Worthington, 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 Q4 2020. 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

Worthington, OH Housing Market Trends

With a population of 14,692, 5,695 total housing units (homes and apartments), and a median house value of $363,529, 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 78.81% of the city's housing units. Other types of housing that are prevalent in Worthington include large apartment complexes or high rise apartments ( 9.14%), duplexes, homes converted to apartments or other small apartment buildings ( 6.33%), and a few row houses and other attached homes ( 5.71%).

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 78.22% of Worthington's homes, and 75.19% 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 58.43% of the city's housing hails from this era. Other housing ages represented in Worthington include homes built between 1970-1999 ( 30.99%) and housing constructed before 1939 ( 7.59%). There's also some housing in Worthington built between 2000 and later ( 3.00%).

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 59.31% over the last ten years, which is an average annual home appreciation rate of 4.77%, 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.

Appreciation rates are so strong in Worthington that despite a nationwide downturn in the housing market, Worthington real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Worthington appreciation rates continue to be some of the highest in America, at 6.54%, which is higher than appreciation rates in 76.15% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Worthington. Worthington appreciation rates in the latest quarter were at 2.52%, which equates to an annual appreciation rate of 10.45%.

Relative to Ohio, our data show that Worthington's latest annual appreciation rate is higher than 60% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$363,529

Worthington, OH HOME PRICES

> $1,227,000
0.4%
0.4%
$920,001 - $1,227,000
0.8%
0.8%
$614,001 - $920,000
6.0%
6.0%
$491,001 - $614,000
9.0%
9.0%
$368,001 - $491,000
25.2%
25.2%
$245,001 - $368,000
42.6%
42.6%
$123,001 - $245,000
13.4%
13.4%
$62,001 - $123,000
1.3%
1.3%
$0 - $62,000
1.2%
1.2%
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:
5,695

Worthington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
97.28% 3.29%
10
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,667 / per month

Homeownership Rate

Owners
78.2%
78.2%
Renters
21.8%
21.8%
Vacant
3.6%
3.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
3.0%
3.0%
1970 - 1999
31.0%
31.0%
1940 - 1969
58.4%
58.4%
1939 or Older
7.6%
7.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
78.8%
78.8%
Townhomes
5.7%
5.7%
Small Apt. Buildings
6.3%
6.3%
Apt. Complexes
9.1%
9.1%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.2%
1.2%
1 Bedroom
4.6%
4.6%
2 Bedrooms
16.2%
16.2%
3 Bedrooms
42.0%
42.0%
4 Bedrooms
33.2%
33.2%
5 or more bedrooms
2.8%
2.8%
0.0% 100.0%
% OF HOMES