Twinsburg, 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 Q2 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

Twinsburg, OH Housing Market Trends

With a population of 18,856, 7,822 total housing units (homes and apartments), and a median house value of $239,285, Twinsburg real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Twinsburg, accounting for 65.10% of the city's housing units. Other types of housing that are prevalent in Twinsburg include large apartment complexes or high rise apartments ( 16.78%), row houses and other attached homes ( 12.92%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.20%).

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 73.58% of Twinsburg's homes, and 62.59% 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 ( 16.10%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.65%). There's also some housing in Twinsburg built before 1939 ( 3.12%).

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 3.42% during the period.

NeighborhoodScout's data show that during the latest twelve months, Twinsburg's appreciation rate, at 8.50%, has been at or slightly above the national average. In the latest quarter, Twinsburg's appreciation rate has been 2.06%, which annualizes to a rate of 8.48%.

Relative to Ohio, our data show that Twinsburg's latest annual appreciation rate is lower than 70% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$239,285

Twinsburg, OH HOME PRICES

> $1,237,000
0.0%
0.0%
$928,001 - $1,237,000
0.0%
0.0%
$619,001 - $928,000
1.1%
1.1%
$495,001 - $619,000
2.6%
2.6%
$371,001 - $495,000
11.8%
11.8%
$247,001 - $371,000
41.7%
41.7%
$124,001 - $247,000
38.2%
38.2%
$62,001 - $124,000
3.2%
3.2%
$0 - $62,000
1.4%
1.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for OH

Value Relative To Nation

Number Of Homes And Apartments:
7,822

Twinsburg Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
35.73% 1.43%
4
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,414 / per month

Homeownership Rate

Owners
73.6%
73.6%
Renters
26.4%
26.4%
Vacant
2.7%
2.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
13.6%
13.6%
1970 - 1999
67.1%
67.1%
1940 - 1969
16.1%
16.1%
1939 or Older
3.1%
3.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
65.1%
65.1%
Townhomes
12.9%
12.9%
Small Apt. Buildings
5.2%
5.2%
Apt. Complexes
16.8%
16.8%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.6%
1.6%
1 Bedroom
4.8%
4.8%
2 Bedrooms
27.8%
27.8%
3 Bedrooms
37.1%
37.1%
4 Bedrooms
25.5%
25.5%
5 or more bedrooms
3.1%
3.1%
0.0% 100.0%
% OF HOMES