Avon, 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 Q2 2021. 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

Avon, OH Housing Market Trends

With a population of 23,399, 8,108 total housing units (homes and apartments), and a median house value of $341,085, Avon real estate is some of the most expensive in Ohio, although Avon home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Avon, accounting for 76.88% of the city's housing units. Other types of housing that are prevalent in Avon include row houses and other attached homes ( 12.61%), large apartment complexes or high rise apartments ( 5.35%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.06%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Avon. Owner-occupied housing accounts for 83.37% of Avon's homes, and 72.50% have either three or four bedrooms, which is average sized relative to America.

Avon homes and real estate are some of the newest in America. 50.62% of Avon's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Avon real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 32.33%), and between 1940-1969 ( 12.23%). There's also some housing in Avon built before 1939 ( 4.81%).

Avon Home Appreciation Rates

Real estate appreciation rates in Avon's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 3.43% during the period.

Over the last year, Avon appreciation rates have trailed the rest of the nation. In the last twelve months, Avon's appreciation rate has been 8.35%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Avon were at 2.23%, which equates to an annual appreciation rate of 9.21%.

Relative to Ohio, our data show that Avon's latest annual appreciation rate is lower than 70% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$341,085

Avon, OH HOME PRICES

> $1,205,000
0.0%
0.0%
$903,001 - $1,205,000
0.2%
0.2%
$602,001 - $903,000
6.5%
6.5%
$482,001 - $602,000
13.8%
13.8%
$362,001 - $482,000
27.1%
27.1%
$241,001 - $362,000
27.4%
27.4%
$121,001 - $241,000
23.7%
23.7%
$60,001 - $121,000
0.3%
0.3%
$0 - $60,000
0.9%
0.9%
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:
8,108

Avon Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
38.60% 1.53%
4
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,618 / per month

Homeownership Rate

Owners
83.4%
83.4%
Renters
16.6%
16.6%
Vacant
4.6%
4.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
50.6%
50.6%
1970 - 1999
32.3%
32.3%
1940 - 1969
12.2%
12.2%
1939 or Older
4.8%
4.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
76.9%
76.9%
Townhomes
12.6%
12.6%
Small Apt. Buildings
5.1%
5.1%
Apt. Complexes
5.4%
5.4%
Mobile Homes
0.1%
0.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.3%
0.3%
1 Bedroom
3.4%
3.4%
2 Bedrooms
20.3%
20.3%
3 Bedrooms
26.6%
26.6%
4 Bedrooms
45.9%
45.9%
5 or more bedrooms
3.5%
3.5%
0.0% 100.0%
% OF HOMES