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Medina

Learn about the people, housing, costs and businesses in Medina, Ohio

Median Home$302,147
Median Rent$1,359/month
Population46,595
Leading IndustriesEducation · Healthcare · Arts, Food & Hospitality2% education
Home Value Growth⬆⬆+15.8% over 2 years
Retirees22% of residentsslightly above average
Homeowners78% of occupied units
NotableHighly Educated29% bachelor's · 11% graduate · top 6% nationally
NotableHigh Incomes$105k/year · top 11% nationally
Medina
OH

Frequently Asked Questions

What are today's mortgage rates in Medina?

As of today, the 30-year fixed mortgage rate for Medina is approximately 6.926% (6.963% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Medina?

The median home value in Medina is $302k. The median monthly rent is $1,359. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Medina?

Home values in Medina have increased 15.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Medina?

Based on a typical all-in ownership cost of $1,407/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $60k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Medina is $105k/year.

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What industries drive the economy in Medina?

The largest employment sectors in Medina are public administration (22%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.