The housing market in Garrettsville, OH is strong. The median value of a home in the area is $224,400, which is significantly lower than the US median value of $338,100. While the national house appreciation rate for the past year was 8.27%, the rate of appreciation for homes in Garrettsville was even higher at 11.04%. This shows that not only are homes in Garrettsville more affordable than other parts of the country, they are also appreciating at a higher rate than the national average. This makes it an attractive option for those looking to invest in real estate or purchase a home.
The median home cost in Garrettsville is $224,400. Home appreciation the last 10 years has been 77.7%. Home Appreciation in Garrettsville is up 14.6%.
Average Age of Homes
- The median age of Garrettsville real estate is 47 years old
The Rental Market in Garrettsville
- Renters make up 37.3% of the Garrettsville population
- 1.1% of houses and apartments in Garrettsville, 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.