Chardon, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Chardon Neighborhoods Since 2000




Chardon, OH Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Chardon Housing Market Information

With 5,160 people, 2,238 houses or apartments, and a median cost of homes of $185,844, Chardon real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Chardon, accounting for 65.68% of the city's housing units. Other types of housing that are prevalent in Chardon include large apartment complexes or high rise apartments ( 21.85%), duplexes, homes converted to apartments or other small apartment buildings ( 8.67%), and a few row houses and other attached homes ( 3.80%).

The most prevalent building size and type in Chardon are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.17% owning and 41.83% renting.

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. Chardon's housing was primarily built during this period, from the '40s through the '60s. A full 35.77% of the city's housing hails from this era. Other housing ages represented in Chardon include homes built between 1970-1999 ( 30.03%) and housing constructed before 1939 ( 26.06%). There's also some housing in Chardon built between 2000 and later ( 8.14%).

Chardon Home Appreciation Rates

Chardon's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Chardon during the period has been just -1.43%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Chardon's appreciation rate, at 3.85%, has been at or slightly above the national average. In the latest quarter, Chardon's appreciation rate has been -0.21%, which annualizes to a rate of -0.82%.

Relative to Ohio, our data show that Chardon's latest annual appreciation rate is higher than 60% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$185,844

Chardon, OH HOME PRICES

Value Range
> $1,081,000 0.0
$811,001 - $1,081,000 0.0
$541,001 - $811,000 0.0
$432,001 - $541,000 1.0
$325,001 - $432,000 2.7
$216,001 - $325,000 26.3
$108,001 - $216,000 57.9
$54,001 - $108,000 9.9
$0 - $54,000 2.2

Very High for OH
High for Nation

Value Relative to Nation Value Relative to State
36.1127387788585 17.8477690288714

Number Of Homes And Apartments:
2,238

Chardon Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
3.25% 0.19% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$910 / per month

Homeownership Rate

Homeownership
Owners 58.17
Renters 41.83
Vacant 7.56

Housing Market Details

 

Age of Homes

AGE OF Chardon HOMES
2000 or Newer 8.1
1970 - 1999 30.0
1940 - 1969 35.8
1939 or Older 26.1

Types of Homes

TYPE OF Chardon HOMES
Single-Family 65.7
Townhomes 3.8
Small Apt. Buildings 8.7
Apt. Complexes 21.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Chardon HOMES
No Bedroom 2.35
1 Bedroom 14.58
2 Bedrooms 30.36
3 Bedrooms 26.89
4 Bedrooms 24.66
5 or more bedrooms 1.16