Tallmadge, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Tallmadge Neighborhoods Since 2000




Tallmadge, 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

Tallmadge Housing Market Information

With 17,512 people, 6,750 houses or apartments, and a median cost of homes of $174,970, Tallmadge real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Tallmadge, accounting for 74.29% of the city's housing units. Other types of housing that are prevalent in Tallmadge include large apartment complexes or high rise apartments ( 11.83%), row houses and other attached homes ( 7.90%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.09%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Tallmadge. Owner-occupied housing accounts for 76.32% of Tallmadge's homes, and 67.28% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Tallmadge's housing was primarily built during this period, from the '40s through the '60s. A full 45.51% of the city's housing hails from this era. Other housing ages represented in Tallmadge include homes built between 1970-1999 ( 36.95%) and housing constructed between 2000 and later ( 11.52%). There's also some housing in Tallmadge built before 1939 ( 6.01%).

Tallmadge Home Appreciation Rates

Real estate appreciation rates in Tallmadge's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.44% during the period.

NeighborhoodScout's data show that during the latest twelve months, Tallmadge's appreciation rate, at 3.60%, has been at or slightly above the national average. In the latest quarter, Tallmadge's appreciation rate has been 0.81%, which annualizes to a rate of 3.28%.

Relative to Ohio, our data show that Tallmadge's latest annual appreciation rate is higher than 50% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$174,970

Tallmadge, OH HOME PRICES

Value Range
> $1,108,000 0.1
$831,001 - $1,108,000 0.0
$554,001 - $831,000 0.2
$444,001 - $554,000 0.2
$333,001 - $444,000 4.2
$222,001 - $333,000 15.9
$111,001 - $222,000 67.0
$55,001 - $111,000 8.6
$0 - $55,000 3.9

High for OH
High for Nation

Value Relative to Nation Value Relative to State
39.9214813078636 23.753280839895

Number Of Homes And Apartments:
6,750

Tallmadge 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
5.14% 0.29% 4 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$808 / per month

Homeownership Rate

Homeownership
Owners 76.32
Renters 23.68
Vacant 5.62

Housing Market Details

 

Age of Homes

AGE OF Tallmadge HOMES
2000 or Newer 11.5
1970 - 1999 37.0
1940 - 1969 45.5
1939 or Older 6.0

Types of Homes

TYPE OF Tallmadge HOMES
Single-Family 74.3
Townhomes 7.9
Small Apt. Buildings 5.1
Apt. Complexes 11.8
Mobile Homes 0.9
Other 0.0

Home Size

SIZE OF Tallmadge HOMES
No Bedroom 1.16
1 Bedroom 8.60
2 Bedrooms 20.12
3 Bedrooms 47.65
4 Bedrooms 19.63
5 or more bedrooms 2.84