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 33,957, 13,857 total housing units (homes and apartments), and a median house value of $336,839, Stow real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Stow, accounting for 63.37% of the city's housing units. Other types of housing that are prevalent in Stow include large apartment complexes or high rise apartments ( 17.04%), row houses and other attached homes ( 13.50%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.64%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Stow. Owner-occupied housing accounts for 70.39% of Stow's homes, and 61.44% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Stow built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Stow built between 1940-1969 ( 27.86%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.80%). There's also some housing in Stow built before 1939 ( 4.92%).
Real estate appreciation rates in Stow's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.54% during the period.
Appreciation rates are so strong in Stow that despite a nationwide downturn in the housing market, Stow real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Stow appreciation rates continue to be some of the highest in America, at 9.72%, which is higher than appreciation rates in 83.58% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Stow. Stow appreciation rates in the latest quarter were at 6.35%, which equates to an annual appreciation rate of 27.91%.
Importantly, NeighborhoodScout’s exclusive research found that Stow's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.
Relative to Ohio, our data show that Stow's latest annual appreciation rate is higher than 70% of the other cities and towns in Ohio.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Stow differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Stow - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Stow real estate investment or home purchase decisions.
$336,839
for Ohio
for nation
13,857
$1,600 / per month