Market Overview
Home Prices in McDermott, OH
The median home value in McDermott, OH is $172,276 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9.3% compared to a year ago and up 3.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in McDermott are priced58% below average. McDermott is part of the Portsmouth, OH metro area.
Over the past five years, McDermott home values have risen by approximately29.7%, reflecting strong long-term appreciation in this market.
Price History
McDermott Home Price Trend
City Comparison
McDermott vs. National Median
At $172,276, homes in McDermott cost 58% below the national median of $410,000. This makes McDermott a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in McDermott?
20% Down Payment
$34,455
on $172,276
Monthly P&I
$898/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,140/mo
incl. taxes & insurance
Income Needed
$45,600
gross annual (30% rule)
10% Down Option
$17,228
+ PMI applies
Loan Amount (20% dn)
$137,821
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 McDermott, OH?
The median home value in McDermott is $172,276 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9.3% year-over-year.
How much have home prices changed in McDermott?
Over the past year, home values in McDermott have increased by 9.3%. Over five years, prices have risen approximately 29.7%.
How much do I need to earn to buy a home in McDermott?
To comfortably afford the median home price of $172,276 with a 20% down payment ($34,455) at today's rates (6.8%), you'd need a gross annual income of approximately $45,600. This assumes keeping total housing costs at or below 30% of gross income.
How does McDermott compare to the national average home price?
The national median home value is approximately $410,000. At $172,276, homes in McDermott are 58% below the national average.
What metro area is McDermott part of?
McDermott is part of the Portsmouth, OH metropolitan area. Home prices and market conditions can vary across the broader metro region.