Madeira, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Madeira Neighborhoods Since 2000




Madeira, 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

Madeira Housing Market Information

With 8,976 people, 3,325 houses or apartments, and a median cost of homes of $245,065, Madeira real estate is some of the most expensive in Ohio, although Madeira home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Madeira, accounting for 93.19% of the city's housing units. Other types of housing that are prevalent in Madeira include duplexes, homes converted to apartments or other small apartment buildings ( 3.17%), mobile homes or trailers ( 1.56%), and a few large apartment complexes or high rise apartments ( 1.14%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Madeira. Owner-occupied housing accounts for 85.53% of Madeira's homes, and 75.67% have either three or four bedrooms, which is average sized relative to America.

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. Madeira's housing was primarily built during this period, from the '40s through the '60s. A full 65.29% of the city's housing hails from this era. Other housing ages represented in Madeira include homes built before 1939 ( 14.85%) and housing constructed between 1970-1999 ( 14.50%). There's also some housing in Madeira built between 2000 and later ( 5.37%).

Madeira Home Appreciation Rates

In the last 10 years, Madeira has experienced some of the highest home appreciation rates of any community in the nation. Madeira real estate appreciated 15.08% over the last ten years, which is an average annual home appreciation rate of 1.41%, putting Madeira in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Madeira 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, Madeira's appreciation rate, at 4.57%, has been at or slightly above the national average. In the latest quarter, Madeira's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

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

Average Home Values

 

Median Home Value:
$245,065

Madeira, OH HOME PRICES

Value Range
> $1,160,000 0.8
$870,001 - $1,160,000 2.0
$580,001 - $870,000 5.3
$464,001 - $580,000 4.2
$348,001 - $464,000 10.2
$232,001 - $348,000 31.9
$116,001 - $232,000 36.6
$58,001 - $116,000 5.3
$0 - $58,000 3.6

Very High for OH
High for Nation

Value Relative to Nation Value Relative to State
23.2743466541662 8.00524934383202

Number Of Homes And Apartments:
3,325

Madeira 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
43.32% 2.11% 10 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,211 / per month

Homeownership Rate

Homeownership
Owners 85.53
Renters 14.47
Vacant 2.44

Housing Market Details

 

Age of Homes

AGE OF Madeira HOMES
2000 or Newer 5.4
1970 - 1999 14.5
1940 - 1969 65.3
1939 or Older 14.8

Types of Homes

TYPE OF Madeira HOMES
Single-Family 93.2
Townhomes 0.9
Small Apt. Buildings 3.2
Apt. Complexes 1.1
Mobile Homes 1.6
Other 0.0

Home Size

SIZE OF Madeira HOMES
No Bedroom 0.00
1 Bedroom 2.02
2 Bedrooms 17.05
3 Bedrooms 41.96
4 Bedrooms 33.71
5 or more bedrooms 5.25