Hartville, OH Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Hartville, OH Housing Market Trends

With a population of 3,079, 1,326 total housing units (homes and apartments), and a median house value of $236,827, Hartville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Hartville, accounting for 48.03% of the village's housing units. Other types of housing that are prevalent in Hartville include duplexes, homes converted to apartments or other small apartment buildings ( 24.96%), large apartment complexes or high rise apartments ( 17.35%), and a few row houses and other attached homes ( 9.66%).

People in Hartville primarily live in small (one, two or no bedroom) single-family detached homes. Hartville has a mixture of owner-occupied and renter-occupied housing.

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. Hartville's housing was primarily built during this period, from the '40s through the '60s. A full 37.66% of the village's housing hails from this era. Other housing ages represented in Hartville include homes built between 1970-1999 ( 24.89%) and housing constructed between 2000 and later ( 23.48%). There's also some housing in Hartville built before 1939 ( 13.96%).

Hartville Home Appreciation Rates

Appreciation rates for homes in Hartville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 42.40%, which ranks in the top 50% nationwide. This equates to an annual average Hartville house appreciation rate of 3.60%.

NeighborhoodScout's data show that during the latest twelve months, Hartville's appreciation rate, at 9.06%, has been at or slightly above the national average. In the latest quarter, Hartville's appreciation rate has been 1.92%, which annualizes to a rate of 7.91%.

Notably, Hartville's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Ohio, our data show that Hartville's latest annual appreciation rate is lower than 60% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$236,827

Hartville, OH HOME PRICES

> $1,235,000
0.0%
0.0%
$926,001 - $1,235,000
1.1%
1.1%
$618,001 - $926,000
2.6%
2.6%
$494,001 - $618,000
3.3%
3.3%
$370,001 - $494,000
9.4%
9.4%
$247,001 - $370,000
22.8%
22.8%
$124,001 - $247,000
50.3%
50.3%
$62,001 - $124,000
10.0%
10.0%
$0 - $62,000
0.5%
0.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for OH

Value Relative To Nation

Number Of Homes And Apartments:
1,326

Hartville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
39.26% 1.55%
4
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$975 / per month

Homeownership Rate

Owners
59.3%
59.3%
Renters
40.7%
40.7%
Vacant
6.5%
6.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
23.5%
23.5%
1970 - 1999
24.9%
24.9%
1940 - 1969
37.7%
37.7%
1939 or Older
14.0%
14.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
48.0%
48.0%
Townhomes
9.7%
9.7%
Small Apt. Buildings
25.0%
25.0%
Apt. Complexes
17.3%
17.3%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.9%
0.9%
1 Bedroom
7.2%
7.2%
2 Bedrooms
48.3%
48.3%
3 Bedrooms
29.8%
29.8%
4 Bedrooms
9.9%
9.9%
5 or more bedrooms
3.9%
3.9%
0.0% 100.0%
% OF HOMES