Commercial Real Estate Market in Nova, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 37 off-market properties in Nova, OH.
Market Trends
Nova, OH spans 31.1 square miles in Ashland County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Nova, OH runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Nova, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Nova, OH runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Nova, OH runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Nova, OH has 1,784 residents in 754 households. Density runs 57 people per square mile. Median household income here is $85,688.
1,784
Population
754
Households
2.4
Avg Household Size
42
Median Age
19%
College-Educated
94%
High-School Grad
31.1 sq mi
ZIP Area
57
Density / Sq Mi
$85,688
Median Household Income
$39,421
Median Earnings
$0
Median Rent
$199,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Sullivan | — | — |
| Ruggles | — | — |
| Clear Creek | — | — |
| Rochester | — | — |
Frequently Asked Questions
Where does Realmo's Nova market data come from?
Realmo compiles Nova, OH figures from 7 recent recorded sales, 2 active sale listings, 37 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 0 active for-lease listings in Nova, OH. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
