Stow, 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 Q1 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

Stow, OH Housing Market Trends

With 34,785 people, 14,299 houses or apartments, and a median cost of homes of $242,819, Stow real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Stow, accounting for 61.82% of the city's housing units. Other types of housing that are prevalent in Stow include large apartment complexes or high rise apartments ( 19.44%), row houses and other attached homes ( 12.11%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.91%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Stow. Owner-occupied housing accounts for 68.37% of Stow's homes, and 61.40% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Stow built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Stow built between 1940-1969 ( 26.59%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.65%). There's also some housing in Stow built before 1939 ( 5.18%).

Stow Home Appreciation Rates

Appreciation rates for homes in Stow have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 37.50%, which ranks in the top 50% nationwide. This equates to an annual average Stow house appreciation rate of 3.24%.

Appreciation rates are so strong in Stow that despite a nationwide downturn in the housing market, Stow real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Stow appreciation rates continue to be some of the highest in America, at 8.47%, which is higher than appreciation rates in 79.35% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Stow. Stow appreciation rates in the latest quarter were at 2.55%, which equates to an annual appreciation rate of 10.59%.

Importantly, this makes Stow one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Stow differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Stow - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Stow real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$242,819

Stow, OH HOME PRICES

> $1,218,000
0.3%
0.3%
$913,001 - $1,218,000
0.1%
0.1%
$609,001 - $913,000
0.2%
0.2%
$487,001 - $609,000
1.5%
1.5%
$365,001 - $487,000
7.5%
7.5%
$244,001 - $365,000
29.4%
29.4%
$122,001 - $244,000
51.1%
51.1%
$61,001 - $122,000
7.9%
7.9%
$0 - $61,000
2.0%
2.0%
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:
14,299

Stow Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
37.83% 1.52%
5
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,181 / per month

Homeownership Rate

Owners
68.4%
68.4%
Renters
31.6%
31.6%
Vacant
6.1%
6.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
12.6%
12.6%
1970 - 1999
55.6%
55.6%
1940 - 1969
26.6%
26.6%
1939 or Older
5.2%
5.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
61.8%
61.8%
Townhomes
12.1%
12.1%
Small Apt. Buildings
5.9%
5.9%
Apt. Complexes
19.4%
19.4%
Mobile Homes
0.6%
0.6%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.3%
2.3%
1 Bedroom
7.9%
7.9%
2 Bedrooms
25.6%
25.6%
3 Bedrooms
34.9%
34.9%
4 Bedrooms
26.5%
26.5%
5 or more bedrooms
2.8%
2.8%
0.0% 100.0%
% OF HOMES