North Ridgeville, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating North Ridgeville Neighborhoods Since 2000




North Ridgeville, 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

North Ridgeville Housing Market Information

With 32,483 people, 12,195 houses or apartments, and a median cost of homes of $154,959, 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 85.11% of the city's housing units. Other types of housing that are prevalent in North Ridgeville include row houses and other attached homes ( 7.48%), large apartment complexes or high rise apartments ( 4.28%), and a few mobile homes or trailers ( 2.04%).

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 85.49% of North Ridgeville's homes, and 76.52% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in North Ridgeville 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 North Ridgeville built between 2000 and later ( 34.48%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.88%). There's also some housing in North Ridgeville built before 1939 ( 4.16%).

North Ridgeville Home Appreciation Rates

North Ridgeville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in North Ridgeville during the period has been just -0.96%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, North Ridgeville's appreciation rate, at 3.72%, has been at or slightly above the national average. In the latest quarter, North Ridgeville's appreciation rate has been -0.21%, which annualizes to a rate of -0.82%.

Relative to Ohio, our data show that North Ridgeville's latest annual appreciation rate is higher than 60% 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:
$154,959

North Ridgeville, OH HOME PRICES

Value Range
> $1,083,000 0.3
$812,001 - $1,083,000 0.1
$542,001 - $812,000 0.0
$433,001 - $542,000 0.5
$325,001 - $433,000 1.5
$217,001 - $325,000 24.2
$108,001 - $217,000 58.1
$54,001 - $108,000 10.1
$0 - $54,000 5.2

High for OH
Average for Nation

Value Relative to Nation Value Relative to State
47.9315598265557 34.3832020997375

Number Of Homes And Apartments:
12,195

North Ridgeville 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
0.06% 0.00% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,278 / per month

Homeownership Rate

Homeownership
Owners 85.49
Renters 14.51
Vacant 5.17

Housing Market Details

 

Age of Homes

AGE OF North Ridgeville HOMES
2000 or Newer 34.5
1970 - 1999 37.5
1940 - 1969 23.9
1939 or Older 4.2

Types of Homes

TYPE OF North Ridgeville HOMES
Single-Family 85.1
Townhomes 7.5
Small Apt. Buildings 1.1
Apt. Complexes 4.3
Mobile Homes 2.0
Other 0.0

Home Size

SIZE OF North Ridgeville HOMES
No Bedroom 1.10
1 Bedroom 2.23
2 Bedrooms 17.81
3 Bedrooms 55.54
4 Bedrooms 20.97
5 or more bedrooms 2.33