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 9,484 people, 3,753 houses or apartments, and a median cost of homes of $162,270, house prices in North College Hill are some of the most affordable in Ohio as well as the nation.
Single-family detached homes are the single most common housing type in North College Hill, accounting for 78.05% of the city's housing units. Other types of housing that are prevalent in North College Hill include large apartment complexes or high rise apartments ( 16.33%), duplexes, homes converted to apartments or other small apartment buildings ( 5.04%).
The most prevalent building size and type in North College Hill are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.37% owning and 45.63% renting.
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. North College Hill's housing was primarily built during this period, from the '40s through the '60s. A full 56.32% of the city's housing hails from this era. Other housing ages represented in North College Hill include homes built before 1939 ( 24.79%) and housing constructed between 1970-1999 ( 18.89%).
Vacant housing appears to be an issue in North College Hill. Fully 10.28% of the housing stock is classified as vacant. Left unchecked, vacant North College Hill homes and apartments can be a drag on the real estate market, holding North College Hill real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in North College Hill have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 106.94%, which ranks in the top 30% nationwide. This equates to an annual average North College Hill house appreciation rate of 7.54%.
NeighborhoodScout's data show that during the latest twelve months, North College Hill's appreciation rate, at 6.79%, has been at or slightly above the national average. In the latest quarter, North College Hill's appreciation rate has been 1.53%, which annualizes to a rate of 6.27%.
Relative to Ohio, our data show that North College Hill's latest annual appreciation rate is lower than 50% of the other cities and towns in Ohio.
$162,270
for Ohio
for nation
3,753
$1,521 / per month