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 6,115 people, 11 houses or apartments, and a median cost of homes of $270,201, Rittman 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 Rittman, accounting for 100.00% of the city's housing units.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rittman. Owner-occupied housing accounts for 100.00% of Rittman's homes, and 100.00% have either three or four bedrooms, which is average sized relative to America.
Rittman homes and real estate are some of the newest in America. 100.00% of Rittman'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 Rittman real estate market has to offer. Quite a bit of the housing here was also built between 1940-1969 ( 0.00%), and between 1970-1999 ( 0.00%).
Appreciation rates for homes in Rittman have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 91.26%, which ranks in the top 50% nationwide. This equates to an annual average Rittman house appreciation rate of 6.70%.
Appreciation rates are so strong in Rittman that despite a nationwide downturn in the housing market, Rittman real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Rittman appreciation rates continue to be some of the highest in America, at 9.65%, which is higher than appreciation rates in 85.40% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Rittman. Rittman appreciation rates in the latest quarter were at 1.02%, which equates to an annual appreciation rate of 4.14%.
Relative to Ohio, our data show that Rittman's latest annual appreciation rate is higher than 80% of the other cities and towns in Ohio.
$270,201
for Ohio
for nation
11
$1,022 / per month