45417Drexel, OH Housing Market
$85,500median sale price
The 45417 zip code, located in Drexel, OH, is currently classified as a leaning buyer's. The median sale price stands at $85,500, representing a +0.6% change year over year. Homes in this area spend an average of 50 days on the market before going under contract. There are currently 61 active listings in the area, which influences how much negotiating power buyers and sellers have.
Understanding zip-code-level data is essential for making informed real estate decisions. City-wide averages can mask significant variation between neighborhoods, and the 45417 market may perform differently from surrounding areas depending on local school quality, proximity to employment centers, and housing stock characteristics. The metrics below are sourced from Redfin transaction data, Zillow home value estimates, and U.S. Census Bureau demographic statistics.
Homes sold
60
Last 12 weeks
Days on market
50
Average pace
Active listings
61
Sale-to-list
93.8%
Below asking
Market trends
Market analysis for 45417
The 45417 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a leaning buyer's, homes are selling at approximately 93.8% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 45417 have increased +0.6% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 45417 stands at $74,932, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,021 per month. This gives a price-to-rent ratio of approximately 6.1, which suggests that buying may be more cost-effective than renting in this area over the long term. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Community profile
Population
28,029
Median income
$34,866/yr
Median age
40.1 years
Owner-occupied
55.2%
College grads
10.7%
Avg commute
16.8 min
Living in 45417
Zip code 45417 is home to approximately 28,029 residents. The median household income is $34,866 per year, which shapes the types of homes and amenities available in the area. With a median age of 40.1 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 55.2% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 10.7% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 16.8 minutes, which is shorter than the national average and suggests good proximity to employment centers. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 45417.
Frequently asked questions about 45417
What is the median home price in 45417?
The current median sale price in 45417 is $85,500, based on recent Redfin transaction data. Prices have changed +0.6% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 45417 a buyer's or seller's market?
The 45417 zip code is currently classified as a leaning buyer's. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population and demographics of 45417?
Zip code 45417 has a population of approximately 28,029 residents. The median household income is $34,866 per year. About 55.2% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 45417?
Properties Incorporated provides comprehensive data for 45417 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 45417 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually. Visit our data sources page to learn more about our data methodology and update schedules.
Get zip code 45417 market alerts
Weekly updates on prices, inventory, and trends. Free forever.