Market Overview
Home Prices in Monroeville, OH
The median home value in Monroeville, OH is $220,031 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.5% compared to a year ago and up 2.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Monroeville are priced46% below average. Monroeville is part of the Norwalk, OH metro area.
Over the past five years, Monroeville home values have risen by approximately27.9%, reflecting strong long-term appreciation in this market.
Price History
Monroeville Home Price Trend
City Comparison
Monroeville vs. National Median
At $220,031, homes in Monroeville cost 46% below the national median of $410,000. This makes Monroeville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Monroeville?
20% Down Payment
$44,006
on $220,031
Monthly P&I
$1,148/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,458/mo
incl. taxes & insurance
Income Needed
$58,320
gross annual (30% rule)
10% Down Option
$22,003
+ PMI applies
Loan Amount (20% dn)
$176,025
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 Monroeville, OH?
The median home value in Monroeville is $220,031 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.5% year-over-year.
How much have home prices changed in Monroeville?
Over the past year, home values in Monroeville have increased by 5.5%. Over five years, prices have risen approximately 27.9%.
How much do I need to earn to buy a home in Monroeville?
To comfortably afford the median home price of $220,031 with a 20% down payment ($44,006) at today's rates (6.8%), you'd need a gross annual income of approximately $58,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Monroeville compare to the national average home price?
The national median home value is approximately $410,000. At $220,031, homes in Monroeville are 46% below the national average.
What metro area is Monroeville part of?
Monroeville is part of the Norwalk, OH metropolitan area. Home prices and market conditions can vary across the broader metro region.