Medway, OH
Population 709 · Ohio
About Medway, OH
Medway is a small community located in Ohio with a population of 709 residents according to the latest US Census Bureau American Community Survey data. The median household income is $88,059 per year, which is 17% above the national median of $75,149. The median age of 41.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Medway features a median home value of $173,600, which is 29% below the national median of $244,900. This positions Medway in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 319 total housing units, 95% are owner-occupied (272 units) and 5% are renter-occupied (15 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Medway shows an unemployment rate of 3.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 11.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Medway have an average one-way commute time of 17.9 minutes, one of the shorter commutes in the region.
Education & Demographics
14.9% of Medway residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 1.3% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Medway, OH
Compared to national averages, Medway has a median household income of $88,059 (17% above the national median of $75,149). Home values average $173,600, which is 29% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Ohio, Medway's income is 23% above the state average of $71,814, and home values are 0% below the state median of $174,449.
Why Live in Medway, OH?
Medway offers a strong local economy with a median household income of $88,059, well above the national average, and affordable housing with a median home value of $173,600, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a strong job market with an unemployment rate of just 3.1%, and a low poverty rate of 11.4%, better than the national average, and short commute times averaging just 17.9 minutes.
Medway has a population of 709 with a median age of 41.8 years. Compare Medway with other cities to see how it stacks up, or explore all cities in Ohio.
Similar Cities Near Medway
Cities in Ohio with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Hamersville | 706 | $64,482 | $165,000 | Compare |
| Russellville | 706 | $63,750 | $109,200 | Compare |
| Malta | 705 | $35,833 | $98,300 | Compare |
| Highland Hills | 704 | $41,382 | $112,500 | Compare |
| Lincoln Heights | 704 | $42,679 | $76,200 | Compare |
| Bentleyville | 715 | $218,750 | $730,900 | Compare |
| South Mount Vernon | 702 | $50,234 | $0 | Compare |
| Christiansburg | 701 | $73,125 | $95,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Ohio
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Medway
What is the population of Medway, OH?
The population of Medway, OH is 709 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Ohio.
What is the median household income in Medway?
The median household income in Medway, OH is $88,059 per year, which is 17% above the national median of $75,149.
What is the median home value in Medway?
The median home value in Medway, OH is $173,600, which is 29% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Medway?
The median monthly rent in Medway, OH is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Medway?
The unemployment rate in Medway, OH is 3.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Medway, OH a good place to live?
Medway offers above-average incomes, affordable housing, and a strong job market. With a population of 709 and a median age of 41.8, the city appeals to a broad range of residents.
How educated is Medway, OH?
14.9% of residents in Medway aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Medway?
Key cost-of-living indicators for Medway, OH: median home value is $173,600 (29% below national), median rent is $0/month, and median household income is $88,059. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Medway?
The poverty rate in Medway, OH is 11.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Medway, OH?
Medway's population is 0.0% White, 1.3% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.