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 14,629, 6,034 total housing units (homes and apartments), and a median house value of $548,657, Worthington real estate is some of the most expensive in Ohio, although Worthington home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Worthington, accounting for 79.69% of the city's housing units. Other types of housing that are prevalent in Worthington include large apartment complexes or high rise apartments ( 8.43%), row houses and other attached homes ( 6.15%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.72%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Worthington. Owner-occupied housing accounts for 80.48% of Worthington's homes, and 75.99% 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. Worthington's housing was primarily built during this period, from the '40s through the '60s. A full 63.48% of the city's housing hails from this era. Other housing ages represented in Worthington include homes built between 1970-1999 ( 23.34%) and housing constructed before 1939 ( 7.90%). There's also some housing in Worthington built between 2000 and later ( 5.28%).
Appreciation rates for homes in Worthington have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 101.22%, which ranks in the top 40% nationwide. This equates to an annual average Worthington house appreciation rate of 7.24%.
NeighborhoodScout's data show that during the latest twelve months, Worthington's appreciation rate, at 5.34%, has been at or slightly above the national average. In the latest quarter, Worthington's appreciation rate has been 1.53%, which annualizes to a rate of 6.27%.
Relative to Ohio, our data show that Worthington's latest annual appreciation rate is lower 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 Worthington differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Worthington - 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 Worthington real estate investment or home purchase decisions.
$548,657
for Ohio
for nation
6,034
$1,909 / per month