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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 35,337 people, 13,671 houses or apartments, and a median cost of homes of $470,720, 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 74.96% 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 ( 9.27%), large apartment complexes or high rise apartments ( 8.12%), and a few row houses and other attached homes ( 7.59%).
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 80.12% of Upper Arlington's homes, and 68.75% 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 67.13% of the city's housing hails from this era. Other housing ages represented in Upper Arlington include homes built between 1970-1999 ( 19.15%) and housing constructed before 1939 ( 10.89%). There's also some housing in Upper Arlington built between 2000 and later ( 2.83%).
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 44.70% over the last ten years, which is an average annual home appreciation rate of 3.76%, putting Upper Arlington in the top 10% 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.
Appreciation rates are so strong in Upper Arlington that despite a nationwide downturn in the housing market, Upper Arlington real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Upper Arlington appreciation rates continue to be some of the highest in America, at 7.81%, which is higher than appreciation rates in 81.24% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Upper Arlington. Upper Arlington appreciation rates in the latest quarter were at 3.63%, which equates to an annual appreciation rate of 15.32%.
Importantly, this makes Upper Arlington one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Ohio, our data show that Upper Arlington's latest annual appreciation rate is higher than 90% 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.
|$993,001 - $1,323,000||3.4|
|$662,001 - $993,000||14.7|
|$529,001 - $662,000||14.8|
|$397,001 - $529,000||24.5|
|$264,001 - $397,000||24.2|
|$132,001 - $264,000||13.0|
|$66,001 - $132,000||1.9|
|$0 - $66,000||1.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2018 Q2 - 2018 Q3
Last 12 Months:
2017 Q3 - 2018 Q3
Last 2 Years:
2016 Q3 - 2018 Q3
Last 5 Years:
2013 Q3 - 2018 Q3
Last 10 Years:
2008 Q3 - 2018 Q3
2000 Q1 - 2018 Q3
|* 10 is highest|
|AGE OF Upper Arlington HOMES|
|2000 or Newer||2.8|
|1970 - 1999||19.1|
|1940 - 1969||67.1|
|1939 or Older||10.9|
|TYPE OF Upper Arlington HOMES|
|Small Apt. Buildings||9.3|
|SIZE OF Upper Arlington HOMES|
|5 or more bedrooms||7.35|