Westerville, OH—43081
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Westerville, OH
Home Price Trends — Westerville, OH
As of Oct '25, the median home price in Westerville, OH is $350,000, with a year-over-year change of 2.1%. This indicates that home prices in Westerville, OH are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $350,000 | 2.1% |
| Single Family | $395,000 | 2.9% |
| Condos | $228,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $163,000 | -4.1% |
2 Bed | $230,000 | 0.9% |
3 Bed | $353,000 | 1.7% |
4 Bed | $439,000 | 3.1% |
| 5 Bed | $522,000 | 2.4% |
% of Housing Stock
Rental Trends — Westerville, OH
As of July '25, Rentcast reports the average rent in Westerville, OH is $2,040, with a year-over-year rent change of -8.9%. Per bedroom, the median rent as of July '25 in Westerville, OH is studios: $1,070, 1-bedrooms: $1,420, 2-bedrooms: $1,950, 3-bedrooms: $2,470, 4-bedrooms: $3,040. The most common rental property sizes in Westerville, OH are 2-bedroom and 1-bedroom, accounting for 62.0% and 19.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $2,040 |
| Studio Rent | $1,100 | $1,070 |
| 1 Bed Rent | $1,280 | $1,420 |
| 2 Bed Rent | $1,550 | $1,950 |
| 3 Bed Rent | $2,450 | $2,470 |
| 4 Bed Rent | $2,950 | $3,040 |
% of Rental Stock
Property Listings — Westerville, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Westerville, OH is 38. 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 47.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $394,000 | 16.0% |
Listing Count | 195 | 17.0% |
| Listings as % of Homes | 0.2% | 17.0% |
Days on Market | 38 | 19.0% |
Demographics — Westerville, OH
As of the latest ACS Survey released in 2023, Westerville, OH has a population of 64,300, which has increased by 4.5% over the past 5 years. Westerville, OH is a moderately popular place for families, as children make up 22.5% of the population. The area has a highly educated workforce, with 54.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 64,300 | 4.5% |
% Under 18 | 22.5% | 4.2% |
% Seniors | 15.3% | 6.2% |
% WFH | 24.3% | 247.1% |
% w/ College Degree | 54.3% | 10.4% |
As of the latest ACS Survey released in 2023, Westerville, OH is a predominantly white area, with 72.0% of the population identifying as white. The white population has shrunk by 6.9% in the last 5 years. The second most common race or ethnicity in Westerville, OH is black, making up 13.9% of the population. Foreign-born residents account for 9.8% of the population in Westerville, OH, and this percentage has increased by 2.1% 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 | 72.0% | -6.9% |
% Black | 13.9% | 40.4% |
% Hispanic | 4.0% | 2.6% |
% Asian | 4.6% | -9.8% |
% Foreign Born | 9.8% | 2.1% |
Mortgage and Risk — Westerville, OH
According to HUD data as of 2023, there were 875 mortgage originations in Westerville, OH, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Westerville, OH. Investor activity is low, as 2.0% 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 | 875 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Westerville, OH
As of 2024, the percent of homes in Westerville, OH under the Section 8 program is 3.9%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Westerville, OH, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 505 |
Total Units Section 8 | 416 |
% Rentals under Section 8 | 3.9% |
% Occupied Section 8 | 84.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $110 | $1,280 | $1,390 |
| 2 Bedroom | $130 | $1,550 | $1,680 |
| 3 Bedroom | -$430 | $2,450 | $2,020 |
| 4 Bedroom | -$700 | $2,950 | $2,250 |
Affordability — Westerville, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $350,000 |
| Median Household Income | $90,300 |