Market Overview
Home Prices in Medway, OH
The median home value in Medway, OH is $193,066 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.8% compared to a year ago and up 4.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Medway are priced53% below average. Medway is part of the Springfield, OH metro area.
Over the past five years, Medway home values have risen by approximately31.5%, reflecting strong long-term appreciation in this market.
Price History
Medway Home Price Trend
City Comparison
Medway vs. National Median
At $193,066, homes in Medway cost 53% below the national median of $410,000. This makes Medway a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Medway?
20% Down Payment
$38,613
on $193,066
Monthly P&I
$1,007/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,279/mo
incl. taxes & insurance
Income Needed
$51,160
gross annual (30% rule)
10% Down Option
$19,307
+ PMI applies
Loan Amount (20% dn)
$154,453
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 Medway, OH?
The median home value in Medway is $193,066 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.8% year-over-year.
How much have home prices changed in Medway?
Over the past year, home values in Medway have increased by 2.8%. Over five years, prices have risen approximately 31.5%.
How much do I need to earn to buy a home in Medway?
To comfortably afford the median home price of $193,066 with a 20% down payment ($38,613) at today's rates (6.8%), you'd need a gross annual income of approximately $51,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Medway compare to the national average home price?
The national median home value is approximately $410,000. At $193,066, homes in Medway are 53% below the national average.
What metro area is Medway part of?
Medway is part of the Springfield, OH metropolitan area. Home prices and market conditions can vary across the broader metro region.