The housing market in Magnetic Springs, OH is a strong one. The median value of homes in the city is $118,700, which is considerably lower than the national median of $338,100. Despite the lower prices, homeowners in Magnetic Springs have seen their properties appreciate over the past year at a rate of 14.03%, much higher than the 8.27% nationwide average. This indicates that Magnetic Springs is an excellent place to invest in real estate for those looking for high returns on their investment.
The median home cost in Magnetic Springs is $118,700. Home appreciation the last 10 years has been 102.9%. Home Appreciation in Magnetic Springs is up 19.8%.
Average Age of Homes
- The median age of Magnetic Springs real estate is 78 years old
The Rental Market in Magnetic Springs
- Renters make up 41.1% of the Magnetic Springs population
- 3.2% of houses and apartments in Magnetic Springs, 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.