Sunbury, 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

Sunbury, OH Housing Market Trends

With 6,367 people, 1,878 houses or apartments, and a median cost of homes of $395,686, Sunbury house prices are not only among the most expensive in Ohio, Sunbury real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Sunbury, accounting for 75.89% of the village's housing units. Other types of housing that are prevalent in Sunbury include large apartment complexes or high rise apartments ( 11.23%), row houses and other attached homes ( 6.94%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.94%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sunbury. Owner-occupied housing accounts for 71.62% of Sunbury's homes, and 71.49% have either three or four bedrooms, which is average sized relative to America.

Sunbury homes and real estate are some of the newest in America. 45.57% of Sunbury's housing was built since 2000, making the village have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Sunbury real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 27.61%), and between 1940-1969 ( 14.94%). There's also some housing in Sunbury built before 1939 ( 11.87%).

Sunbury Home Appreciation Rates

Appreciation rates for homes in Sunbury have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 44.34%, which ranks in the top 30% nationwide. This equates to an annual average Sunbury house appreciation rate of 3.74%.

Appreciation rates are so strong in Sunbury that despite a nationwide downturn in the housing market, Sunbury real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sunbury appreciation rates continue to be some of the highest in America, at 6.53%, which is higher than appreciation rates in 75.88% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sunbury. Sunbury appreciation rates in the latest quarter were at 2.51%, which equates to an annual appreciation rate of 10.42%.

Relative to Ohio, our data show that Sunbury's latest annual appreciation rate is higher than 50% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$395,686

Sunbury, OH HOME PRICES

> $1,227,000
1.5%
1.5%
$921,001 - $1,227,000
2.0%
2.0%
$614,001 - $921,000
6.8%
6.8%
$491,001 - $614,000
12.1%
12.1%
$368,001 - $491,000
20.9%
20.9%
$245,001 - $368,000
33.7%
33.7%
$122,001 - $245,000
21.2%
21.2%
$61,001 - $122,000
1.0%
1.0%
$0 - $61,000
0.7%
0.7%
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:
1,878

Sunbury 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
62.25% 2.33%
9
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,415 / per month

Homeownership Rate

Owners
71.6%
71.6%
Renters
28.4%
28.4%
Vacant
0.5%
0.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
45.6%
45.6%
1970 - 1999
27.6%
27.6%
1940 - 1969
14.9%
14.9%
1939 or Older
11.9%
11.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
75.9%
75.9%
Townhomes
6.9%
6.9%
Small Apt. Buildings
5.9%
5.9%
Apt. Complexes
11.2%
11.2%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
7.1%
7.1%
2 Bedrooms
20.8%
20.8%
3 Bedrooms
42.2%
42.2%
4 Bedrooms
29.3%
29.3%
5 or more bedrooms
0.6%
0.6%
0.0% 100.0%
% OF HOMES