Market Overview
Home Prices in Nova, OH
The median home value in Nova, OH is $294,800 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.9% 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 Nova are priced28% below average. Nova is part of the Ashland, OH metro area.
Over the past five years, Nova home values have risen by approximately36.3%, reflecting strong long-term appreciation in this market.
Price History
Nova Home Price Trend
2020
$171,888
$172K
—
2021
$216,319
$216K
+25.8%
2022
$240,054
$240K
+11.0%
2023
$247,414
$247K
+3.1%
2024
$267,056
$267K
+7.9%
2025
$278,485
$278K
+4.3%
2026
$294,800
$295K
+5.9%
City Comparison
Nova vs. National Median
🏠 Nova
$294,800
National Median
$410,000
At $294,800, homes in Nova cost 28% below the national median of $410,000. This makes Nova a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Nova?
20% Down Payment
$58,960
on $294,800
Monthly P&I
$1,538/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,953/mo
incl. taxes & insurance
Income Needed
$78,120
gross annual (30% rule)
10% Down Option
$29,480
+ PMI applies
Loan Amount (20% dn)
$235,840
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 Nova, OH?
The median home value in Nova is $294,800 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.9% year-over-year.
How much have home prices changed in Nova?
Over the past year, home values in Nova have increased by 5.9%. Over five years, prices have risen approximately 36.3%.
How much do I need to earn to buy a home in Nova?
To comfortably afford the median home price of $294,800 with a 20% down payment ($58,960) at today's rates (6.8%), you'd need a gross annual income of approximately $78,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Nova compare to the national average home price?
The national median home value is approximately $410,000. At $294,800, homes in Nova are 28% below the national average.
What metro area is Nova part of?
Nova is part of the Ashland, OH metropolitan area. Home prices and market conditions can vary across the broader metro region.