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 9,463, 3,591 total housing units (homes and apartments), and a median house value of $159,337, 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 78.07% 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 ( 16.09%), duplexes, homes converted to apartments or other small apartment buildings ( 5.84%).
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 59.74% owning and 40.26% 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 59.06% of the city's housing hails from this era. Other housing ages represented in North College Hill include homes built before 1939 ( 23.64%) and housing constructed between 1970-1999 ( 17.30%).
Vacant housing appears to be an issue in North College Hill. Fully 11.11% 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.
In the last 10 years, North College Hill has experienced some of the highest home appreciation rates of any community in the nation. North College Hill real estate appreciated 114.34% over the last ten years, which is an average annual home appreciation rate of 7.92%, putting North College Hill in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, North College Hill definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, North College Hill appreciation rates have trailed the rest of the nation. In the last twelve months, North College Hill's appreciation rate has been 2.65%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in North College Hill were at 1.61%, which equates to an annual appreciation rate of 6.58%.
Relative to Ohio, our data show that North College Hill's latest annual appreciation rate is lower than 70% of the other cities and towns in Ohio.
$159,337
for Ohio
for nation
3,591
$1,540 / per month