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 4,841 people, 1,802 houses or apartments, and a median cost of homes of $284,740, Wellington real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Wellington, accounting for 66.83% of the village's housing units. Other types of housing that are prevalent in Wellington include duplexes, homes converted to apartments or other small apartment buildings ( 19.45%), large apartment complexes or high rise apartments ( 7.88%), and a few mobile homes or trailers ( 3.00%).
The most prevalent building size and type in Wellington are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 63.64% owning and 36.36% renting.
There is a lot of housing in Wellington 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 Wellington built before 1939 ( 27.87%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.85%). There's also some housing in Wellington built between 2000 and later ( 16.18%).
Appreciation rates for homes in Wellington have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 92.78%, which ranks in the top 50% nationwide. This equates to an annual average Wellington house appreciation rate of 6.78%.
Appreciation rates are so strong in Wellington that despite a nationwide downturn in the housing market, Wellington real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Wellington appreciation rates continue to be some of the highest in America, at 10.46%, which is higher than appreciation rates in 89.25% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Wellington. Wellington appreciation rates in the latest quarter were at 0.89%, which equates to an annual appreciation rate of 3.60%.
Relative to Ohio, our data show that Wellington's latest annual appreciation rate is higher than 80% of the other cities and towns in Ohio.
$284,740
for Ohio
for nation
1,802
$1,223 / per month