Mogadore, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Mogadore Neighborhoods Since 2000




Mogadore, 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

Mogadore Housing Market Information

With 3,909 people, 1,327 houses or apartments, and a median cost of homes of $120,687, house prices in Mogadore are solidly below the national average.

Single-family detached homes are the single most common housing type in Mogadore, accounting for 87.35% of the village's housing units. Other types of housing that are prevalent in Mogadore include large apartment complexes or high rise apartments ( 7.23%), duplexes, homes converted to apartments or other small apartment buildings ( 4.86%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mogadore. Owner-occupied housing accounts for 80.21% of Mogadore's homes, and 73.52% 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. Mogadore's housing was primarily built during this period, from the '40s through the '60s. A full 55.18% of the village's housing hails from this era. Other housing ages represented in Mogadore include homes built between 1970-1999 ( 31.62%) and housing constructed before 1939 ( 11.12%). There's also some housing in Mogadore built between 2000 and later ( 2.08%).

Mogadore Home Appreciation Rates

Real estate appreciation rates in Mogadore's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.62% during the period.

Over the last year, Mogadore appreciation rates have trailed the rest of the nation. In the last twelve months, Mogadore's appreciation rate has been 2.96%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mogadore were at 0.81%, which equates to an annual appreciation rate of 3.28%.

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

Average Home Values

 

Median Home Value:
$120,687

Mogadore, OH HOME PRICES

Value Range
> $1,090,000 0.1
$817,001 - $1,090,000 0.0
$545,001 - $817,000 0.6
$436,001 - $545,000 0.0
$327,001 - $436,000 1.9
$218,001 - $327,000 7.7
$109,001 - $218,000 60.3
$55,001 - $109,000 26.0
$0 - $55,000 3.4

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
65.0064455642799 62.4671916010499

Number Of Homes And Apartments:
1,327

Mogadore 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
0.32% 0.02% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$835 / per month

Homeownership Rate

Homeownership
Owners 80.21
Renters 19.79
Vacant 7.78

Housing Market Details

 

Age of Homes

AGE OF Mogadore HOMES
2000 or Newer 2.1
1970 - 1999 31.6
1940 - 1969 55.2
1939 or Older 11.1

Types of Homes

TYPE OF Mogadore HOMES
Single-Family 87.4
Townhomes 0.6
Small Apt. Buildings 4.9
Apt. Complexes 7.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Mogadore HOMES
No Bedroom 0.00
1 Bedroom 2.57
2 Bedrooms 21.68
3 Bedrooms 62.75
4 Bedrooms 10.77
5 or more bedrooms 2.22