Friday, November 10, 2006

Housing Report for Fairfield County, Ohio

Fairfield County had a median home value in the year 2005 of $162,700, published by the American Community Survey. This is greater than the overall Ohio 2005 home median value of $129,600 and less than median owner-occupied dwelling value of $167,500 across the nation during that year.

In Fairfield County, the census reported 54,637 homes in the year 2005. This county has gone through a growth in housing units, adding all together 4,893 housing units since the year 2001, or 9.8 percent.

Throughout the State of Ohio, Fairfield County is positioned 4 of 88 by percent in growth of new residential structures. The county places 311 of 3,141, when comparing thee change in housing structures in counties throughout the nation.

Fairfield County has a small, but present percentage of homes that are high in price. In 2005, the American Community Survey reported that 0.8 percent residential property is valued over $500k.

The residential housing values in Fairfield County, Ohio have seen large increases from the real estate values reported in 2000. The valuations have increased by $33,200, or 25.6 percent, from their 2000 value of $129,500.

It can be understood that there is a fair amount of real estate that is affordable in Fairfield County, Ohio. In 2005, 29.7 percent of residential real estate was valued under $125,000.

Data Source: U.S. Census Bureau

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