Worthington, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Worthington Neighborhoods Since 2000




Worthington, OH Real Estate Data

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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Worthington Housing Market Information

With a population of 14,498, 5,721 total housing units (homes and apartments), and a median house value of $300,652, Worthington real estate is some of the most expensive in Ohio, although Worthington home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Worthington, accounting for 79.33% of the city's housing units. Other types of housing that are prevalent in Worthington include duplexes, homes converted to apartments or other small apartment buildings ( 8.53%), row houses and other attached homes ( 6.58%), and a few large apartment complexes or high rise apartments ( 5.56%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Worthington. Owner-occupied housing accounts for 78.77% of Worthington's homes, and 74.50% 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. Worthington's housing was primarily built during this period, from the '40s through the '60s. A full 60.06% of the city's housing hails from this era. Other housing ages represented in Worthington include homes built between 1970-1999 ( 31.28%) and housing constructed before 1939 ( 7.64%). There's also some housing in Worthington built between 2000 and later ( 1.01%).

Worthington Home Appreciation Rates

In the last 10 years, Worthington has experienced some of the highest home appreciation rates of any community in the nation. Worthington real estate appreciated 22.75% over the last ten years, which is an average annual home appreciation rate of 2.07%, putting Worthington in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Worthington 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, Worthington's appreciation rate, at 5.40%, has been at or slightly above the national average. In the latest quarter, Worthington's appreciation rate has been 0.34%, which annualizes to a rate of 1.37%.

Relative to Ohio, our data show that Worthington's latest annual appreciation rate is higher than 80% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$300,652

Worthington, OH HOME PRICES

Value Range
> $1,181,000 0.0
$886,001 - $1,181,000 0.1
$591,001 - $886,000 3.6
$473,001 - $591,000 6.4
$355,001 - $473,000 16.8
$236,001 - $355,000 45.1
$118,001 - $236,000 22.8
$59,001 - $118,000 1.7
$0 - $59,000 3.5

Very High for OH
Very High for Nation

Value Relative to Nation Value Relative to State
16.2604007969061 5.249343832021

Number Of Homes And Apartments:
5,721

Worthington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
55.34% 2.59% 10 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,258 / per month

Homeownership Rate

Homeownership
Owners 78.77
Renters 21.23
Vacant 1.77

Housing Market Details

 

Age of Homes

AGE OF Worthington HOMES
2000 or Newer 1.0
1970 - 1999 31.3
1940 - 1969 60.1
1939 or Older 7.6

Types of Homes

TYPE OF Worthington HOMES
Single-Family 79.3
Townhomes 6.6
Small Apt. Buildings 8.5
Apt. Complexes 5.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Worthington HOMES
No Bedroom 0.29
1 Bedroom 4.00
2 Bedrooms 17.24
3 Bedrooms 39.32
4 Bedrooms 35.18
5 or more bedrooms 3.97