Northfield, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Northfield Neighborhoods Since 2000




Northfield, 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

Northfield Housing Market Information

With 3,637 people, 1,484 houses or apartments, and a median cost of homes of $144,053, Northfield 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 Northfield, accounting for 71.77% of the village's housing units. Other types of housing that are prevalent in Northfield include large apartment complexes or high rise apartments ( 20.90%), row houses and other attached homes ( 4.50%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.83%).

The most prevalent building size and type in Northfield are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 61.59% owning and 38.41% renting.

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. Northfield's housing was primarily built during this period, from the '40s through the '60s. A full 65.21% of the village's housing hails from this era. Other housing ages represented in Northfield include homes built between 1970-1999 ( 18.52%) and housing constructed before 1939 ( 8.23%). There's also some housing in Northfield built between 2000 and later ( 8.04%).

Northfield Home Appreciation Rates

Northfield's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Northfield during the period has been just -0.93%, which is lower than 70% of US communities.

Over the last year, Northfield appreciation rates have trailed the rest of the nation. In the last twelve months, Northfield's appreciation rate has been 0.41%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Northfield were at 0.81%, which equates to an annual appreciation rate of 3.28%.

Relative to Ohio, our data show that Northfield's latest annual appreciation rate is lower than 80% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$144,053

Northfield, OH HOME PRICES

Value Range
> $1,078,000 0.0
$809,001 - $1,078,000 0.0
$539,001 - $809,000 0.0
$432,001 - $539,000 2.4
$324,001 - $432,000 4.7
$216,001 - $324,000 8.8
$108,001 - $216,000 70.6
$54,001 - $108,000 11.1
$0 - $54,000 2.3

Average for OH
Average for Nation

Value Relative to Nation Value Relative to State
52.7129966014297 41.994750656168

Number Of Homes And Apartments:
1,484

Northfield 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
7.59% 0.42% 5 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$790 / per month

Homeownership Rate

Homeownership
Owners 61.59
Renters 38.41
Vacant 4.57

Housing Market Details

 

Age of Homes

AGE OF Northfield HOMES
2000 or Newer 8.0
1970 - 1999 18.5
1940 - 1969 65.2
1939 or Older 8.2

Types of Homes

TYPE OF Northfield HOMES
Single-Family 71.8
Townhomes 4.5
Small Apt. Buildings 2.8
Apt. Complexes 20.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Northfield HOMES
No Bedroom 1.54
1 Bedroom 4.37
2 Bedrooms 25.27
3 Bedrooms 53.38
4 Bedrooms 14.92
5 or more bedrooms 0.51