Ravenna, OH—44266
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ravenna, OH
As of Nov '25, the median home price in Ravenna, OH is $212,000, with a year-over-year change of 5.3%. This indicates that home prices in Ravenna, 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 | $212,000 | 5.3% |
| Single Family | $214,000 | 5.4% |
| Condos | $180,000 | 7.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $85,000 | -2.3% |
2 Bed | $142,000 | 4.4% |
3 Bed | $223,000 | 5.2% |
4 Bed | $288,000 | 5.1% |
| 5 Bed | $267,042 | 6.0% |
% of Housing Stock
Rental Trends — Ravenna, OH
As of July '25, Rentcast reports the average rent in Ravenna, OH is $1,030, with a year-over-year rent change of 17.0%. Per bedroom, the median rent as of July '25 in Ravenna, OH is 1-bedrooms: $840, 2-bedrooms: $1,110, 3-bedrooms: $1,520. The most common rental property sizes in Ravenna, OH are 2-bedroom and 3-bedroom, accounting for 45.5% and 29.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $950 | $1,030 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $775 | $840 |
| 2 Bed Rent | $1,000 | $1,110 |
| 3 Bed Rent | $1,300 | $1,520 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Ravenna, OH
As of Nov '25, Realtor.com reports that the median days on market for a home in Ravenna, OH is 40. This is a increase of 17.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $264,000 | 15.0% |
Listing Count | 69 | 19.0% |
| Listings as % of Homes | 0.3% | 19.0% |
Days on Market | 40 | 17.0% |
Demographics — Ravenna, OH
As of the latest ACS Survey released in 2023, Ravenna, OH has a population of 32,300, which has decreased by -4.7% over the past 5 years. Ravenna, OH is a moderately popular place for families, as children make up 18.6% of the population. The area has a poorly educated workforce, with 20.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,300 | -4.7% |
% Under 18 | 18.6% | -4.6% |
% Seniors | 18.5% | 11.4% |
% WFH | 11.1% | 311.1% |
% w/ College Degree | 20.9% | 10.0% |
As of the latest ACS Survey released in 2023, Ravenna, OH is a predominantly white area, with 86.9% of the population identifying as white. The white population has shrunk by 5.4% in the last 5 years. The second most common race or ethnicity in Ravenna, OH is black, making up 6.1% of the population. Foreign-born residents account for 1.3% of the population in Ravenna, OH, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 86.9% | -5.4% |
% Black | 6.1% | 69.4% |
% Hispanic | 2.3% | 64.3% |
% Asian | 0.4% | -50.0% |
% Foreign Born | 1.3% | 0.0% |
Mortgage and Risk — Ravenna, OH
According to HUD data as of 2023, there were 600 mortgage originations in Ravenna, OH, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Ravenna, OH. Investor activity is low, as 4.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 600 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Rentals and Section 8 — Ravenna, OH
Ravenna, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1,208 |
Total Units Section 8 | 1,017 |
% Rentals under Section 8 | 23.5% |
% Occupied Section 8 | 80.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $85 | $775 | $860 |
| 2 Bedroom | $110 | $1,000 | $1,110 |
| 3 Bedroom | $70 | $1,300 | $1,370 |
| 4 Bedroom | N/A | N/A | $1,480 |
Affordability — Ravenna, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $212,000 |
| Median Household Income | $61,200 |