Van Wert, OH—45891
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Van Wert, OH
As of Nov '25, the median home price in Van Wert, OH is $179,000, with a year-over-year change of 7.1%. This indicates that home prices in Van Wert, OH are increasing. According to Zillow, the 1-year price projection is 4.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $179,000 | 7.1% |
| Single Family | $178,000 | 7.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $106,000 | 6.0% |
2 Bed | $133,000 | 8.1% |
3 Bed | $194,000 | 7.2% |
4 Bed | $233,000 | 6.4% |
| 5 Bed | $272,818 | 3.3% |
% of Housing Stock
Rental Trends — Van Wert, OH
As of July '25, Rentcast reports the average rent in Van Wert, OH is $1,130, with a year-over-year rent change of 76.0%. Per bedroom, the median rent as of July '25 in Van Wert, OH is studios: $450, 2-bedrooms: $972, 3-bedrooms: $1,620. The most common rental property sizes in Van Wert, OH are 2-bedroom and 3-bedroom, accounting for 31.5% and 31.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,130 |
| Studio Rent | $450 | $450 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $744 | $972 |
| 3 Bed Rent | $1,600 | $1,620 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Van Wert, OH
As of Nov '25, Realtor.com reports that the median days on market for a home in Van Wert, OH is 54. This is a decrease of -7.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $175,000 | -19.0% |
Listing Count | 53 | -1.0% |
| Listings as % of Homes | 0.5% | -1.0% |
Days on Market | 54 | -7.0% |
Demographics — Van Wert, OH
As of the latest ACS Survey released in 2023, Van Wert, OH has a population of 15,500, which has increased by 4.1% over the past 5 years. Van Wert, OH is a moderately popular place for families, as children make up 23.2% of the population. The area has a poorly educated workforce, with 18.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,500 | 4.1% |
% Under 18 | 23.2% | -1.3% |
% Seniors | 19.4% | -4.9% |
% WFH | 3.3% | 120.0% |
% w/ College Degree | 18.6% | 8.1% |
As of the latest ACS Survey released in 2023, Van Wert, OH is a predominantly white area, with 91.5% of the population identifying as white. The white population has shrunk by 1.2% in the last 5 years. The second most common race or ethnicity in Van Wert, OH is hispanic, making up 4.2% of the population. Foreign-born residents account for 1.1% of the population in Van Wert, OH, and this percentage has increased by 120.0% 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 | 91.5% | -1.2% |
% Black | 0.7% | -61.1% |
% Hispanic | 4.2% | 0.0% |
% Asian | 0.5% | 0.0% |
% Foreign Born | 1.1% | 120.0% |
Mortgage and Risk — Van Wert, OH
According to HUD data as of 2023, there were 192 mortgage originations in Van Wert, OH, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Van Wert, OH. Investor activity is low, as 0.0% 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 | 192 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Rentals and Section 8 — Van Wert, OH
Van Wert, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 78 |
Total Units Section 8 | 78 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 93.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $670 |
| 2 Bedroom | $136 | $744 | $880 |
| 3 Bedroom | -$510 | $1,600 | $1,090 |
| 4 Bedroom | N/A | N/A | $1,200 |
Affordability — Van Wert, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $179,000 |
| Median Household Income | $62,900 |