Hilliard, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Hilliard, 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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Hilliard Housing Market Information

With 35,939 people, 12,614 houses or apartments, and a median cost of homes of $285,233, Hilliard real estate is some of the most expensive in Ohio, although Hilliard home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Hilliard, accounting for 72.24% of the city's housing units. Other types of housing that are prevalent in Hilliard include row houses and other attached homes ( 10.89%), large apartment complexes or high rise apartments ( 10.59%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.28%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hilliard. Owner-occupied housing accounts for 75.46% of Hilliard's homes, and 74.25% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Hilliard 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 Hilliard built between 2000 and later ( 24.38%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.99%). There's also some housing in Hilliard built before 1939 ( 1.27%).

Hilliard Home Appreciation Rates

In the last 10 years, Hilliard has experienced some of the highest home appreciation rates of any community in the nation. Hilliard real estate appreciated 33.18% over the last ten years, which is an average annual home appreciation rate of 2.91%, putting Hilliard in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Hilliard definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Hilliard's appreciation rate, at 5.64%, has been at or slightly above the national average. In the latest quarter, Hilliard's appreciation rate has been 0.71%, which annualizes to a rate of 2.86%.

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

Average Home Values

 

Median Home Value:
$285,233

Hilliard, OH HOME PRICES

Value Range
> $1,232,000 0.0
$923,001 - $1,232,000 0.2
$615,001 - $923,000 1.1
$493,001 - $615,000 3.6
$369,001 - $493,000 18.0
$246,001 - $369,000 35.1
$123,001 - $246,000 36.0
$62,001 - $123,000 4.6
$0 - $62,000 1.4

Very High for OH
High for Nation

Value Relative to Nation Value Relative to State
21.0919708029197 7.08661417322835

Number Of Homes And Apartments:
12,614

Hilliard Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
54.98% 2.30%
10
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,408 / per month

Homeownership Rate

Homeownership
Owners 75.46
Renters 24.54
Vacant 1.77

Housing Market Details

 

Age of Homes

AGE OF Hilliard HOMES
2000 or Newer 24.4
1970 - 1999 57.4
1940 - 1969 17.0
1939 or Older 1.3

Types of Homes

TYPE OF Hilliard HOMES
Single-Family 72.2
Townhomes 10.9
Small Apt. Buildings 6.3
Apt. Complexes 10.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Hilliard HOMES
No Bedroom 0.48
1 Bedroom 6.27
2 Bedrooms 15.97
3 Bedrooms 40.23
4 Bedrooms 34.02
5 or more bedrooms 3.03