Ontario appreciation rates and housing market information
Ontario housing market information
With a population of 166,390, 44,931 total housing units (homes and apartments), and a median house value of $296,952, real estate costs in Ontario are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.
Single-family detached homes are the single most common housing type in Ontario, accounting for 58.47% of the city's housing units. Other types of housing that are prevalent in Ontario include large apartment complexes or high rise apartments (19.16%), duplexes, homes converted to apartments or other small apartment buildings (10.86%), and a few row houses and other attached homes (6.60%).
The most prevalent building size and type in Ontario are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.86% owning and 41.14% renting.
There is a lot of housing in Ontario built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Ontario built between 1940-1969 (30.65%). A lesser amount of the housing stock also hails from between 2000 and later (7.47%). There's also some housing in Ontario built before 1939 (5.21%).
Ontario home appreciation rates
In the last 10 years, Ontario has experienced some of the highest home appreciation rates of any community in the nation. Ontario real estate appreciated 36.64% over the last ten years, which is an average annual home appreciation rate of 3.17%, putting Ontario in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Ontario definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Ontario that despite a nationwide downturn in the housing market, Ontario real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ontario appreciation rates continue to be some of the highest in America, at 16.04%, which is higher than appreciation rates in 98.31% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ontario. Ontario appreciation rates in the latest quarter were at 6.34%, which equates to an annual appreciation rate of 27.88%.
Importantly, NeighborhoodScout’s exclusive research found that Ontario's housing market shows one of the top real estate appreciation rates in the U.S.A. in the latest quarter, which may signal the city’s near-future real estate investment strength.
Relative to California, our data show that Ontario's latest annual appreciation rate is higher than 80% of the other cities and towns in California.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Ontario differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ontario - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Ontario real estate investment or home purchase decisions.