Twinsburg, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Twinsburg, OH Real Estate Data


Twinsburg Housing Market Information

With a population of 18,872, 7,462 total housing units (homes and apartments), and a median house value of $207,820, Twinsburg real estate is some of the most expensive in Ohio, although Twinsburg home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Twinsburg, accounting for 64.69% of the city's housing units. Other types of housing that are prevalent in Twinsburg include large apartment complexes or high rise apartments ( 18.42%), row houses and other attached homes ( 12.74%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.15%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Twinsburg. Owner-occupied housing accounts for 73.26% of Twinsburg's homes, and 61.96% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Twinsburg 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 Twinsburg built between 1940-1969 ( 14.77%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.48%). There's also some housing in Twinsburg built before 1939 ( 3.17%).

Twinsburg Home Appreciation Rates

Real estate appreciation rates in Twinsburg'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, Twinsburg appreciation rates have trailed the rest of the nation. In the last twelve months, Twinsburg's appreciation rate has been 1.94%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Twinsburg were at -0.15%, which equates to an annual appreciation rate of -0.61%.

Relative to Ohio, our data show that Twinsburg's latest annual appreciation rate is lower than 60% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$207,820

Twinsburg, OH HOME PRICES

Value Range
> $1,072,000 0.1
$804,001 - $1,072,000 0.0
$536,001 - $804,000 0.3
$429,001 - $536,000 2.1
$321,001 - $429,000 9.8
$214,001 - $321,000 37.9
$107,001 - $214,000 42.6
$54,001 - $107,000 4.4
$0 - $54,000 2.8

Very High for OH
High for Nation

Value Relative to Nation Value Relative to State
30.1300832063752 13.3858267716535

Number Of Homes And Apartments:
7,462

Rent & Ownership

 

Average Market Rent:
$1,198 / per month

Homeownership Rate

Homeownership
Owners 73.26
Renters 26.74
Vacant 3.15

Housing Market Details

 

Age of Homes

AGE OF Twinsburg HOMES
2000 or Newer 14.5
1970 - 1999 67.6
1940 - 1969 14.8
1939 or Older 3.2

Types of Homes

TYPE OF Twinsburg HOMES
Single-Family 64.7
Townhomes 12.7
Small Apt. Buildings 4.2
Apt. Complexes 18.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Twinsburg HOMES
No Bedroom 0.35
1 Bedroom 5.17
2 Bedrooms 28.41
3 Bedrooms 35.47
4 Bedrooms 26.49
5 or more bedrooms 4.11

Twinsburg Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
5.65% 0.32% 4 1
* 10 is highest