Ada, Ohio is an attractive housing market for prospective home buyers. The median value of housing in the area is $176,700, which is much lower than the US average of $338,100. Additionally, Ada has experienced a higher appreciation rate than the national average in the past year with an 8.69% increase compared to 8.27%. This makes it a great place to invest in real estate as values are likely to continue increasing in the future.
The median home cost in Ada is $176,700. Home appreciation the last 10 years has been 64.5%. Home Appreciation in Ada is up 11.9%.
Average Age of Homes
- The median age of Ada real estate is 54 years old
The Rental Market in Ada
- Renters make up 43.0% of the Ada population
- 1.0% of houses and apartments in Ada, 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.