Massillon, OH 44646 Real Estate Market Report

ZIP Code: 44646
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

---

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

---

Property Taxes

---

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

---

Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Massillon, OH are 6.2% compared to the 5.8% average observed earlier in 2026, indicating a slight increase in borrowing costs for property owners in this market.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. $224,710 is the median sold price and should be treated as the primary indicator of market value and recent transaction activity for this ZIP; with prices reported up year-over-year, recent sales show appreciation is occurring even as listing expectations remain higher.

2. 187 median days on market points to slower sales velocity relative to faster-moving markets and suggests increased pricing friction or longer decision timelines for buyers; this slower turnover may indicate that buyers are exercising more patience despite upward price pressure.

3. $895 median market rent coupled with a rent trend that is up signals strengthening rental demand, which may support investor interest and provide a floor under pricing for SFR and condo assets.

4. $262,000 median listing price sits above the median sold price while interest rate pressure is elevated, creating a cautious purchase environment; alongside a relatively constrained active supply in the analyzed sample, this combination suggests balanced-to-slightly-warm market conditions where pricing discipline and financing clarity will matter for successful transactions.

---

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Massillon, OH 44646 Real Estate Market Report

ZIP Code: 44646
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

---

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

---

Property Taxes

---

Liquidity & Velocity

---

Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Massillon, OH are 6.2% compared to the 5.8% average observed earlier in 2026, indicating a slight increase in borrowing costs for property owners in this market.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. 241,500 is the median sold price and serves as the primary indicator of market value in Massillon; with the market temperature described as neutral, this suggests recent transactions are supporting modest appreciation rather than speculative pricing, so underwriters and appraisers should treat recent sales as representative comparables.

2. The market shows prolonged time-to-contract with a median days on market of 325, which indicates slower sales velocity and may require sellers to price more competitively or accept longer marketing periods to achieve offers in line with recent sold prices.

3. Pricing density near $167 per square foot (median price per square foot) combined with a median market rent of 985 and an upward rent year-over-year trend (up) suggests rental-support for valuations—investors should consider rent growth when modeling cash flow, while owners may benefit from steady rental demand.

4. Borrowing costs are a headwind: interest rate pressure is characterized as elevated and local 30-year fixed mortgage rates are noted as 6.2% versus a 5.8% earlier-in-2026 average, which may temper buyer purchasing power and moderate transaction velocity despite the neutral market temperature; lenders and pricing strategies should incorporate this tightened financing context.

---

Notable Properties

The following 7 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.