North Royalton, 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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

North Royalton Housing Market Information

With 30,068 people, 12,657 houses or apartments, and a median cost of homes of $251,071, North Royalton real estate is some of the most expensive in Ohio, although North Royalton home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in North Royalton, accounting for 64.30% of the city's housing units. Other types of housing that are prevalent in North Royalton include large apartment complexes or high rise apartments ( 27.03%), row houses and other attached homes ( 6.33%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.31%).

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 Royalton. Owner-occupied housing accounts for 72.14% of North Royalton's homes, and 59.45% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in North Royalton 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 Royalton built between 1940-1969 ( 23.66%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.71%). There's also some housing in North Royalton built before 1939 ( 4.15%).

North Royalton Home Appreciation Rates

Real estate appreciation rates in North Royalton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.23% during the period.

NeighborhoodScout's data show that during the latest twelve months, North Royalton's appreciation rate, at 4.53%, has been at or slightly above the national average. In the latest quarter, North Royalton's appreciation rate has been 1.98%, which annualizes to a rate of 8.18%.

Importantly, this makes North Royalton one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

Average Home Values

 
info

Median Home Value:
$251,071

North Royalton, OH HOME PRICES

> $1,197,000
0.0%
0.0%
$898,001 - $1,197,000
0.1%
0.1%
$599,001 - $898,000
2.8%
2.8%
$479,001 - $599,000
4.2%
4.2%
$359,001 - $479,000
10.7%
10.7%
$239,001 - $359,000
32.0%
32.0%
$120,001 - $239,000
37.8%
37.8%
$60,001 - $120,000
8.3%
8.3%
$0 - $60,000
4.1%
4.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for OH

Value Relative To Nation

Number Of Homes And Apartments:
12,657

North Royalton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
24.63% 1.07%
4
1
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,097 / per month

Homeownership Rate

Owners
72.1%
72.1%
Renters
27.9%
27.9%
Vacant
4.3%
4.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
15.7%
15.7%
1970 - 1999
56.5%
56.5%
1940 - 1969
23.7%
23.7%
1939 or Older
4.1%
4.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
64.3%
64.3%
Townhomes
6.3%
6.3%
Small Apt. Buildings
2.3%
2.3%
Apt. Complexes
27.0%
27.0%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.1%
1.1%
1 Bedroom
10.7%
10.7%
2 Bedrooms
25.0%
25.0%
3 Bedrooms
30.7%
30.7%
4 Bedrooms
28.8%
28.8%
5 or more bedrooms
3.8%
3.8%
0.0% 100.0%
% OF HOMES