It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and not other market has quite felt its impact like that of real estate.
The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.
compiled a list of cities with the fastest-growing home prices in Greenville, OH metro area using data from . Cities are ranked by 1-year price change as of July 2022. The typical home value in the United States increased over the last year by +19.8% to $354,165. All 15 cities and towns with data available were included in the list.
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#15. North Star, OH
- 1-year price change: +$5,152 (+2.7%)
- 5-year price change: +$49,732 (+33.9%)
- Typical home value: $196,506 (#3 most expensive city in metro)
#14. Gettysburg, OH
- 1-year price change: +$5,749 (+5.5%)
- 5-year price change: +$25,964 (+30.8%)
- Typical home value: $110,272 (#12 most expensive city in metro)
#13. Hollansburg, OH
- 1-year price change: +$7,955 (+9.2%)
- 5-year price change: +$30,273 (+47.0%)
- Typical home value: $94,623 (#15 most expensive city in metro)
#12. Wayne Lakes Park, OH
- 1-year price change: +$8,742 (+7.6%)
- 5-year price change: +$24,583 (+24.7%)
- Typical home value: $124,206 (#10 most expensive city in metro)
#11. Union City, OH
- 1-year price change: +$8,796 (+8.8%)
- 5-year price change: +$30,582 (+39.1%)
- Typical home value: $108,752 (#13 most expensive city in metro)
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#10. Rossburg, OH
- 1-year price change: +$9,598 (+10.4%)
- 5-year price change: +$30,582 (data not available)
- Typical home value: $101,564 (#14 most expensive city in metro)
#9. Ansonia, OH
- 1-year price change: +$10,088 (+7.3%)
- 5-year price change: +$36,811 (+33.0%)
- Typical home value: $148,494 (#7 most expensive city in metro)
#8. Greenville, OH
- 1-year price change: +$11,153 (+9.0%)
- 5-year price change: +$36,185 (+36.5%)
- Typical home value: $135,385 (#9 most expensive city in metro)
#7. Pitsburg, OH
- 1-year price change: +$11,301 (+8.7%)
- 5-year price change: +$38,822 (+38.0%)
- Typical home value: $140,885 (#8 most expensive city in metro)
#5. New Madison, OH
- 1-year price change: +$11,800 (+7.9%)
- 5-year price change: +$42,182 (+35.7%)
- Typical home value: $160,432 (#5 most expensive city in metro)
#4. Arcanum, OH
- 1-year price change: +$13,910 (+9.8%)
- 5-year price change: +$40,088 (+34.7%)
- Typical home value: $155,538 (#6 most expensive city in metro)
#3. Bradford, OH
- 1-year price change: +$21,674 (+13.2%)
- 5-year price change: +$55,553 (+42.8%)
- Typical home value: $185,455 (#4 most expensive city in metro)
#2. Versailles, OH
- 1-year price change: +$24,209 (+10.1%)
- 5-year price change: +$79,180 (+42.9%)
- Typical home value: $263,704 (#2 most expensive city in metro)
