Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 25,375, 9,129 total housing units (homes and apartments), and a median house value of $517,556, Avon real estate is some of the most expensive in Ohio, although Avon home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Avon, accounting for 77.38% of the city's housing units. Other types of housing that are prevalent in Avon include row houses and other attached homes ( 13.13%), large apartment complexes or high rise apartments ( 5.50%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.79%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Avon. Owner-occupied housing accounts for 86.10% of Avon's homes, and 68.84% have either three or four bedrooms, which is average sized relative to America.
Avon homes and real estate are some of the newest in America. 51.90% of Avon's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Avon real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 32.77%), and between 1940-1969 ( 13.85%). There's also some housing in Avon built before 1939 ( 1.47%).
Real estate appreciation rates in Avon's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.86% during the period.
NeighborhoodScout's data show that during the latest twelve months, Avon's appreciation rate, at 5.03%, has been at or slightly above the national average. In the latest quarter, Avon's appreciation rate has been -0.78%, which annualizes to a rate of -3.07%.
Notably, Avon's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Ohio, our data show that Avon's latest annual appreciation rate is lower than 80% of the other cities and towns in Ohio.
$517,556
for Ohio
for nation
9,129
$2,409 / per month