Sylvania, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Sylvania Neighborhoods Since 2000




Sylvania, 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

Sylvania Housing Market Information

With a population of 18,965, 7,511 total housing units (homes and apartments), and a median house value of $206,954, Sylvania real estate is some of the most expensive in Ohio, although Sylvania home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Sylvania, accounting for 65.10% of the city's housing units. Other types of housing that are prevalent in Sylvania include large apartment complexes or high rise apartments ( 19.95%), row houses and other attached homes ( 8.58%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.97%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sylvania. Owner-occupied housing accounts for 68.60% of Sylvania's homes, and 59.97% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Sylvania 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 Sylvania built between 1940-1969 ( 33.88%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.19%). There's also some housing in Sylvania built before 1939 ( 6.34%).

Sylvania Home Appreciation Rates

Real estate appreciation rates in Sylvania's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.60% during the period.

Over the last year, Sylvania appreciation rates have trailed the rest of the nation. In the last twelve months, Sylvania's appreciation rate has been 2.88%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sylvania were at 0.12%, which equates to an annual appreciation rate of 0.47%.

Relative to Ohio, our data show that Sylvania's latest annual appreciation rate is lower than 50% 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 Sylvania differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sylvania - 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 Sylvania real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$206,954

Sylvania, OH HOME PRICES

Value Range
> $1,112,000 0.0
$834,001 - $1,112,000 0.5
$556,001 - $834,000 1.0
$445,001 - $556,000 1.4
$334,001 - $445,000 3.9
$222,001 - $334,000 27.1
$111,001 - $222,000 51.4
$56,001 - $111,000 9.9
$0 - $56,000 4.8

Very High for OH
High for Nation

Value Relative to Nation Value Relative to State
30.5226766670573 13.5170603674541

Number Of Homes And Apartments:
7,511

Sylvania 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
0.47% 0.03% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$946 / per month

Homeownership Rate

Homeownership
Owners 68.60
Renters 31.40
Vacant 4.57

Housing Market Details

 

Age of Homes

AGE OF Sylvania HOMES
2000 or Newer 10.2
1970 - 1999 49.6
1940 - 1969 33.9
1939 or Older 6.3

Types of Homes

TYPE OF Sylvania HOMES
Single-Family 65.1
Townhomes 8.6
Small Apt. Buildings 6.0
Apt. Complexes 19.9
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Sylvania HOMES
No Bedroom 1.37
1 Bedroom 8.88
2 Bedrooms 24.51
3 Bedrooms 31.66
4 Bedrooms 28.31
5 or more bedrooms 5.27