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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 about Scout's Real Estate Data
With 41,103 people, 14,536 houses or apartments, and a median cost of homes of $268,422, Westerville real estate is some of the most expensive in Ohio, although Westerville home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Westerville, accounting for 70.03% of the city's housing units. Other types of housing that are prevalent in Westerville include large apartment complexes or high rise apartments ( 15.98%), row houses and other attached homes ( 9.85%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.03%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Westerville. Owner-occupied housing accounts for 73.43% of Westerville's homes, and 67.13% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Westerville 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 Westerville built between 1940-1969 ( 16.54%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.78%). There's also some housing in Westerville built before 1939 ( 5.61%).
Appreciation rates for homes in Westerville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 45.71%, which ranks in the top 30% nationwide. This equates to an annual average Westerville house appreciation rate of 3.84%.
NeighborhoodScout's data show that during the latest twelve months, Westerville's appreciation rate, at 4.33%, has been at or slightly above the national average. In the latest quarter, Westerville's appreciation rate has been 1.61%, which annualizes to a rate of 6.60%.
Relative to Ohio, our data show that Westerville's latest annual appreciation rate is higher 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 Westerville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Westerville - 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 Westerville real estate investment or home purchase decisions.
| Value Range | |
|---|---|
| > $1,254,000 | 0.1 |
| $941,001 - $1,254,000 | 0.2 |
| $627,001 - $941,000 | 0.6 |
| $502,001 - $627,000 | 2.0 |
| $377,001 - $502,000 | 14.1 |
| $251,001 - $377,000 | 41.1 |
| $125,001 - $251,000 | 33.8 |
| $63,001 - $125,000 | 7.1 |
| $0 - $63,000 | 1.0 |
| Value Relative to Nation | Value Relative to State |
|---|---|
| 26.5226277372263 | 10.498687664042 |
| Homeownership | |
|---|---|
| Owners | 73.43 |
| Renters | 26.57 |
| Vacant | 3.41 |
| AGE OF Westerville HOMES | |
|---|---|
| 2000 or Newer | 13.8 |
| 1970 - 1999 | 64.1 |
| 1940 - 1969 | 16.5 |
| 1939 or Older | 5.6 |
| TYPE OF Westerville HOMES | |
|---|---|
| Single-Family | 70.0 |
| Townhomes | 9.8 |
| Small Apt. Buildings | 4.0 |
| Apt. Complexes | 16.0 |
| Mobile Homes | 0.1 |
| Other | 0.0 |
| SIZE OF Westerville HOMES | |
|---|---|
| No Bedroom | 1.71 |
| 1 Bedroom | 6.21 |
| 2 Bedrooms | 21.52 |
| 3 Bedrooms | 32.59 |
| 4 Bedrooms | 34.54 |
| 5 or more bedrooms | 3.43 |
