Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 12,148, 4,733 total housing units (homes and apartments), and a median house value of $393,148, Macedonia real estate is some of the most expensive in Ohio, although Macedonia home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Macedonia, accounting for 81.41% of the city's housing units. Other types of housing that are prevalent in Macedonia include row houses and other attached homes ( 11.04%), large apartment complexes or high rise apartments ( 5.01%), and a few mobile homes or trailers ( 2.23%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Macedonia. Owner-occupied housing accounts for 89.12% of Macedonia's homes, and 79.74% have either three or four bedrooms, which is average sized relative to America.
Macedonia homes and real estate are some of the newest in America. 36.71% of Macedonia's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Macedonia real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 32.49%), and between 1940-1969 ( 23.88%). There's also some housing in Macedonia built before 1939 ( 6.92%).
Macedonia's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Macedonia during the period has been just 5.34%, which is lower than 70% of US communities.
Over the last year, Macedonia appreciation rates have trailed the rest of the nation. In the last twelve months, Macedonia's appreciation rate has been 4.23%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Macedonia were at 1.45%, which equates to an annual appreciation rate of 5.93%.
Relative to Ohio, our data show that Macedonia's latest annual appreciation rate is lower than 80% of the other cities and towns in Ohio.
$393,148
for Ohio
for nation
4,733
$2,654 / per month