Avon, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Avon, OH Real Estate Data


Avon Housing Market Information

With a population of 22,544, 7,953 total housing units (homes and apartments), and a median house value of $268,310, 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 75.14% of the city's housing units. Other types of housing that are prevalent in Avon include row houses and other attached homes ( 10.82%), duplexes, homes converted to apartments or other small apartment buildings ( 7.27%), and a few large apartment complexes or high rise apartments ( 6.52%).

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 77.05% of Avon's homes, and 71.95% 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. 45.81% 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 ( 32.33%), and between 1940-1969 ( 16.13%). There's also some housing in Avon built before 1939 ( 5.73%).

Avon Home Appreciation Rates

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 0.05% during the period.

Appreciation rates are so strong in Avon that despite a nationwide downturn in the housing market, Avon real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Avon appreciation rates continue to be some of the highest in America, at 5.91%, which is higher than appreciation rates in 72.98% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Avon. Avon appreciation rates in the latest quarter were at 3.30%, which equates to an annual appreciation rate of 13.87%.

Importantly, this makes Avon one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Ohio, our data show that Avon's latest annual appreciation rate is higher than 70% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$268,310

Avon, OH HOME PRICES

Value Range
> $1,139,000 0.3
$855,001 - $1,139,000 0.0
$570,001 - $855,000 2.4
$456,001 - $570,000 5.8
$342,001 - $456,000 18.0
$228,001 - $342,000 40.3
$114,001 - $228,000 26.5
$57,001 - $114,000 3.9
$0 - $57,000 2.7

Very High for OH
High for Nation

Value Relative to Nation Value Relative to State
20.4895473443813 6.56167979002625

Number Of Homes And Apartments:
7,953

Rent & Ownership

 

Average Market Rent:
$1,458 / per month

Homeownership Rate

Homeownership
Owners 77.05
Renters 22.95
Vacant 2.76

Housing Market Details

 

Age of Homes

AGE OF Avon HOMES
2000 or Newer 45.8
1970 - 1999 32.3
1940 - 1969 16.1
1939 or Older 5.7

Types of Homes

TYPE OF Avon HOMES
Single-Family 75.1
Townhomes 10.8
Small Apt. Buildings 7.3
Apt. Complexes 6.5
Mobile Homes 0.0
Other 0.2

Home Size

SIZE OF Avon HOMES
No Bedroom 0.79
1 Bedroom 5.64
2 Bedrooms 18.71
3 Bedrooms 34.94
4 Bedrooms 37.01
5 or more bedrooms 2.91

Avon Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
13.42% 0.74% 5 1
* 10 is highest