Friday, November 10, 2006

Housing Report for Franklin County, Ohio

In Franklin County, the U.S. Census Bureau, Population Division accounted for a total of 512,706 housing structures in 2005. The area has seen growth in housing units, adding a sum of 31,479 residential structures since 2001, a change of 6.5 percent.

The owner-occupied dwellings in Franklin County, Ohio have seen large increases from the housing values in 2000. The residential values have increased by $32,200, or 27.7 percent, since their values in that year of $116,200.

When compared to other counties in Ohio, Franklin County is positioned 9 of 88 by percentage growth in residential real estate. The county is positioned 587 of 3,141, in terms of residential real estate percentage change change in the United States.

Franklin County had an owner-occupied dwelling median in 2005 of $148,400, reported by the American Community Survey. This home value is greater than the overall Ohio 2005 home median value of $129,600 and less than median home value of $167,500 across the United States during the same year.

There is a fair amount of housing that is affordable in Franklin County, Ohio. In 2005, 36.7 percent of owner-occupied dwellings were valued under $125k.

Franklin County can be understood as having a medium percentage of high-priced residential real estate. In 2005, the American Community Survey accounted that 2.5 percent owner-occupied dwelling are valued over a half a million dollars.

Data Source: U.S. Census Bureau

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