North Ridgeville, 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 Q2 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

North Ridgeville, OH Housing Market Trends

With a population of 34,392, 12,906 total housing units (homes and apartments), and a median house value of $182,593, North Ridgeville real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in North Ridgeville, accounting for 85.18% of the city's housing units. Other types of housing that are prevalent in North Ridgeville include row houses and other attached homes ( 5.58%), large apartment complexes or high rise apartments ( 5.27%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.84%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in North Ridgeville. Owner-occupied housing accounts for 86.71% of North Ridgeville's homes, and 76.07% have either three or four bedrooms, which is average sized relative to America.

North Ridgeville homes and real estate are some of the newest in America. 41.75% of North Ridgeville's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the North Ridgeville real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 36.79%), and between 1940-1969 ( 17.92%). There's also some housing in North Ridgeville built before 1939 ( 3.55%).

North Ridgeville Home Appreciation Rates

Appreciation rates for homes in North Ridgeville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 45.11%, which ranks in the top 50% nationwide. This equates to an annual average North Ridgeville house appreciation rate of 3.79%.

NeighborhoodScout's data show that during the latest twelve months, North Ridgeville's appreciation rate, at 8.66%, has been at or slightly above the national average. In the latest quarter, North Ridgeville's appreciation rate has been 2.23%, which annualizes to a rate of 9.20%.

Relative to Ohio, our data show that North Ridgeville's latest annual appreciation rate is lower 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 North Ridgeville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in North Ridgeville - 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 North Ridgeville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$182,593

North Ridgeville, OH HOME PRICES

> $1,214,000
0.1%
0.1%
$910,001 - $1,214,000
0.1%
0.1%
$607,001 - $910,000
0.7%
0.7%
$485,001 - $607,000
0.6%
0.6%
$364,001 - $485,000
4.2%
4.2%
$243,001 - $364,000
31.2%
31.2%
$122,001 - $243,000
53.0%
53.0%
$61,001 - $122,000
7.6%
7.6%
$0 - $61,000
2.5%
2.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Average for OH

Value Relative To Nation

Number Of Homes And Apartments:
12,906

North Ridgeville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
34.03% 1.37%
3
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,895 / per month

Homeownership Rate

Owners
86.7%
86.7%
Renters
13.3%
13.3%
Vacant
3.5%
3.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
41.7%
41.7%
1970 - 1999
36.8%
36.8%
1940 - 1969
17.9%
17.9%
1939 or Older
3.5%
3.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
85.2%
85.2%
Townhomes
5.6%
5.6%
Small Apt. Buildings
2.8%
2.8%
Apt. Complexes
5.3%
5.3%
Mobile Homes
1.1%
1.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.3%
0.3%
1 Bedroom
2.7%
2.7%
2 Bedrooms
19.2%
19.2%
3 Bedrooms
49.9%
49.9%
4 Bedrooms
26.1%
26.1%
5 or more bedrooms
1.8%
1.8%
0.0% 100.0%
% OF HOMES