Reynoldsburg, OH Real Estate Market

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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Reynoldsburg, OH Housing Market Trends

With 38,327 people, 14,470 houses or apartments, and a median cost of homes of $199,192, 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 63.11% of the city's housing units. Other types of housing that are prevalent in Reynoldsburg include large apartment complexes or high rise apartments ( 20.71%), duplexes, homes converted to apartments or other small apartment buildings ( 7.74%), and a few row houses and other attached homes ( 6.53%).

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 62.60% owning and 37.40% 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 ( 23.66%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.13%). There's also some housing in Reynoldsburg built before 1939 ( 1.92%).

Reynoldsburg Home Appreciation Rates

In the last 10 years, Reynoldsburg has experienced some of the highest home appreciation rates of any community in the nation. Reynoldsburg real estate appreciated 62.32% over the last ten years, which is an average annual home appreciation rate of 4.96%, putting Reynoldsburg in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Reynoldsburg definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 8.41%, which is higher than appreciation rates in 78.81% 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 1.95%, which equates to an annual appreciation rate of 8.01%.

Relative to Ohio, our data show that Reynoldsburg's latest annual appreciation rate is higher than 70% 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:
$199,192

Reynoldsburg, OH HOME PRICES

> $1,308,000
0.2%
0.2%
$981,001 - $1,308,000
0.0%
0.0%
$654,001 - $981,000
0.0%
0.0%
$523,001 - $654,000
0.1%
0.1%
$392,001 - $523,000
3.2%
3.2%
$262,001 - $392,000
23.5%
23.5%
$131,001 - $262,000
57.8%
57.8%
$65,001 - $131,000
10.9%
10.9%
$0 - $65,000
4.2%
4.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

High for OH

Value Relative To Nation

Number Of Homes And Apartments:
14,470

Reynoldsburg Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
52.39% 2.00%
8
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,359 / per month

Homeownership Rate

Owners
62.6%
62.6%
Renters
37.4%
37.4%
Vacant
6.2%
6.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
17.1%
17.1%
1970 - 1999
57.3%
57.3%
1940 - 1969
23.7%
23.7%
1939 or Older
1.9%
1.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
63.1%
63.1%
Townhomes
6.5%
6.5%
Small Apt. Buildings
7.7%
7.7%
Apt. Complexes
20.7%
20.7%
Mobile Homes
1.9%
1.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.6%
1.6%
1 Bedroom
7.5%
7.5%
2 Bedrooms
23.5%
23.5%
3 Bedrooms
38.7%
38.7%
4 Bedrooms
26.5%
26.5%
5 or more bedrooms
2.2%
2.2%
0.0% 100.0%
% OF HOMES