Market Overview
Home Prices in New Waterford, OH
The median home value in New Waterford, OH is $209,689 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.8% compared to a year ago and up 1.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in New Waterford are priced49% below average. New Waterford is part of the Salem, OH metro area.
Over the past five years, New Waterford home values have risen by approximately26.3%, reflecting strong long-term appreciation in this market.
Price History
New Waterford Home Price Trend
City Comparison
New Waterford vs. National Median
At $209,689, homes in New Waterford cost 49% below the national median of $410,000. This makes New Waterford a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in New Waterford?
20% Down Payment
$41,938
on $209,689
Monthly P&I
$1,094/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,389/mo
incl. taxes & insurance
Income Needed
$55,560
gross annual (30% rule)
10% Down Option
$20,969
+ PMI applies
Loan Amount (20% dn)
$167,751
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 New Waterford, OH?
The median home value in New Waterford is $209,689 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.8% year-over-year.
How much have home prices changed in New Waterford?
Over the past year, home values in New Waterford have increased by 5.8%. Over five years, prices have risen approximately 26.3%.
How much do I need to earn to buy a home in New Waterford?
To comfortably afford the median home price of $209,689 with a 20% down payment ($41,938) at today's rates (6.8%), you'd need a gross annual income of approximately $55,560. This assumes keeping total housing costs at or below 30% of gross income.
How does New Waterford compare to the national average home price?
The national median home value is approximately $410,000. At $209,689, homes in New Waterford are 49% below the national average.
What metro area is New Waterford part of?
New Waterford is part of the Salem, OH metropolitan area. Home prices and market conditions can vary across the broader metro region.