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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Pickerington, 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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Pickerington, OH Housing Market Trends

With a population of 24,524, 7,787 total housing units (homes and apartments), and a median house value of $388,805, Pickerington real estate is some of the most expensive in Ohio, although Pickerington home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Pickerington, accounting for 72.05% of the city's housing units. Other types of housing that are prevalent in Pickerington include large apartment complexes or high rise apartments ( 14.37%), row houses and other attached homes ( 6.96%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.62%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pickerington. Owner-occupied housing accounts for 79.27% of Pickerington's homes, and 68.00% have either three or four bedrooms, which is average sized relative to America.

Pickerington homes and real estate are some of the newest in America. 54.62% of Pickerington's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Pickerington real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 36.39%), and between 1940-1969 ( 6.77%). There's also some housing in Pickerington built before 1939 ( 2.22%).

Pickerington Home Appreciation Rates

In the last 10 years, Pickerington has experienced some of the highest home appreciation rates of any community in the nation. Pickerington real estate appreciated 113.12% over the last ten years, which is an average annual home appreciation rate of 7.86%, putting Pickerington in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Pickerington definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Pickerington's appreciation rate, at 5.53%, has been at or slightly above the national average. In the latest quarter, Pickerington's appreciation rate has been -0.99%, which annualizes to a rate of -3.89%.

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

Relative to Ohio, our data show that Pickerington'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 Pickerington differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Pickerington - 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 Pickerington real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$388,805

Pickerington, OH Home Prices
> $1,375,000
$1,032,001 - $1,375,000
$688,001 - $1,032,000
$550,001 - $688,000
$413,001 - $550,000
$275,001 - $413,000
$137,001 - $275,000
$69,001 - $137,000
$0 - $69,000
0.2%
0.2%
0.4%
0.4%
2.5%
2.5%
7.6%
7.6%
30.6%
30.6%
42.7%
42.7%
11.7%
11.7%
1.8%
1.8%
2.7%
2.7%
0% 100.0%
% of Homes
Very High

for Ohio

High

for nation

Number of Homes And Apartments:

7,787

Pickerington Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,813 / per month

Homeownership Rate

Owners
Renters
79.3%
79.3%
20.7%
20.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.4%
7.4%
92.6%
92.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
54.6%
54.6%
36.4%
36.4%
6.8%
6.8%
2.2%
2.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
72.1%
72.1%
7.0%
7.0%
6.6%
6.6%
14.4%
14.4%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.2%
4.2%
6.8%
6.8%
15.2%
15.2%
24.9%
24.9%
43.1%
43.1%
5.8%
5.8%
0% 100.0%
% of Homes