The housing market in Northbrook, OH is doing significantly better than the national average. The median value of houses in Northbrook is $142,500, which is less than half of the US House Median Value of $338,100. Furthermore, while the US 1 year House Appreciation rate is 8.27%, the 1 year appreciation rate for Northbrook is a much higher 10.68%. This shows that homes in Northbrook are increasing in value at a faster pace than homes in other parts of the country. It appears that property buyers and investors alike are taking advantage of the rising trends in Northbrook’s housing market.
The median home cost in Northbrook is $142,500. Home appreciation the last 10 years has been 86.6%. Home Appreciation in Northbrook is up 16.6%.
Average Age of Homes
- The median age of Northbrook real estate is 50 years old
The Rental Market in Northbrook
- Renters make up 31.4% of the Northbrook population
- 2.4% of houses and apartments in Northbrook, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.