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 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

Reynoldsburg Housing Market Information

With a population of 37,847, 14,478 total housing units (homes and apartments), and a median house value of $190,319, 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 63.44% of the city's housing units. Other types of housing that are prevalent in Reynoldsburg include large apartment complexes or high rise apartments ( 20.22%), duplexes, homes converted to apartments or other small apartment buildings ( 8.41%), and a few row houses and other attached homes ( 5.43%).

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 61.03% owning and 38.97% 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 ( 23.32%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.51%). There's also some housing in Reynoldsburg built before 1939 ( 2.31%).

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 24.88%, which ranks in the top 30% nationwide. This equates to an annual average Reynoldsburg house appreciation rate of 2.25%.

Appreciation rates are so strong in Reynoldsburg that despite a nationwide downturn in the housing market, Reynoldsburg real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Reynoldsburg appreciation rates continue to be some of the highest in America, at 8.27%, which is higher than appreciation rates in 83.78% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Reynoldsburg. Reynoldsburg appreciation rates in the latest quarter were at 0.71%, which equates to an annual appreciation rate of 2.85%.

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:
$190,319

Reynoldsburg, OH HOME PRICES

Value Range
> $1,299,000 0.1
$974,001 - $1,299,000 0.0
$649,001 - $974,000 0.0
$519,001 - $649,000 0.0
$390,001 - $519,000 1.8
$260,001 - $390,000 17.1
$130,001 - $260,000 60.4
$65,001 - $130,000 14.5
$0 - $65,000 6.0

High for OH
Average for Nation

Value Relative to Nation Value Relative to State
40.8817518248175 23.490813648294

Number Of Homes And Apartments:
14,478

Reynoldsburg 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
31.49% 1.43%
7
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,234 / per month

Homeownership Rate

Homeownership
Owners 61.03
Renters 38.97
Vacant 5.07

Housing Market Details

 

Age of Homes

AGE OF Reynoldsburg HOMES
2000 or Newer 15.5
1970 - 1999 58.9
1940 - 1969 23.3
1939 or Older 2.3

Types of Homes

TYPE OF Reynoldsburg HOMES
Single-Family 63.4
Townhomes 5.4
Small Apt. Buildings 8.4
Apt. Complexes 20.2
Mobile Homes 2.5
Other 0.0

Home Size

SIZE OF Reynoldsburg HOMES
No Bedroom 0.94
1 Bedroom 8.36
2 Bedrooms 22.72
3 Bedrooms 39.57
4 Bedrooms 26.34
5 or more bedrooms 2.06