Market Overview
Home Prices in Homerville, OH
The median home value in Homerville, OH is $383,252 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.5% compared to a year ago and up 1.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Homerville are priced7% below average. Homerville is part of the Cleveland-Elyria, OH metro area.
Over the past five years, Homerville home values have risen by approximately37.5%, reflecting strong long-term appreciation in this market.
Price History
Homerville Home Price Trend
City Comparison
Homerville vs. National Median
At $383,252, homes in Homerville cost 7% below the national median of $410,000. This makes Homerville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Homerville?
20% Down Payment
$76,650
on $383,252
Monthly P&I
$1,999/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,539/mo
incl. taxes & insurance
Income Needed
$101,560
gross annual (30% rule)
10% Down Option
$38,325
+ PMI applies
Loan Amount (20% dn)
$306,602
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 Homerville, OH?
The median home value in Homerville is $383,252 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.5% year-over-year.
How much have home prices changed in Homerville?
Over the past year, home values in Homerville have increased by 4.5%. Over five years, prices have risen approximately 37.5%.
How much do I need to earn to buy a home in Homerville?
To comfortably afford the median home price of $383,252 with a 20% down payment ($76,650) at today's rates (6.8%), you'd need a gross annual income of approximately $101,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Homerville compare to the national average home price?
The national median home value is approximately $410,000. At $383,252, homes in Homerville are 7% below the national average.
What metro area is Homerville part of?
Homerville is part of the Cleveland-Elyria, OH metropolitan area. Home prices and market conditions can vary across the broader metro region.