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 a population of 2,131, 810 total housing units (homes and apartments), and a median house value of $310,612, Morrow real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Morrow, accounting for 79.28% of the village's housing units. Other types of housing that are prevalent in Morrow include duplexes, homes converted to apartments or other small apartment buildings ( 11.00%), large apartment complexes or high rise apartments ( 8.45%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Morrow. Owner-occupied housing accounts for 69.92% of Morrow's homes, and 71.41% have either three or four bedrooms, which is average sized relative to America.
Morrow homes and real estate are some of the newest in America. 36.92% of Morrow'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 Morrow real estate market has to offer. Quite a bit of the housing here was also built between 1940-1969 ( 34.14%), and before 1939 ( 18.98%). There's also some housing in Morrow built between 1970-1999 ( 9.95%).
Morrow's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Morrow during the period has been just 5.70%, which is lower than 70% of US communities.
Over the last year, Morrow appreciation rates have trailed the rest of the nation. In the last twelve months, Morrow's appreciation rate has been 4.34%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Morrow were at 1.53%, which equates to an annual appreciation rate of 6.27%.
Relative to Ohio, our data show that Morrow's latest annual appreciation rate is lower than 80% of the other cities and towns in Ohio.
$310,612
for Ohio
for nation
810
$1,330 / per month