Market Overview
Home Prices in Mount Gilead, OH
The median home value in Mount Gilead, OH is $261,994 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.1% compared to a year ago and up 2.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mount Gilead are priced36% below average. Mount Gilead is part of the Columbus, OH metro area.
Over the past five years, Mount Gilead home values have risen by approximately15.4%, reflecting steady appreciation in this market.
Price History
Mount Gilead Home Price Trend
City Comparison
Mount Gilead vs. National Median
At $261,994, homes in Mount Gilead cost 36% below the national median of $410,000. This makes Mount Gilead a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mount Gilead?
20% Down Payment
$52,399
on $261,994
Monthly P&I
$1,366/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,735/mo
incl. taxes & insurance
Income Needed
$69,400
gross annual (30% rule)
10% Down Option
$26,199
+ PMI applies
Loan Amount (20% dn)
$209,595
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 Mount Gilead, OH?
The median home value in Mount Gilead is $261,994 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.1% year-over-year.
How much have home prices changed in Mount Gilead?
Over the past year, home values in Mount Gilead have increased by 4.1%. Over five years, prices have risen approximately 15.4%.
How much do I need to earn to buy a home in Mount Gilead?
To comfortably afford the median home price of $261,994 with a 20% down payment ($52,399) at today's rates (6.8%), you'd need a gross annual income of approximately $69,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Mount Gilead compare to the national average home price?
The national median home value is approximately $410,000. At $261,994, homes in Mount Gilead are 36% below the national average.
What metro area is Mount Gilead part of?
Mount Gilead is part of the Columbus, OH metropolitan area. Home prices and market conditions can vary across the broader metro region.