Market Overview
Home Prices in Wakeman, OH
The median home value in Wakeman, OH is $286,283 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5% compared to a year ago and up 3.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Wakeman are priced30% below average. Wakeman is part of the Norwalk, OH metro area.
Over the past five years, Wakeman home values have risen by approximately30.8%, reflecting strong long-term appreciation in this market.
Price History
Wakeman Home Price Trend
City Comparison
Wakeman vs. National Median
At $286,283, homes in Wakeman cost 30% below the national median of $410,000. This makes Wakeman a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Wakeman?
20% Down Payment
$57,257
on $286,283
Monthly P&I
$1,493/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,896/mo
incl. taxes & insurance
Income Needed
$75,840
gross annual (30% rule)
10% Down Option
$28,628
+ PMI applies
Loan Amount (20% dn)
$229,026
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 Wakeman, OH?
The median home value in Wakeman is $286,283 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5% year-over-year.
How much have home prices changed in Wakeman?
Over the past year, home values in Wakeman have increased by 5%. Over five years, prices have risen approximately 30.8%.
How much do I need to earn to buy a home in Wakeman?
To comfortably afford the median home price of $286,283 with a 20% down payment ($57,257) at today's rates (6.8%), you'd need a gross annual income of approximately $75,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Wakeman compare to the national average home price?
The national median home value is approximately $410,000. At $286,283, homes in Wakeman are 30% below the national average.
What metro area is Wakeman part of?
Wakeman is part of the Norwalk, OH metropolitan area. Home prices and market conditions can vary across the broader metro region.