Housing in Niles, OH is quite affordable compared to the national average. The median value of housing in Niles, OH is $106,400 as compared to the US House Median Value of $338,100. The US 1 year House Appreciation is 8.27% and the 1 year appreciation for housing in Niles is 10.54%. This indicates that real estate investments in Niles would be more profitable than those made across the country on average. With affordable prices and strong potential for appreciation, housing in Niles can make a great long-term investment for any homebuyer or investor.
The median home cost in Niles is $106,400. Home appreciation the last 10 years has been 74.9%. Home Appreciation in Niles is up 14.4%.
Average Age of Homes
- The median age of Niles real estate is 57 years old
The Rental Market in Niles
- Renters make up 37.4% of the Niles population
- 1.2% of houses and apartments in Niles, 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.