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Ohio real estate

Ohio – Trying to Step Towards Recovery

Cleveland is often described as “ground zero” for the subprime mortgage lending crisis, because that’s where many of the less-than-stellar lending practices began, back in the 1990’s. Fast forward a decade and a half, and you have the housing bubble burst that led to the Great Recession.

The recession may be over, but Ohioans are still trying to pick up the pieces. At the end of 2012, nearly 400,000 people here were out of work, and even more were underemployed. Between 2007 and 2012, 1.7 million Ohio residents had to rely on the state for some kind of food assistance.

While things have started to look up in the Buckeye State, they have done so slowly – painfully so.

Surprisingly, though, the housing numbers here aren’t as bleak as you might think. In November 2012, the number of homes sold around the state jumped 14% when compared to the year before -- a surge that shocked even some of the most veteran of realtors in Ohio. It was also the 19th consecutive month that the number of single-family homes and condos sold went up.

So, what can you expect Ohio’s housing market to do in 2013?

Expect Ohio’s “never say die” spirit to stay firmly intact. After all, a big part of this state is coal country, where the work is hard, and the miners are proud to do it!

Outside coal country, realtors are keeping a close eye on Cleveland. As the state’s second-largest city, it will have to play a big role in any type of housing recovery. Luckily, experts say Cleveland’s housing market has already hit rock-bottom, so the situation here has nowhere to go but up! That’s why they’re projecting a 3.6% rise in home prices in the Cleveland metro by the end of 2013.

One city that’s really surprising realtors in Ohio (and in a good way!) is Dayton. In November 2012, the number of Dayton home sales jumped 22%, compared to the year before. Home prices here rose more than 1% throughout 2012, and experts say they should climb another 4% by the end of 2013.

Youngstown got some national recognition at the beginning of 2013 – by landing on the National Association of Homebuilders list of improving housing markets, thanks to its employment growth, number of permits, and housing price appreciation.

And what about the state’s largest city – Columbus?

It’s projected to be very popular with millenials. In fact, some of the most popular homes for sale in Ohio in 2013 could be in Downtown Columbus. Luckily, there should be plenty of supply to accommodate the demand, since 5,000 new residential units will be built in the area during 2013.

Bottom line – if Ohio can get some momentum going, it can start to see some real signs of recovery!

Living in Ohio

Want to live somewhere between the serenity of country life and the endless opportunities of a big city? Welcome to Ohio!

Ohio has both a rich history and a rich climate. Count on cold winters and hot and humid summers. Because of its proximity to weather systems from Lake Erie and Lake Huron, the snowfall in northern Ohio is the heaviest, especially east of Cleveland.

But don’t bundle up yet – at least, not until you learn these fast facts:

  • What is the population of Ohio?
  • The population of Ohio is 11,544,225
  • What is the capital of Ohio?
  • The capital of Ohio is Columbus
  • What is the largest city in Ohio?
  • The largest city is Columbus

Since the mid-19th century, Ohio has been a leader in manufacturing. Ohio is also recognized for its oil refining and construction of automobiles and automotive parts. Dayton has been deemed an aerospace innovation hub.

There are other job opportunities here – like in agriculture. In fact, one in seven Ohioans are said to work directly or indirectly in the agriculture industry, as it represents $93 billion of Ohio’s economic output. The state is ranked first in the U.S. for its production of Swiss cheese, 2nd in eggs, and 3rd in tomatoes.

There is so much to do and see here. If you are a fan of the Arts, the Cleveland Orchestra has been called the best in the world. The Cleveland Museum of Art has been ranked one of the best in the country, and Cleveland's Playhouse Square is the 2nd-largest theater complex in the U.S. – only behind New York City’s Lincoln Center!

If you revel in the thrill and excitement of amusement parks, head to 364-acre Cedar Point located on a Lake Erie peninsula in Sandusky. Open since 1870, it is one of the oldest operating amusement parks in the country. The family will also love Kings Island, the largest amusement and water park in the Midwest.

The Columbus Zoo also offers fun for the whole family with more than 9,000 animals representing more than 700 species. With more than 2.3 million visitors annually, the Columbus Zoo is ranked among the top zoos in the country.

Bottom line – live here, and you’ll never be bored!

This is the Census data for Ohio

Population

Total population estimate for Ohio (July 1) 2012
11,544,225
Total population change for Ohio- April 1, 2010 to July 1, 2012
0.1%

Age

Percentage of the population that's under 5 years old in Ohio, 2011
6.2%
Percentage of the population that's under 18 years years old in Ohio, 2011
23.3%
Percentage of the population that's 65 years and over Ohio, 2011
14.3%

Gender

Percentage of the population that are females in Ohio, 2011
51.2%

Race breakdown for Ohio in percentages

White alone, 2011
83.6%
Black alone, 2011
12.4%
American Indian and Alaska Native alone,2011
0.3%
Asian alone, percent, 2011
1.7%
Native Hawaiian and Other Pacific Islander alone, 2011
NA
Two or more races, 2011
1.9%
Hispanic or Latino Origin, 2011
3.2%
Not Hispanic, White alone, 2011
81.0%

A little more about the residents of Ohio

Percentage of residents who lived in the same house 1 year ago, 2007-2011
85.3%
Percent of residents who are foreign born 2007-2011
3.9%
Percent speaking a language other than English at home, 2007-2011
6.5%

Education

Percent high school graduates or higher for residents 25 years old and over in Ohio, 2007-2011
87.8%
Percent with a bachelor's degree or higher for residents 25 years old and over in Ohio, 2007-2011
24.5%

Veterans

Total number of Veterans living in Ohio 2007-2011
914,971

Communting

The average travel time to work for workers in Ohio (16 years and over not working at home), 2007-2011
22.9 mins

Real estate stats in Ohio

Housing unit estimates, 2011
5,133,446
Owner-occupied housing units - percent of total occupied housing units, 2007-2011
68.7%
Housing units by units in structure - multi-dwelling structure, percent, 2007-2011
22.9%
Median value of specified owner-occupied housing units, 2007-2011
$135,600.00
Households, 2007-2011
4,554,007
Average household size, 2007-2011
2.46

Income

Per capita income for Ohio in the past 12 months (in 2011 inflation-adjusted dollars), 2007-2011
$25,618.00
Median household income in Ohio, 2007-2011
$48,071.00
Percentage of people living in poverty in Ohio 2007-2011
14.8%

Business and commerce info for Ohio

Private nonfarm establishments, 2010
253,491
Private nonfarm employment for pay period including March 12, 2010
4,352,481
Private nonfarm employment for pay period including March 12, 2010, percent change, 2000-2010
-13.0%
Total number of businesses in Ohio, 2007
897,939
Percentage of Black-owned businesses in Ohio, 2007
5.8%
Percentage of American Indian- and Alaska Native-owned businesses in Ohio , 2007
0.3%
Percentage of Asian-owned businesses in Ohio, 2007
2.0%
Percentage of Native Hawaiian- and Other Pacific Islander-owned businesses in Ohio, 2007
NA
Percentage of Hispanic-owned businesses in Ohio, 2007
1.1%
Percentage of Women-owned businesses in Ohio, 2007
27.7%

Land size and population

Size of Ohio in Square Miles, 2010
40,860.69 mi²
Population per square mile in Ohio, 2010
282.3

Ohio real estate

[Not Specified]

Adamsville

Alexandria

Amherst

Antwerp

Arlington Heights

Ashtabula

Austinburg

Austintown

Bainbridge

Barberton

Bay Village

Beavercreek Twp

Bellbrook

Bethel Twp

Bladensburg

Bloomville

Boardman

Bowersville

Bowling Green

Broadview Heights

Brook Park

Brookville

Brunswick

Buckeye Lake

Buckskin Twp

Butler OH

Butler Twp

Cambridge

Cambridge City

Canal Winchester

Canal Winchester - Franklin County

Canfield

Cedarville

Centerburg

Chagrin Falls

Chardon

Cheshire

Chester Twp

Choctaw Lake

Circleville

Clearcreek

Cleveland Heights

Clinton

Columbus Grove Ohio

Coolville

Coshocton

Crooksville

Cuyahoga Falls

Deshler

Dodson Twp

Dublin - Delaware County

Dublin - Union County

Eastlake

Eldorado

Fairborn

Fairview Park

Farmersville

Felicity

Franklin Furnace

Frazeysburg

Fredericktown I+OH

Fredericktown OH

Fultonham

Galloway

Garfield Heights

German Twp

Gibsonburg

Graytown

Grove City

Groveport

Gustavus

Hamer Twp

Hamersville

Harrison Twp

Harveysburg

Hicksville

Higginsport

Holland

Homerville

Huber Heights

Huntington Twp

Huntsburg

Indian Hill

Jacksonburg

JEFFERSON

Jefferson Twp

Jeffersonville

Johnstown

Kings Mills

Kirtland

Lewisburg

Liberty

Lore City

Loudonville

Loveland - Hamilton County

Lyndhurst

Madison

Mansfield

Marengo

Marion Twp

Massie Twp

Mayfield Heights

McArthur

McConnelsville

Meigs Twp

Middlefield

Milford Center

Millbury

Mogadore

Monclova

Montpelier

Montville

Moreland Hills

Mount Gilead

Mount Perry

Mowrystown

Mt Cory

Napoleon

Nashport

New Bavaria

New Carlisle

New Concord

New Holland

New Lexington

New Market Twp

New Paris

Newcastle

Newtonsville

North Ridgeville

North Royalton

Northfield

Northwood

Norwalk

Novelty

Oak Hill

Oberlin

ohio

Olmsted Falls

Orrville

Other City - Not In The State Of Florida

Other City Value - Out Of Area

Outside Area (Outside Ca)

Painesville

Parma Heights

patriot

Paulding

Pee Pee Twp

Pierpont

Piketon

Pioneer

Pleasant Plain

Pleasant Twp

Pleasantville

Portage Lakes

Quaker City

Rarden Twp

Reminderville

Reynoldsburg

Reynoldsburg - Franklin County

Richland Twp

Rio Grande

Risingsun

Roaming Shores

Rock Creek

Roseville

Rossford

Russell

Sardinia

Saybrooke

Seven Hills

Seville

Sheffield Lake

Sherwood

Silvercreek Twp

Sinking Spring

Somers Twp

Somerset

Somerville

South Euclid

South Point

South Zanesville

St Clair Twp

St. Louisville

Strongsville

Sugarcreek Twp

Swanton

Terrace Park

Turtle Creek Twp

Upper Arlington

Vandalia

Vermilion

Washington Court Hous

Washington Court House

Wauseon

Wellington

West Alexandria

West Carrollton

West Carrollton City

West Farmington

West Jefferson

West Manchester

Westerville

Westerville - Delaware County

Westerville - Franklin County

Whitehall

whiteoak

Whiteoak Twp

Williamsfield

Williamstown

Wilson Twp

Woodville

Youngstown

Zanesville