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 a population of 2,215, 1,035 total housing units (homes and apartments), and a median house value of $226,634, house prices in Ontario are solidly below the national average.
Single-family detached homes are the single most common housing type in Ontario, accounting for 50.13% of the town's housing units. Other types of housing that are prevalent in Ontario include duplexes, homes converted to apartments or other small apartment buildings ( 19.89%), large apartment complexes or high rise apartments ( 16.74%), and a few mobile homes or trailers ( 7.19%).
The most prevalent building size and type in Ontario are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 56.08% owning and 43.92% renting.
The housing in Ontario was primarily built before 1939 ( 33.57%), making the housing stock in Ontario some of the oldest overall in America, although there is a range of ages of homes in Ontario. The next most important housing age is between 1970-1999 ( 32.08%), followed by between 1940-1969 ( 23.58%). There's also some housing in Ontario built between 2000 and later ( 10.78%).
Real estate appreciation rates in Ontario's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.10% during the period.
Appreciation rates are so strong in Ontario that despite a nationwide downturn in the housing market, Ontario real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ontario appreciation rates continue to be some of the highest in America, at 14.35%, which is higher than appreciation rates in 85.03% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ontario. Ontario appreciation rates in the latest quarter were at -1.86%, which equates to an annual appreciation rate of -7.25%.
Notably, Ontario's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Ontario's latest annual appreciation rate is higher than 80% of the other cities and towns in New York.
$226,634
for New york
for nation
1,035
$1,301 / per month