North Ridgeville, OH 44039 - Real Estate Investment Insights & Performance Data

Welcome to our 44039 real estate data hub, tailored for investors in North Ridgeville, OH. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.

Explore essential data such as home prices, rental rates, and appreciation trends specific to 44039 in North Ridgeville, OH. Discover Section 8 housing opportunities and challenges to maximize your investment potential in LORAIN COUNTY.

Leverage our comprehensive, zip code-specific data to excel in North Ridgeville, OH real estate investing. Uncover the wealth of information available, and position yourself for success in the North Ridgeville property market.

• Location Overview

  • Zip Code: 44039
  • City: North Ridgeville
  • State: OH
  • Metro Area: Cleveland-Elyria, OH
  • County Name: LORAIN COUNTY

• Real Estate Market Snapshot

  • Average Home Price (All Types): $278,501
  • Average Home Price (Single Family Homes): $287,221
  • Average Monthly Rental Price (All Types): $1,850
  • Price-to-Rent Ratio: 13
  • Zillow Projected % appreciation from 4/2023-4/2024: 0.2%

• Section 8 Housing Insights

  • Average 2 Bedroom Section 8 Rental Rates: $1,210
  • Average 3 Bedroom Section 8 Rental Rates: $1,570
  • Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 19.18
  • Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 14.78
  • Number of Units Offered in Section 8 in the County: 3075
  • Number of Occupied Units in Section 8 in the County: 2943
  • Percentage of Section 8 Units Occupied in the County: 95.69999695%

• Historical & Recent Price Appreciation Rates

  • Total % Appreciation since 1990 (Government Data): 135.07
  • Total % Appreciation since 2000 (Government Data): 56.55
  • YTD Appreciation (Backwards from 4/2023, Realtor Data): 0.52%
  • 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 3.81%
  • 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 29.5%
  • 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 41.84%
  • 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 74.47%
  • 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 60.89%
  • 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 69.75%

• Historical & Recent Rent Appreciation Rates

  • YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): -0.29%
  • 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
  • 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
  • 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%