Hilliard, OH Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Hilliard, OH Housing Market Trends

With 36,534 people, 13,817 houses or apartments, and a median cost of homes of $311,431, 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 64.57% of the city's housing units. Other types of housing that are prevalent in Hilliard include large apartment complexes or high rise apartments ( 16.49%), row houses and other attached homes ( 11.64%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.31%).

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 70.32% of Hilliard's homes, and 68.56% 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 ( 30.02%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.58%). There's also some housing in Hilliard built before 1939 ( 1.23%).

Hilliard Home Appreciation Rates

Appreciation rates for homes in Hilliard have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 49.18%, which ranks in the top 30% nationwide. This equates to an annual average Hilliard house appreciation rate of 4.08%.

Appreciation rates are so strong in Hilliard that despite a nationwide downturn in the housing market, Hilliard real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hilliard appreciation rates continue to be some of the highest in America, at 6.54%, which is higher than appreciation rates in 76.23% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hilliard. Hilliard appreciation rates in the latest quarter were at 2.52%, which equates to an annual appreciation rate of 10.46%.

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

Average Home Values

 

Median Home Value:
$311,431

Hilliard, OH HOME PRICES

> $1,208,000
0.2%
0.2%
$906,001 - $1,208,000
0.3%
0.3%
$604,001 - $906,000
1.1%
1.1%
$483,001 - $604,000
4.5%
4.5%
$362,001 - $483,000
17.8%
17.8%
$242,001 - $362,000
38.9%
38.9%
$121,001 - $242,000
31.3%
31.3%
$60,001 - $121,000
5.3%
5.3%
$0 - $60,000
0.6%
0.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for OH

Value Relative To Nation

Number Of Homes And Apartments:
13,817

Hilliard Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
69.48% 2.54%
10
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,535 / per month

Homeownership Rate

Owners
70.3%
70.3%
Renters
29.7%
29.7%
Vacant
3.0%
3.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
30.0%
30.0%
1970 - 1999
56.2%
56.2%
1940 - 1969
12.6%
12.6%
1939 or Older
1.2%
1.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
64.6%
64.6%
Townhomes
11.6%
11.6%
Small Apt. Buildings
7.3%
7.3%
Apt. Complexes
16.5%
16.5%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.5%
1.5%
1 Bedroom
8.2%
8.2%
2 Bedrooms
18.2%
18.2%
3 Bedrooms
37.2%
37.2%
4 Bedrooms
31.4%
31.4%
5 or more bedrooms
3.6%
3.6%
0.0% 100.0%
% OF HOMES