Market Overview
Home Prices in Park Layne, OH
The median home value in Park Layne, OH is $186,372 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.8% compared to a year ago and up 3.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Park Layne are priced55% below average. Park Layne is part of the Springfield, OH metro area.
Over the past five years, Park Layne home values have risen by approximately42.1%, reflecting strong long-term appreciation in this market.
Price History
Park Layne Home Price Trend
City Comparison
Park Layne vs. National Median
At $186,372, homes in Park Layne cost 55% below the national median of $410,000. This makes Park Layne a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Park Layne?
20% Down Payment
$37,274
on $186,372
Monthly P&I
$972/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,234/mo
incl. taxes & insurance
Income Needed
$49,360
gross annual (30% rule)
10% Down Option
$18,637
+ PMI applies
Loan Amount (20% dn)
$149,098
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 Park Layne, OH?
The median home value in Park Layne is $186,372 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.8% year-over-year.
How much have home prices changed in Park Layne?
Over the past year, home values in Park Layne have increased by 6.8%. Over five years, prices have risen approximately 42.1%.
How much do I need to earn to buy a home in Park Layne?
To comfortably afford the median home price of $186,372 with a 20% down payment ($37,274) at today's rates (6.8%), you'd need a gross annual income of approximately $49,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Park Layne compare to the national average home price?
The national median home value is approximately $410,000. At $186,372, homes in Park Layne are 55% below the national average.
What metro area is Park Layne part of?
Park Layne is part of the Springfield, OH metropolitan area. Home prices and market conditions can vary across the broader metro region.