Welcome to our 44072 real estate data hub, tailored for investors in Novelty, 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 44072 in Novelty, OH. Discover Section 8 housing opportunities and challenges to maximize your investment potential in GEAUGA COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Novelty, OH real estate investing. Uncover the wealth of information available, and position yourself for success in the Novelty property market.
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Location Overview
- Zip Code: 44072
- City: Novelty
- State: OH
- Metro Area: Cleveland-Elyria, OH
- County Name: GEAUGA COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $378,106
- Average Home Price (Single Family Homes): $377,905
- Average Monthly Rental Price (All Types): Not Available
- Price-to-Rent Ratio: Not Available
- Zillow Projected % appreciation from 4/2023-4/2024: 0.6%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,310
- Average 3 Bedroom Section 8 Rental Rates: $1,700
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 24.05
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 18.53
- Number of Units Offered in Section 8 in the County: 242
- Number of Occupied Units in Section 8 in the County: 237
- Percentage of Section 8 Units Occupied in the County: 98%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 102.14
- Total % Appreciation since 2000 (Government Data): 37.73
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -0.7%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 2.72%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 27.09%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 31.74%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 54.88%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 37.24%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 43%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 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%