OH is 51. This is a increase of 19.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $627,000 | -11.0% |
Listing Count | 49 | 32.0% |
| Listings as % of Homes | 0.3% | 32.0% |
Days on Market | 51 | 19.0% |
Demographics — Galena, OH
As of the latest ACS Survey released in 2023, Galena, OH has a population of 14,900, which has increased by 20.5% over the past 5 years. Galena, OH is a popular place for families, as children make up 26.4% of the population. The area has a highly educated workforce, with 59.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,900 | 20.5% |
% Under 18 | 26.4% | -9.9% |
% Seniors | 12.3% | 13.9% |
% WFH | 21.7% | 77.9% |
% w/ College Degree | 59.9% | -8.0% |
As of the latest ACS Survey released in 2023, Galena, OH is a predominantly white area, with 85.0% of the population identifying as white. The white population has shrunk by 2.6% in the last 5 years. The second most common race or ethnicity in Galena, OH is asian, making up 3.8% of the population. Foreign-born residents account for 6.4% of the population in Galena, OH, and this percentage has decreased by 8.6% 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 | 85.0% | -2.6% |
% Black | 2.7% | 92.9% |
% Hispanic | 2.8% | 3.7% |
% Asian | 3.8% | -29.6% |
% Foreign Born | 6.4% | -8.6% |
Mortgage and Risk — Galena, OH
Galena, OH lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Rentals and Section 8 — Galena, OH
Galena, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,280 |
| 2 Bedroom | N/A | N/A | $1,550 |
| 3 Bedroom | N/A | N/A | $1,870 |
| 4 Bedroom | -$720 | $2,800 | $2,080 |
Affordability — Galena, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $627,000 |
| Median Household Income | $160,000 |