North Ridgeville, OH—44039
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Ridgeville, OH
As of Nov '25, the median home price in North Ridgeville, OH is $315,000, with a year-over-year change of 4.9%. This indicates that home prices in North Ridgeville, OH are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $315,000 | 4.9% |
| Single Family | $325,000 | 4.8% |
| Condos | $207,000 | 4.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $264,000 | 5.2% |
3 Bed | $293,000 | 5.0% |
4 Bed | $393,000 | 4.5% |
| 5 Bed | $446,436 | 5.0% |
% of Housing Stock
Rental Trends — North Ridgeville, OH
As of July '25, Rentcast reports the average rent in North Ridgeville, OH is $1,880, with a year-over-year rent change of -13.8%. Per bedroom, the median rent as of July '25 in North Ridgeville, OH is 2-bedrooms: $1,840, 3-bedrooms: $1,920, 4-bedrooms: $1,920. The most common rental property sizes in North Ridgeville, OH are 2-bedroom and 3-bedroom, accounting for 46.3% and 26.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,880 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,880 | $1,840 |
| 3 Bed Rent | $1,900 | $1,920 |
| 4 Bed Rent | $1,920 | $1,920 |
% of Rental Stock
Property Listings — North Ridgeville, OH
As of Nov '25, Realtor.com reports that the median days on market for a home in North Ridgeville, OH is 36. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $375,000 | -8.0% |
Listing Count | 108 | 26.0% |
| Listings as % of Homes | 0.6% | 26.0% |
Days on Market | 36 | 0.0% |
Demographics — North Ridgeville, OH
As of the latest ACS Survey released in 2023, North Ridgeville, OH has a population of 36,200, which has increased by 9.7% over the past 5 years. North Ridgeville, OH is a moderately popular place for families, as children make up 23.4% of the population. The area has a moderately educated workforce, with 34.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,200 | 9.7% |
% Under 18 | 23.4% | -4.1% |
% Seniors | 19.4% | 4.9% |
% WFH | 13.3% | 280.0% |
% w/ College Degree | 34.9% | 12.6% |
As of the latest ACS Survey released in 2023, North Ridgeville, OH is a predominantly white area, with 87.4% of the population identifying as white. The white population has shrunk by 2.5% in the last 5 years. The second most common race or ethnicity in North Ridgeville, OH is hispanic, making up 6.8% of the population. Foreign-born residents account for 4.5% of the population in North Ridgeville, OH, and this percentage has increased by 7.1% 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 | 87.4% | -2.5% |
% Black | 2.4% | 14.3% |
% Hispanic | 6.8% | 36.0% |
% Asian | 1.1% | -8.3% |
% Foreign Born | 4.5% | 7.1% |
Mortgage and Risk — North Ridgeville, OH
According to HUD data as of 2023, there were 1039 mortgage originations in North Ridgeville, OH, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in North Ridgeville, OH. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,039 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Rentals and Section 8 — North Ridgeville, OH
North Ridgeville, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 14 |
Total Units Section 8 | 14 |
% Rentals under Section 8 | 0.9% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,090 |
| 2 Bedroom | -$560 | $1,880 | $1,320 |
| 3 Bedroom | -$200 | $1,900 | $1,700 |
| 4 Bedroom | -$100 | $1,920 | $1,820 |
Affordability — North Ridgeville, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $315,000 |
| Median Household Income | $94,100 |