Market Overview
Home Prices in Elida, OH
The median home value in Elida, OH is $254,729 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.9% compared to a year ago and up 4.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Elida are priced38% below average. Elida is part of the Lima, OH metro area.
Over the past five years, Elida home values have risen by approximately33.6%, reflecting strong long-term appreciation in this market.
Price History
Elida Home Price Trend
2020
$163,436
$163K
—
2021
$190,689
$191K
+16.7%
2022
$214,448
$214K
+12.5%
2023
$220,644
$221K
+2.9%
2024
$228,284
$228K
+3.5%
2025
$238,354
$238K
+4.4%
2026
$254,729
$255K
+6.9%
City Comparison
Elida vs. National Median
🏠 Elida
$254,729
National Median
$410,000
At $254,729, homes in Elida cost 38% below the national median of $410,000. This makes Elida a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Elida?
20% Down Payment
$50,946
on $254,729
Monthly P&I
$1,329/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,688/mo
incl. taxes & insurance
Income Needed
$67,520
gross annual (30% rule)
10% Down Option
$25,473
+ PMI applies
Loan Amount (20% dn)
$203,783
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Elida, OH?
The median home value in Elida is $254,729 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.9% year-over-year.
How much have home prices changed in Elida?
Over the past year, home values in Elida have increased by 6.9%. Over five years, prices have risen approximately 33.6%.
How much do I need to earn to buy a home in Elida?
To comfortably afford the median home price of $254,729 with a 20% down payment ($50,946) at today's rates (6.8%), you'd need a gross annual income of approximately $67,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Elida compare to the national average home price?
The national median home value is approximately $410,000. At $254,729, homes in Elida are 38% below the national average.
What metro area is Elida part of?
Elida is part of the Lima, OH metropolitan area. Home prices and market conditions can vary across the broader metro region.