Reynoldsburg, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Reynoldsburg, 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 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

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

Reynoldsburg Housing Market Information

With a population of 37,449, 14,476 total housing units (homes and apartments), and a median house value of $190,249, Reynoldsburg 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 Reynoldsburg, accounting for 62.01% of the city's housing units. Other types of housing that are prevalent in Reynoldsburg include large apartment complexes or high rise apartments ( 21.80%), duplexes, homes converted to apartments or other small apartment buildings ( 8.97%), and a few row houses and other attached homes ( 4.61%).

The most prevalent building size and type in Reynoldsburg are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.80% owning and 41.20% renting.

There is a lot of housing in Reynoldsburg 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 Reynoldsburg built between 1940-1969 ( 24.03%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.13%). There's also some housing in Reynoldsburg built before 1939 ( 2.38%).

Reynoldsburg Home Appreciation Rates

Appreciation rates for homes in Reynoldsburg have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 21.72%, which ranks in the top 40% nationwide. This equates to an annual average Reynoldsburg house appreciation rate of 1.99%.

NeighborhoodScout's data show that during the latest twelve months, Reynoldsburg's appreciation rate, at 6.56%, has been at or slightly above the national average. In the latest quarter, Reynoldsburg's appreciation rate has been 3.63%, which annualizes to a rate of 15.32%.

Importantly, this makes Reynoldsburg 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 Reynoldsburg's latest annual appreciation rate is higher than 80% 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 Reynoldsburg differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Reynoldsburg - 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 Reynoldsburg real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$190,249

Reynoldsburg, OH HOME PRICES

Value Range
> $1,317,000 0.0
$988,001 - $1,317,000 0.0
$659,001 - $988,000 0.1
$527,001 - $659,000 0.1
$395,001 - $527,000 1.2
$263,001 - $395,000 12.9
$132,001 - $263,000 61.6
$66,001 - $132,000 19.3
$0 - $66,000 4.8

High for OH
Average for Nation

Value Relative to Nation Value Relative to State
40.2978102189781 23.490813648294

Number Of Homes And Apartments:
14,476

Reynoldsburg Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2018 Q2 - 2018 Q3
Last 12 Months:
2017 Q3 - 2018 Q3
Last 2 Years:
2016 Q3 - 2018 Q3
Last 5 Years:
2013 Q3 - 2018 Q3
Last 10 Years:
2008 Q3 - 2018 Q3
Since 2000:
2000 Q1 - 2018 Q3
26.20% 1.25%
6
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,253 / per month

Homeownership Rate

Homeownership
Owners 58.80
Renters 41.20
Vacant 4.63

Housing Market Details

 

Age of Homes

AGE OF Reynoldsburg HOMES
2000 or Newer 15.1
1970 - 1999 58.5
1940 - 1969 24.0
1939 or Older 2.4

Types of Homes

TYPE OF Reynoldsburg HOMES
Single-Family 62.0
Townhomes 4.6
Small Apt. Buildings 9.0
Apt. Complexes 21.8
Mobile Homes 2.6
Other 0.0

Home Size

SIZE OF Reynoldsburg HOMES
No Bedroom 0.76
1 Bedroom 7.97
2 Bedrooms 23.97
3 Bedrooms 41.62
4 Bedrooms 24.04
5 or more bedrooms 1.63