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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Mineral Ridge, OH Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Mineral Ridge, OH Housing Market Trends

With 3,951 people, 1,782 houses or apartments, and a median cost of homes of $201,615, house prices in Mineral Ridge are solidly below the national average.

Single-family detached homes are the single most common housing type in Mineral Ridge, accounting for 80.75% of the town's housing units. Other types of housing that are prevalent in Mineral Ridge include duplexes, homes converted to apartments or other small apartment buildings ( 8.45%), large apartment complexes or high rise apartments ( 7.45%), and a few row houses and other attached homes ( 3.36%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mineral Ridge. Owner-occupied housing accounts for 72.59% of Mineral Ridge's homes, and 67.42% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Mineral Ridge 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 Mineral Ridge built between 1940-1969 ( 33.84%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.97%). There's also some housing in Mineral Ridge built before 1939 ( 6.77%).

Mineral Ridge Home Appreciation Rates

Real estate appreciation rates in Mineral Ridge's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.32% during the period.

Appreciation rates are so strong in Mineral Ridge that despite a nationwide downturn in the housing market, Mineral Ridge real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mineral Ridge appreciation rates continue to be some of the highest in America, at 8.17%, which is higher than appreciation rates in 71.94% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mineral Ridge. Mineral Ridge appreciation rates in the latest quarter were at 2.48%, which equates to an annual appreciation rate of 10.29%.

Relative to Ohio, our data show that Mineral Ridge's latest annual appreciation rate is higher than 50% of the other cities and towns in Ohio.

Average Home Values

Median Home Value

$201,615

Mineral Ridge, OH Home Prices
> $1,451,000
$1,089,001 - $1,451,000
$726,001 - $1,089,000
$581,001 - $726,000
$435,001 - $581,000
$290,001 - $435,000
$145,001 - $290,000
$72,001 - $145,000
$0 - $72,000
0.7%
0.7%
0.0%
0.0%
0.0%
0.0%
1.3%
1.3%
1.2%
1.2%
17.0%
17.0%
47.2%
47.2%
18.6%
18.6%
14.0%
14.0%
0% 100.0%
% of Homes
Low

for Ohio

Low

for nation

Number of Homes And Apartments:

1,782

Mineral Ridge Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,233 / per month

Homeownership Rate

Owners
Renters
72.6%
72.6%
27.4%
27.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.5%
6.5%
93.5%
93.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
10.0%
10.0%
49.4%
49.4%
33.8%
33.8%
6.8%
6.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
80.7%
80.7%
3.4%
3.4%
8.4%
8.4%
7.5%
7.5%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.0%
2.0%
10.3%
10.3%
17.8%
17.8%
60.0%
60.0%
7.5%
7.5%
2.4%
2.4%
0% 100.0%
% of Homes

Popular Neighborhoods in Mineral Ridge

Zip Codes in Mineral Ridge, OH