Berea, OH—44017
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Berea, OH
As of Oct '25, the median home price in Berea, OH is $233,000, with a year-over-year change of 4.3%. This indicates that home prices in Berea, OH are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $233,000 | 4.3% |
| Single Family | $236,000 | 4.4% |
| Condos | $158,000 | 3.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $88,000 | 4.8% |
2 Bed | $176,000 | 5.4% |
3 Bed | $230,000 | 4.5% |
4 Bed | $284,000 | 4.4% |
| 5 Bed | $294,000 | 2.4% |
% of Housing Stock
Rental Trends — Berea, OH
As of July '25, Rentcast reports the average rent in Berea, OH is $1,710, with a year-over-year rent change of 29.5%. Per bedroom, the median rent as of July '25 in Berea, OH is 1-bedrooms: $834, 2-bedrooms: $1,570, 3-bedrooms: $1,960, 4-bedrooms: $2,490. The most common rental property sizes in Berea, OH are 1-bedroom and 2-bedroom, accounting for 38.8% and 24.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,710 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $864 | $834 |
| 2 Bed Rent | $1,500 | $1,570 |
| 3 Bed Rent | $2,050 | $1,960 |
| 4 Bed Rent | $2,200 | $2,490 |
% of Rental Stock
Property Listings — Berea, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Berea, OH is 37. This is a increase of 28.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $254,000 | 1.0% |
Listing Count | 38 | 40.0% |
| Listings as % of Homes | 0.4% | 40.0% |
Days on Market | 37 | 28.0% |
Demographics — Berea, OH
As of the latest ACS Survey released in 2023, Berea, OH has a population of 18,400, which has decreased by -2.8% over the past 5 years. Berea, OH is a moderately popular place for families, as children make up 19.1% of the population. The area has a moderately educated workforce, with 37.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,400 | -2.8% |
% Under 18 | 19.1% | 6.7% |
% Seniors | 17.1% | 6.9% |
% WFH | 15.4% | 316.2% |
% w/ College Degree | 37.8% | 12.5% |
As of the latest ACS Survey released in 2023, Berea, OH is a predominantly white area, with 79.1% of the population identifying as white. The white population has shrunk by 7.7% in the last 5 years. The second most common race or ethnicity in Berea, OH is black, making up 8.8% of the population. Foreign-born residents account for 2.1% of the population in Berea, OH, and this percentage has decreased by 34.4% 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 | 79.1% | -7.7% |
% Black | 8.8% | 31.3% |
% Hispanic | 3.6% | 9.1% |
% Asian | 1.8% | -28.0% |
% Foreign Born | 2.1% | -34.4% |
Mortgage and Risk — Berea, OH
According to HUD data as of 2023, there were 412 mortgage originations in Berea, OH, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Berea, OH. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 412 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Berea, OH
As of 2024, the percent of homes in Berea, OH under the Section 8 program is 10.0%. 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 units appear to be good home sizes to consider for Section 8 housing in Berea, OH, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 189 |
Total Units Section 8 | 189 |
% Rentals under Section 8 | 10.0% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $146 | $864 | $1,010 |
| 2 Bedroom | -$280 | $1,500 | $1,220 |
| 3 Bedroom | -$480 | $2,050 | $1,570 |
| 4 Bedroom | -$520 | $2,200 | $1,680 |
Affordability — Berea, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $233,000 |
| Median Household Income | $72,000 |