Wapakoneta, OH Housing Market
AI-powered market intelligence for the Wapakoneta, OH metro area.
PropertyIQ Scores
Wapakoneta, OH Market Analysis
Market Overview
Wapakoneta’s PropertyIQ Score of 76 out of 100 places the local housing market in a moderately strong position. The score is supported by a 12-month home value momentum reading of 11.06% and a median days-on-market figure of 42 days, which together suggest that homes have generally been selling at a steady pace after a period of appreciation. At the same time, the scorecard includes a three-month home value momentum reading of -0.36% and a price-cut share of 20.9%, indicating that some near-term softening is present.
Compared with state benchmarks, Wapakoneta offers a mostly competitive profile. The median home value of $243,873 is slightly below the state average of $249,941, while the rent index of $1,075 is above the state average of $988. The unemployment rate is 3.6%, matching the state average, and median household income is $76,454, exceeding the state benchmark of $69,680. Those comparisons suggest that local incomes and rental demand are relatively strong even though home prices remain a bit more affordable than the statewide norm.
Overall, Wapakoneta reads as a stable but not overheated market. The above-average income and rent index, combined with a solid PropertyIQ Score, support moderate strength, while negative short-term price momentum and a meaningful share of price cuts suggest buyers have some negotiating room.
Key Trends
One clear trend is the split between longer-term and shorter-term home value momentum. The 12-month momentum figure of 11.06% points to meaningful appreciation over the past year, but the three-month momentum figure of -0.36% indicates that values have recently pulled back or flattened. The listed year-over-year home value change of $1 adds another mixed signal on annual price movement, suggesting the market has not sustained the same pace in every dataset.
A second trend is rental market strength. Wapakoneta’s rent index of $1,075 is $87 above the state average of $988, which means rental demand appears stronger than the statewide benchmark. That is notable because the median home value of $243,873 is slightly below the state average, so the area combines relatively moderate home prices with higher-than-average rent potential.
A third trend is affordability. With a median household income of $76,454 and a median home value of $243,873, local buyers are in a stronger affordability position than the statewide comparison, where the median home value is $249,941 and median household income is $69,680. Higher incomes and lower home values relative to the state suggest that local households may have more purchasing power.
A fourth trend is balanced inventory and pricing behavior. There are 59 homes for sale, and the median days on market is 42 days. At the same time, 20.9% of listings have had a price cut. That level of price reductions points to a market where sellers are adjusting expectations and buyers may have some leverage. Population growth is listed as N/A, so migration-driven demand cannot be directly evaluated from this dataset.
Who Is This Market For
This market is well suited to first-time buyers and local workforce buyers. The median home value of $243,873 is slightly below the state average, while median household income of $76,454 is above the state benchmark, giving local earners a better affordability position than many statewide peers. The unemployment rate of 3.6% also matches the state average, which supports a stable employment backdrop.
Move-up buyers may also find opportunity here. Because home values remain below the state average and incomes are above the state average, households looking to purchase a larger or newer home can likely do so without facing the same price pressure seen elsewhere in the state. The median days on market of 42 days suggests enough turnover for buyers to find options, though 20.9% of listings with a price cut means negotiating room may be available.
For rental property investors, the above-state-average rent index of $1,075 is a positive signal relative to the state benchmark of $988. However, the negative three-month momentum and the price-cut share suggest that investor purchases should be underwritten with realistic expectations about near-term appreciation. The market appears more supportive of cash-flow-oriented rental investing than of short-term price speculation.
Outlook
The near-term outlook for Wapakoneta is best described as stable with cooling price momentum. The 12-month home value momentum of 11.06% provides a foundation of recent appreciation, but the three-month momentum of -0.36%, the reported year-over-year home value change of $1, and a 20.9% share of listings with price cuts suggest that the pace of price growth has slowed. With 59 homes for sale and a median days on market of 42 days, the market is not showing signs of a severe supply shortage. At the same time, an unemployment rate of 3.6%, a median household income of $76,454, and a rent index above the state average support underlying demand. The data supports a measured outlook: continued buyer opportunity in the near term, with long-term stability anchored by above-state-average incomes and rental demand.
AI-generated analysis based on current market data. Last updated August 25, 2026.
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Wapakoneta, OH market data
Wapakoneta, OH Housing Market Overview
Wapakoneta, OH's median home value is $244K, up 11.1% over the past year. Homes here sell in a median 42 days. Its PropertyIQ Score of 76 sits well above the state average of 50, marking a market positioned to outperform its state over the next three years.
The Wapakoneta, OH metro area is one of 900+ US metropolitan markets that PropertyIQ scores each month. A single PropertyIQ Score blends Zillow price momentum with Realtor.com market-flow signals to estimate 3-year excess appreciation versus the market's state — showing not just where prices stand today, but how the market is positioned relative to its peers.
Midwestern housing markets are characterized by affordability and economic diversification. From manufacturing hubs undergoing tech-sector transitions to university towns with stable demand, the region offers value-oriented opportunities with lower entry costs than coastal markets. Within the Midwest, Wapakoneta, OH's PropertyIQ Score of 76 ranks among the Midwest's stronger demand signals.
Ohio's housing market offers some of the Midwest's strongest value propositions, with affordable entry points and diversifying economies. Columbus leads state growth while Cleveland and Cincinnati undergo downtown revitalization.
The PropertyIQ Score for the Wapakoneta, OH market is built from four inputs: Zillow home-value momentum over twelve months, Zillow home-value momentum over three months, the median days listings spend on the market (Realtor.com), and the share of listings with a price cut (Realtor.com). The score runs on a 1 to 99 scale computed across all metro markets nationally and calibrated so 50 equals the state average — a score above 50 means this market is positioned to outperform its state, and a score below 50 means it is set to lag. Momentum here has been positive, with home values up 11.1% over the past year.
View Wapakoneta, OH's complete market profile including historical price trends, score history, and AI-generated analysis. Compare this market against any other US metro to find the best opportunities for your investment strategy.
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Market data through July 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Wapakoneta, OH a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Wapakoneta, OH currently scores 76, a rising-momentum reading that leaves it positioned to outperform its state over the next three years. For buyers, strengthening demand usually means rising competition and firmer prices, so waiting can cost you negotiating room. Backing that up, the median home value here is $244K, up 11.1% over the past year. So whether Wapakoneta, OH is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Wapakoneta, OH?
Wapakoneta, OH's PropertyIQ Score is 76, indicating rising momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 76 places Wapakoneta, OH above its state benchmark.
Are home prices in Wapakoneta, OH rising or falling?
Home prices in Wapakoneta, OH are rising. Over the past year, the median home value increased 11.1%, reaching $244K. Over the latest three months, values slipped 0.4%, a sign near-term demand is softening. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind Wapakoneta, OH's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in Wapakoneta, OH?
In Wapakoneta, OH, homes sell in a median of 42 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 21% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Wapakoneta, OH market data is refreshed on a monthly cycle, with the latest figures current through July 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.