Garrettsville, OH—44231
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Garrettsville, OH
As of Nov '25, the median home price in Garrettsville, OH is $272,000, with a year-over-year change of 4.7%. This indicates that home prices in Garrettsville, OH are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $272,000 | 4.7% |
| Single Family | $275,000 | 5.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $204,000 | 5.2% |
3 Bed | $270,000 | 4.7% |
4 Bed | $316,000 | 5.7% |
| 5 Bed | $366,994 | 5.4% |
% of Housing Stock
Rental Trends — Garrettsville, OH
Garrettsville, OH lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $975 | $975 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $975 | $975 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Garrettsville, OH
As of Nov '25, Realtor.com reports that the median days on market for a home in Garrettsville, OH is 44. This is a decrease of -16.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $516,000 | 7.0% |
Listing Count | 19 | 15.0% |
| Listings as % of Homes | 0.4% | 15.0% |
Days on Market | 44 | -16.0% |
Demographics — Garrettsville, OH
As of the latest ACS Survey released in 2023, Garrettsville, OH has a population of 8,700, which has remained stable by -0.9% over the past 5 years. Garrettsville, OH is a popular place for families, as children make up 28.0% of the population. The area has a poorly educated workforce, with 21.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,700 | -0.9% |
% Under 18 | 28.0% | 49.7% |
% Seniors | 15.4% | -12.0% |
% WFH | 8.2% | 182.8% |
% w/ College Degree | 21.3% | 12.1% |
As of the latest ACS Survey released in 2023, Garrettsville, OH is a predominantly white area, with 94.6% of the population identifying as white. The white population has shrunk by 3.8% in the last 5 years. The second most common race or ethnicity in Garrettsville, OH is asian, making up 0.5% of the population. Foreign-born residents account for 1.3% of the population in Garrettsville, OH, and this percentage has increased by 116.7% 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 | 94.6% | -3.8% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.5% | 150.0% |
% Asian | 0.5% | 150.0% |
% Foreign Born | 1.3% | 116.7% |
Mortgage and Risk — Garrettsville, OH
According to HUD data as of 2023, there were 113 mortgage originations in Garrettsville, OH, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Garrettsville, 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 | 113 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Rentals and Section 8 — Garrettsville, OH
Garrettsville, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 25 |
Total Units Section 8 | 25 |
% Rentals under Section 8 | 5.3% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $830 |
| 2 Bedroom | $25 | $975 | $1,000 |
| 3 Bedroom | N/A | N/A | $1,300 |
| 4 Bedroom | N/A | N/A | $1,380 |
Affordability — Garrettsville, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $272,000 |
| Median Household Income | $85,500 |