North Ridgeville, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

North Ridgeville Housing Market Information

With a population of 33,436, 12,381 total housing units (homes and apartments), and a median house value of $170,712, 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 85.15% of the city's housing units. Other types of housing that are prevalent in North Ridgeville include row houses and other attached homes ( 6.83%), large apartment complexes or high rise apartments ( 4.70%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.28%).

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 84.89% of North Ridgeville's homes, and 77.62% 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 ( 37.47%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.02%). There's also some housing in North Ridgeville built before 1939 ( 4.87%).

North Ridgeville Home Appreciation Rates

Real estate appreciation rates in North Ridgeville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 1.05% during the period.

NeighborhoodScout's data show that during the latest twelve months, North Ridgeville's appreciation rate, at 4.19%, has been at or slightly above the national average. In the latest quarter, North Ridgeville's appreciation rate has been -0.08%, which annualizes to a rate of -0.34%.

Relative to Ohio, our data show that North Ridgeville's latest annual appreciation rate is higher than 50% 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:
$170,712

North Ridgeville, OH HOME PRICES

Value Range
> $1,151,000 0.0
$864,001 - $1,151,000 0.1
$576,001 - $864,000 0.0
$460,001 - $576,000 0.4
$345,001 - $460,000 3.0
$230,001 - $345,000 27.9
$115,001 - $230,000 55.2
$58,001 - $115,000 9.0
$0 - $58,000 4.2

High for OH
Average for Nation

Value Relative to Nation Value Relative to State
48.0467153284672 34.251968503937

Number Of Homes And Apartments:
12,381

North Ridgeville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
13.63% 0.67%
3
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,651 / per month

Homeownership Rate

Homeownership
Owners 84.89
Renters 15.11
Vacant 4.57

Housing Market Details

 

Age of Homes

AGE OF North Ridgeville HOMES
2000 or Newer 37.5
1970 - 1999 37.6
1940 - 1969 20.0
1939 or Older 4.9

Types of Homes

TYPE OF North Ridgeville HOMES
Single-Family 85.2
Townhomes 6.8
Small Apt. Buildings 2.3
Apt. Complexes 4.7
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF North Ridgeville HOMES
No Bedroom 0.72
1 Bedroom 2.20
2 Bedrooms 17.43
3 Bedrooms 54.37
4 Bedrooms 23.25
5 or more bedrooms 2.03