Medina, OH has a housing median value of $325,000, which is slightly lower than the US House Median Value of $338,100. However, this area has seen a higher rate of appreciation in the past year than the national average with a 1 year house appreciation rate of 11.04%, which is much higher than the 8.27% national average for the same period. This suggests that Medina may be an ideal location to invest in housing due to its high rate of appreciation and relatively low median value.
The median home cost in Medina is $325,000. Home appreciation the last 10 years has been 77.7%. Home Appreciation in Medina is up 14.6%.
Average Age of Homes
- The median age of Medina real estate is 37 years old
The Rental Market in Medina
- Renters make up 32.0% of the Medina population
- 1.2% of houses and apartments in Medina, 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.