Housing in Galena, OH is more expensive than the US median value of $338,100 and has seen a higher rate of appreciation in the last year. The median value of housing in Galena is currently at $546,700, and has seen a 14.03% appreciation compared to the US' 8.27%. This indicates a stronger real estate market in Galena than in other parts of the country. With such strong appreciation rates, it makes sense to invest in housing here as prices are likely to continue appreciating over time.
The median home cost in Galena is $546,700. Home appreciation the last 10 years has been 102.9%. Home Appreciation in Galena is up 19.8%.
Average Age of Homes
- The median age of Galena real estate is 48 years old
The Rental Market in Galena
- Renters make up 23.3% of the Galena population
- 0.0% of houses and apartments in Galena, 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.