Medina, 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 Q3 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 about Scout's Real Estate Data

Medina Housing Market Information

With 25,956 people, 10,441 houses or apartments, and a median cost of homes of $213,115, Medina real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Medina, accounting for 62.60% of the city's housing units. Other types of housing that are prevalent in Medina include large apartment complexes or high rise apartments ( 20.72%), row houses and other attached homes ( 7.63%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.42%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Medina. Owner-occupied housing accounts for 65.01% of Medina's homes, and 59.31% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Medina 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 Medina built between 1940-1969 ( 17.13%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.61%). There's also some housing in Medina built before 1939 ( 10.29%).

Medina Home Appreciation Rates

Real estate appreciation rates in Medina's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.33% during the period.

NeighborhoodScout's data show that during the latest twelve months, Medina's appreciation rate, at 4.86%, has been at or slightly above the national average. In the latest quarter, Medina's appreciation rate has been 1.99%, which annualizes to a rate of 8.19%.

Importantly, this makes Medina one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Medina differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Medina - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Medina real estate investment or home purchase decisions.

Average Home Values

 
info

Median Home Value:
$213,115

Medina, OH HOME PRICES

> $1,183,000
0.3%
0.3%
$887,001 - $1,183,000
0.0%
0.0%
$592,001 - $887,000
0.4%
0.4%
$474,001 - $592,000
1.1%
1.1%
$355,001 - $474,000
4.4%
4.4%
$237,001 - $355,000
31.8%
31.8%
$118,001 - $237,000
51.9%
51.9%
$59,001 - $118,000
6.9%
6.9%
$0 - $59,000
3.1%
3.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

High for OH

Value Relative To Nation

Number Of Homes And Apartments:
10,441

Medina Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
25.79% 1.11%
4
1
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,008 / per month

Homeownership Rate

Owners
65.0%
65.0%
Renters
35.0%
35.0%
Vacant
5.0%
5.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
10.6%
10.6%
1970 - 1999
62.0%
62.0%
1940 - 1969
17.1%
17.1%
1939 or Older
10.3%
10.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
62.6%
62.6%
Townhomes
7.6%
7.6%
Small Apt. Buildings
7.4%
7.4%
Apt. Complexes
20.7%
20.7%
Mobile Homes
1.6%
1.6%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.8%
2.8%
1 Bedroom
10.2%
10.2%
2 Bedrooms
24.7%
24.7%
3 Bedrooms
32.5%
32.5%
4 Bedrooms
26.8%
26.8%
5 or more bedrooms
2.9%
2.9%
0.0% 100.0%
% OF HOMES