Stow, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Stow, OH Real Estate Data


Stow Housing Market Information

With a population of 34,797, 13,978 total housing units (homes and apartments), and a median house value of $190,880, Stow real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Stow, accounting for 60.76% of the city's housing units. Other types of housing that are prevalent in Stow include large apartment complexes or high rise apartments ( 21.40%), row houses and other attached homes ( 11.59%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.41%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Stow. Owner-occupied housing accounts for 70.08% of Stow's homes, and 59.06% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Stow 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 Stow built between 1940-1969 ( 27.57%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.15%). There's also some housing in Stow built before 1939 ( 3.52%).

Stow Home Appreciation Rates

Real estate appreciation rates in Stow's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.02% during the period.

Appreciation rates are so strong in Stow that despite a nationwide downturn in the housing market, Stow real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Stow appreciation rates continue to be some of the highest in America, at 5.99%, which is higher than appreciation rates in 74.08% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Stow. Stow appreciation rates in the latest quarter were at 1.68%, which equates to an annual appreciation rate of 6.91%.

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

Average Home Values

 

Median Home Value:
$190,880

Stow, OH HOME PRICES

Value Range
> $1,125,000 0.1
$844,001 - $1,125,000 0.3
$562,001 - $844,000 0.3
$450,001 - $562,000 1.3
$337,001 - $450,000 3.0
$225,001 - $337,000 22.3
$112,001 - $225,000 58.3
$56,001 - $112,000 9.9
$0 - $56,000 4.5

Very High for OH
High for Nation

Value Relative to Nation Value Relative to State
35.4453358318206 17.3228346456693

Number Of Homes And Apartments:
13,978

Rent & Ownership

 

Average Market Rent:
$1,079 / per month

Homeownership Rate

Homeownership
Owners 70.08
Renters 29.92
Vacant 6.40

Housing Market Details

 

Age of Homes

AGE OF Stow HOMES
2000 or Newer 13.2
1970 - 1999 55.8
1940 - 1969 27.6
1939 or Older 3.5

Types of Homes

TYPE OF Stow HOMES
Single-Family 60.8
Townhomes 11.6
Small Apt. Buildings 5.4
Apt. Complexes 21.4
Mobile Homes 0.8
Other 0.1

Home Size

SIZE OF Stow HOMES
No Bedroom 1.80
1 Bedroom 9.58
2 Bedrooms 27.28
3 Bedrooms 33.20
4 Bedrooms 25.86
5 or more bedrooms 2.28

Stow Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
10.28% 0.58% 5 1
* 10 is highest