Upper Arlington, 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 Q1 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

Upper Arlington, OH Housing Market Trends

With 35,366 people, 13,790 houses or apartments, and a median cost of homes of $510,801, Upper Arlington house prices are not only among the most expensive in Ohio, Upper Arlington real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Upper Arlington, accounting for 74.58% of the city's housing units. Other types of housing that are prevalent in Upper Arlington include duplexes, homes converted to apartments or other small apartment buildings ( 9.09%), large apartment complexes or high rise apartments ( 8.54%), and a few row houses and other attached homes ( 7.73%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Upper Arlington. Owner-occupied housing accounts for 79.37% of Upper Arlington's homes, and 69.27% 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. Upper Arlington's housing was primarily built during this period, from the '40s through the '60s. A full 65.76% of the city's housing hails from this era. Other housing ages represented in Upper Arlington include homes built between 1970-1999 ( 17.66%) and housing constructed before 1939 ( 10.39%). There's also some housing in Upper Arlington built between 2000 and later ( 6.18%).

Upper Arlington Home Appreciation Rates

In the last 10 years, Upper Arlington has experienced some of the highest home appreciation rates of any community in the nation. Upper Arlington real estate appreciated 66.48% over the last ten years, which is an average annual home appreciation rate of 5.23%, putting Upper Arlington in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Upper Arlington definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Upper Arlington's appreciation rate, at 6.52%, has been at or slightly above the national average. In the latest quarter, Upper Arlington's appreciation rate has been 1.90%, which annualizes to a rate of 7.82%.

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

Average Home Values

 

Median Home Value:
$510,801

Upper Arlington, OH HOME PRICES

> $1,241,000
4.3%
4.3%
$931,001 - $1,241,000
6.0%
6.0%
$621,001 - $931,000
20.7%
20.7%
$496,001 - $621,000
18.9%
18.9%
$373,001 - $496,000
22.4%
22.4%
$248,001 - $373,000
18.9%
18.9%
$124,001 - $248,000
6.7%
6.7%
$62,001 - $124,000
1.1%
1.1%
$0 - $62,000
0.8%
0.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for OH

Value Relative To Nation

Number Of Homes And Apartments:
13,790

Upper Arlington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
109.29% 3.54%
10
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,622 / per month

Homeownership Rate

Owners
79.4%
79.4%
Renters
20.6%
20.6%
Vacant
4.8%
4.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
6.2%
6.2%
1970 - 1999
17.7%
17.7%
1940 - 1969
65.8%
65.8%
1939 or Older
10.4%
10.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
74.6%
74.6%
Townhomes
7.7%
7.7%
Small Apt. Buildings
9.1%
9.1%
Apt. Complexes
8.5%
8.5%
Mobile Homes
0.0%
0.0%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.4%
0.4%
1 Bedroom
4.0%
4.0%
2 Bedrooms
18.9%
18.9%
3 Bedrooms
41.1%
41.1%
4 Bedrooms
28.2%
28.2%
5 or more bedrooms
7.4%
7.4%
0.0% 100.0%
% OF HOMES