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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Hilliard Housing Market Information

With 36,414 people, 13,171 houses or apartments, and a median cost of homes of $280,936, 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 68.70% of the city's housing units. Other types of housing that are prevalent in Hilliard include large apartment complexes or high rise apartments ( 12.83%), row houses and other attached homes ( 11.73%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.74%).

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 73.73% of Hilliard's homes, and 71.14% 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 ( 26.06%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.32%). There's also some housing in Hilliard built before 1939 ( 1.12%).

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 43.94%, which ranks in the top 30% nationwide. This equates to an annual average Hilliard house appreciation rate of 3.71%.

NeighborhoodScout's data show that during the latest twelve months, Hilliard's appreciation rate, at 4.83%, has been at or slightly above the national average. In the latest quarter, Hilliard's appreciation rate has been 1.00%, which annualizes to a rate of 4.06%.

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

Average Home Values

 

Median Home Value:
$280,936

Hilliard, OH HOME PRICES

Value Range
> $1,212,000 0.2
$909,001 - $1,212,000 0.2
$606,001 - $909,000 0.9
$485,001 - $606,000 3.2
$363,001 - $485,000 15.8
$242,001 - $363,000 37.0
$121,001 - $242,000 35.9
$61,001 - $121,000 5.7
$0 - $61,000 1.2

Very High for OH
High for Nation

Value Relative to Nation Value Relative to State
23.5620437956204 8.13648293963255

Number Of Homes And Apartments:
13,171

Hilliard Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
Since 2000:
2000 Q1 - 2020 Q1
61.41% 2.39%
10
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,477 / per month

Homeownership Rate

Homeownership
Owners 73.73
Renters 26.27
Vacant 2.41

Housing Market Details

 

Age of Homes

AGE OF Hilliard HOMES
2000 or Newer 26.1
1970 - 1999 57.5
1940 - 1969 15.3
1939 or Older 1.1

Types of Homes

TYPE OF Hilliard HOMES
Single-Family 68.7
Townhomes 11.7
Small Apt. Buildings 6.7
Apt. Complexes 12.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Hilliard HOMES
No Bedroom 1.16
1 Bedroom 6.65
2 Bedrooms 17.57
3 Bedrooms 38.49
4 Bedrooms 32.65
5 or more bedrooms 3.48