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 3,531 people, 1,477 houses or apartments, and a median cost of homes of $202,644, house prices in Northfield are solidly below the national average.
Single-family detached homes are the single most common housing type in Northfield, accounting for 71.46% of the village's housing units. Other types of housing that are prevalent in Northfield include large apartment complexes or high rise apartments ( 17.19%), duplexes, homes converted to apartments or other small apartment buildings ( 5.05%), and a few row houses and other attached homes ( 5.05%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Northfield. Owner-occupied housing accounts for 70.50% of Northfield's homes, and 62.73% 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. Northfield's housing was primarily built during this period, from the '40s through the '60s. A full 60.56% of the village's housing hails from this era. Other housing ages represented in Northfield include homes built between 1970-1999 ( 26.71%) and housing constructed between 2000 and later ( 10.56%). There's also some housing in Northfield built before 1939 ( 2.17%).
Northfield's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Northfield during the period has been just 5.24%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Northfield's appreciation rate, at 5.00%, has been at or slightly above the national average. In the latest quarter, Northfield's appreciation rate has been 1.34%, which annualizes to a rate of 5.48%.
Relative to Ohio, our data show that Northfield's latest annual appreciation rate is lower than 90% of the other cities and towns in Ohio.
$202,644
for Ohio
for nation
1,477
$1,069 / per month