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 3,785 people, 462 houses or apartments, and a median cost of homes of $209,718, house prices in Mogadore are solidly below the national average.
Single-family detached homes are the single most common housing type in Mogadore, accounting for 91.34% of the village's housing units. Other types of housing that are prevalent in Mogadore include row houses and other attached homes ( 8.66%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mogadore. Owner-occupied housing accounts for 96.10% of Mogadore's homes, and 57.14% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Mogadore's housing was primarily built during this period, from the '40s through the '60s. A full 50.87% of the village's housing hails from this era. Other housing ages represented in Mogadore include homes built between 2000 and later ( 29.44%) and housing constructed before 1939 ( 13.85%). There's also some housing in Mogadore built between 1970-1999 ( 5.84%).
Real estate appreciation rates in Mogadore's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.43% during the period.
Appreciation rates are so strong in Mogadore that despite a nationwide downturn in the housing market, Mogadore real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mogadore appreciation rates continue to be some of the highest in America, at 8.70%, which is higher than appreciation rates in 77.93% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mogadore. Mogadore appreciation rates in the latest quarter were at 1.45%, which equates to an annual appreciation rate of 5.93%.
Relative to Ohio, our data show that Mogadore's latest annual appreciation rate is higher than 60% of the other cities and towns in Ohio.
$209,718
for Ohio
for nation
462
$1,264 / per month