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Elida, OH—45807

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$262,000
7.8% YoY Growth
Household Income
$74,400
16.0% YoY Growth
Days on Market
38
39.0% Longer YoY
Home Price Forecast
2.4%
Median Rent
$1,700
21.7% YoY Growth
1-Bed Rent
$850
N/A
2-Bed Rent
$1,800
96.7% YoY Growth
3-Bed Rent
$2,300
4.1% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Elida, OH

As of May '26, the median home price in Elida, OH is $262,000, with a year-over-year change of 7.8%. This indicates that home prices in Elida, OH are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$262,0007.8%
Single Family $271,0007.1%
Condos $82,0002.5%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $72,000
    -5.3%
    2 Bed
    		$150,0008.7%
    3 Bed
    		$269,0007.2%
    4 Bed
    		$324,0006.2%
    5 Bed $395,3005.0%
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    % of Housing Stock

    Studio
    1.5%
    1 Bedroom
    5.2%
    2 Bedrooms
    15.6%
    3 Bedrooms
    56.3%
    4 Bedrooms
    18.6%
    5+ Bedrooms
    2.7%

    Rental Trends — Elida, OH

    As of July '25, Rentcast reports the average rent in Elida, OH is $1,740, with a year-over-year rent change of 21.7%. Per bedroom, the median rent as of July '25 in Elida, OH is 1-bedrooms: $850, 2-bedrooms: $1,800, 3-bedrooms: $2,030, 4-bedrooms: $1,700. The most common rental property sizes in Elida, OH are 2-bedroom and 3-bedroom, accounting for 42.4% and 34.6% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,700$1,740
    Studio Rent N/AN/A
    1 Bed Rent $850$850
    2 Bed Rent $1,800$1,800
    3 Bed Rent $2,300$2,030
    4 Bed Rent $1,700$1,700
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    % of Rental Stock

    Studio
    2.9%
    1 Bedroom
    13.4%
    2 Bedrooms
    42.4%
    3 Bedrooms
    34.6%
    4 Bedrooms
    6.7%

    Property Listings — Elida, OH

    As of May '26, Realtor.com reports that the median days on market for a home in Elida, OH is 38. This is a increase of 39.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$307,0003.0%
    Listing Count
    		39-14.0%
    Listings as % of Homes0.5%-14.0%
    Days on Market
    		3839.0%
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    Demographics — Elida, OH

    As of the latest ACS Survey released in 2023, Elida, OH has a population of 11,600, which has decreased by -6.3% over the past 5 years. Elida, OH is a moderately popular place for families, as children make up 23.4% of the population. The area has a poorly educated workforce, with 22.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.0% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		11,600-6.3%
    % Under 18
    		23.4%12.0%
    % Seniors
    		21.1%3.4%
    % WFH
    		5.0%163.2%
    % w/ College Degree
    		22.2%23.3%
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    As of the latest ACS Survey released in 2023, Elida, OH is a predominantly white area, with 89.7% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Elida, OH is black, making up 4.5% of the population. Foreign-born residents account for 1.9% of the population in Elida, OH, and this percentage has increased by 58.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		89.7%-2.2%
    % Black
    		4.5%9.8%
    % Hispanic
    		1.6%45.5%
    % Asian
    		0.5%-54.5%
    % Foreign Born
    		1.9%58.3%
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    Mortgage and Risk — Elida, OH

    According to HUD data as of 2023, there were 236 mortgage originations in Elida, OH, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Elida, 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

    MetricZip Code Average
    Total Loan Originations
    		236
    % Conventional Loans
    		83.0%
    % Government Loans
    		17.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		12.0%
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    Rentals and Section 8 — Elida, OH

    As of 2024, the percent of homes in Elida, OH under the Section 8 program is 0.7%. 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. In Elida, OH, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

    Section 8 Market Size

    Total Units under HUD
    		10
    Total Units Section 8
    		6
    % Rentals under Section 8
    		0.7%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$0$850$850
    2 Bedroom-$680$1,800$1,120
    3 Bedroom-$940$2,300$1,360
    4 Bedroom-$160$1,700$1,540

    Affordability — Elida, OH

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.9
    Median Home Price$262,000
    Median Household Income$74,400

    Elida, OH — ZIP Code Boundary Map

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    Frequently Asked Questions