Macedonia, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Macedonia Neighborhoods Since 2000




Macedonia, 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

Macedonia Housing Market Information

With 11,686 people, 4,405 houses or apartments, and a median cost of homes of $231,193, Macedonia real estate is some of the most expensive in Ohio, although Macedonia home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Macedonia, accounting for 89.16% of the city's housing units. Other types of housing that are prevalent in Macedonia include row houses and other attached homes ( 7.18%), large apartment complexes or high rise apartments ( 2.70%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Macedonia. Owner-occupied housing accounts for 90.98% of Macedonia's homes, and 85.97% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Macedonia 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 Macedonia built between 1940-1969 ( 29.36%). A lesser amount of the housing stock also hails from between 2000 and later ( 28.23%). There's also some housing in Macedonia built before 1939 ( 3.63%).

Macedonia Home Appreciation Rates

Real estate appreciation rates in Macedonia's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.77% during the period.

NeighborhoodScout's data show that during the latest twelve months, Macedonia's appreciation rate, at 3.20%, has been at or slightly above the national average. In the latest quarter, Macedonia's appreciation rate has been 0.81%, which annualizes to a rate of 3.28%.

Relative to Ohio, our data show that Macedonia's latest annual appreciation rate is higher than 50% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$231,193

Macedonia, OH HOME PRICES

Value Range
> $1,093,000 0.6
$819,001 - $1,093,000 0.0
$547,001 - $819,000 0.0
$437,001 - $547,000 1.7
$328,001 - $437,000 11.7
$218,001 - $328,000 34.3
$110,001 - $218,000 45.7
$55,001 - $110,000 2.0
$0 - $55,000 4.0

Very High for OH
High for Nation

Value Relative to Nation Value Relative to State
25.6474862299309 9.31758530183727

Number Of Homes And Apartments:
4,405

Macedonia 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
4.56% 0.26% 4 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$936 / per month

Homeownership Rate

Homeownership
Owners 90.98
Renters 9.02
Vacant 2.39

Housing Market Details

 

Age of Homes

AGE OF Macedonia HOMES
2000 or Newer 28.2
1970 - 1999 38.8
1940 - 1969 29.4
1939 or Older 3.6

Types of Homes

TYPE OF Macedonia HOMES
Single-Family 89.2
Townhomes 7.2
Small Apt. Buildings 1.0
Apt. Complexes 2.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Macedonia HOMES
No Bedroom 0.00
1 Bedroom 2.13
2 Bedrooms 7.09
3 Bedrooms 53.47
4 Bedrooms 32.51
5 or more bedrooms 4.81