Mogadore, OH Real Estate Market

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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Mogadore, OH Housing Market Trends

With a population of 3,811, 1,301 total housing units (homes and apartments), and a median house value of $151,353, 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 87.64% of the village's housing units. Other types of housing that are prevalent in Mogadore include large apartment complexes or high rise apartments ( 9.84%), duplexes, homes converted to apartments or other small apartment buildings ( 1.30%), and a few row houses and other attached homes ( 1.22%).

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 77.19% of Mogadore's homes, and 71.85% 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 59.04% of the village's housing hails from this era. Other housing ages represented in Mogadore include homes built between 1970-1999 ( 26.01%) and housing constructed before 1939 ( 13.81%). There's also some housing in Mogadore built between 2000 and later ( 1.14%).

Mogadore Home Appreciation Rates

Appreciation rates for homes in Mogadore have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 49.09%, which ranks in the top 50% nationwide. This equates to an annual average Mogadore house appreciation rate of 4.07%.

NeighborhoodScout's data show that during the latest twelve months, Mogadore's appreciation rate, at 12.86%, has been at or slightly above the national average. In the latest quarter, Mogadore's appreciation rate has been 4.15%, which annualizes to a rate of 17.68%.

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

Average Home Values

 

Median Home Value:
$151,353

Mogadore, OH HOME PRICES

> $1,288,000
0.2%
0.2%
$966,001 - $1,288,000
0.0%
0.0%
$644,001 - $966,000
0.0%
0.0%
$515,001 - $644,000
0.1%
0.1%
$386,001 - $515,000
2.6%
2.6%
$258,001 - $386,000
7.4%
7.4%
$129,001 - $258,000
66.9%
66.9%
$64,001 - $129,000
19.6%
19.6%
$0 - $64,000
3.1%
3.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Low for OH

Value Relative To Nation

Number Of Homes And Apartments:
1,301

Mogadore Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2021 Q2 - 2021 Q3
Last 12 Months:
2020 Q3 - 2021 Q3
Last 2 Years:
2019 Q3 - 2021 Q3
Last 5 Years:
2016 Q3 - 2021 Q3
Last 10 Years:
2011 Q3 - 2021 Q3
Since 2000:
2000 Q1 - 2021 Q3
39.37% 1.54%
3
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,093 / per month

Homeownership Rate

Owners
77.2%
77.2%
Renters
22.8%
22.8%
Vacant
0.8%
0.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1.1%
1.1%
1970 - 1999
26.0%
26.0%
1940 - 1969
59.0%
59.0%
1939 or Older
13.8%
13.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
87.6%
87.6%
Townhomes
1.2%
1.2%
Small Apt. Buildings
1.3%
1.3%
Apt. Complexes
9.8%
9.8%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
3.1%
3.1%
2 Bedrooms
21.2%
21.2%
3 Bedrooms
58.1%
58.1%
4 Bedrooms
13.7%
13.7%
5 or more bedrooms
3.8%
3.8%
0.0% 100.0%
% OF HOMES