Pickerington, 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

Pickerington, OH Housing Market Trends

With 22,158 people, 6,986 houses or apartments, and a median cost of homes of $264,236, Pickerington real estate is some of the most expensive in Ohio, although Pickerington home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Pickerington, accounting for 72.90% of the city's housing units. Other types of housing that are prevalent in Pickerington include large apartment complexes or high rise apartments ( 14.73%), duplexes, homes converted to apartments or other small apartment buildings ( 5.97%), and a few row houses and other attached homes ( 5.70%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pickerington. Owner-occupied housing accounts for 75.98% of Pickerington's homes, and 67.88% have either three or four bedrooms, which is average sized relative to America.

Pickerington homes and real estate are some of the newest in America. 53.16% of Pickerington'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 Pickerington real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 39.01%), and between 1940-1969 ( 4.80%). There's also some housing in Pickerington built before 1939 ( 3.03%).

Pickerington Home Appreciation Rates

Appreciation rates for homes in Pickerington have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 49.11%, which ranks in the top 30% nationwide. This equates to an annual average Pickerington house appreciation rate of 4.08%.

Appreciation rates are so strong in Pickerington that despite a nationwide downturn in the housing market, Pickerington real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pickerington appreciation rates continue to be some of the highest in America, at 6.55%, which is higher than appreciation rates in 76.80% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pickerington. Pickerington appreciation rates in the latest quarter were at 2.53%, which equates to an annual appreciation rate of 10.51%.

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

Average Home Values

 

Median Home Value:
$264,236

Pickerington, OH HOME PRICES

> $1,250,000
0.3%
0.3%
$938,001 - $1,250,000
0.0%
0.0%
$625,001 - $938,000
1.3%
1.3%
$500,001 - $625,000
0.5%
0.5%
$375,001 - $500,000
10.9%
10.9%
$250,001 - $375,000
45.0%
45.0%
$125,001 - $250,000
39.1%
39.1%
$62,001 - $125,000
2.0%
2.0%
$0 - $62,000
0.9%
0.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for OH

Value Relative To Nation

Number Of Homes And Apartments:
6,986

Pickerington 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
55.51% 2.12%
9
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,481 / per month

Homeownership Rate

Owners
76.0%
76.0%
Renters
24.0%
24.0%
Vacant
5.0%
5.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
53.2%
53.2%
1970 - 1999
39.0%
39.0%
1940 - 1969
4.8%
4.8%
1939 or Older
3.0%
3.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
72.9%
72.9%
Townhomes
5.7%
5.7%
Small Apt. Buildings
6.0%
6.0%
Apt. Complexes
14.7%
14.7%
Mobile Homes
0.7%
0.7%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.6%
2.6%
1 Bedroom
5.1%
5.1%
2 Bedrooms
19.0%
19.0%
3 Bedrooms
27.0%
27.0%
4 Bedrooms
40.8%
40.8%
5 or more bedrooms
5.4%
5.4%
0.0% 100.0%
% OF HOMES