Bedford, OH


Highest Appreciating Bedford Neighborhoods Since 2000

Bedford, OH Real Estate Data

Bedford Housing Market Information

With a population of 12,747, 5,826 total housing units (homes and apartments), and a median house value of $103,663, house prices in Bedford are solidly below the national average.

Single-family detached homes are the single most common housing type in Bedford, accounting for 58.04% of the city's housing units. Other types of housing that are prevalent in Bedford include large apartment complexes or high rise apartments ( 28.17%), duplexes, homes converted to apartments or other small apartment buildings ( 7.96%), and a few row houses and other attached homes ( 5.10%).

People in Bedford primarily live in small (one, two or no bedroom) single-family detached homes. Bedford has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Bedford's housing was primarily built during this period, from the '40s through the '60s. A full 52.96% of the city's housing hails from this era. Other housing ages represented in Bedford include homes built before 1939 ( 22.85%) and housing constructed between 1970-1999 ( 22.29%). There's also some housing in Bedford built between 2000 and later ( 1.90%).

Vacant housing appears to be an issue in Bedford. Fully 16.60% of the housing stock is classified as vacant. Left unchecked, vacant Bedford homes and apartments can be a drag on the real estate market, holding Bedford real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Bedford Home Appreciation Rates

Homes have actually lost value in Bedford over the last then years, as home values have seen a decline of 21.48% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Bedford home appreciation rates at 3.30%, which equates to an annual appreciation rate of 13.87%.

NeighborhoodScout's data show that during the latest twelve months, Bedford's appreciation rate, at 4.64%, has been at or slightly above the national average. In the latest quarter, Bedford's appreciation rate has been 3.30%, which annualizes to a rate of 13.87%.

Importantly, this makes Bedford 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 Bedford's latest annual appreciation rate is lower than 60% of the other cities and towns in Ohio.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Bedford differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bedford - 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 2000, to assist you in making the best Bedford real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,121,000 0.3
$841,001 - $1,121,000 0.0
$560,001 - $841,000 0.0
$448,001 - $560,000 0.3
$336,001 - $448,000 0.0
$224,001 - $336,000 2.7
$112,001 - $224,000 30.6
$56,001 - $112,000 57.3
$0 - $56,000 8.8

Very Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
76.465421326931 80.3149606299213

Number Of Homes And Apartments:

Rent & Ownership


Average Market Rent:
$1,001 / per month

Homeownership Rate

Owners 51.90
Renters 48.10
Vacant 16.60

Housing Market Details


Age of Homes

2000 or Newer 1.9
1970 - 1999 22.3
1940 - 1969 53.0
1939 or Older 22.8

Types of Homes

Single-Family 58.0
Townhomes 5.1
Small Apt. Buildings 8.0
Apt. Complexes 28.2
Mobile Homes 0.7
Other 0.0

Home Size

No Bedroom 5.04
1 Bedroom 14.31
2 Bedrooms 33.08
3 Bedrooms 36.46
4 Bedrooms 10.59
5 or more bedrooms 0.52

Bedford Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
-9.44% -0.58% 1 1
* 10 is highest