Living in Edison, OH
Edison, OH is a charming suburban community offering a comfortable lifestyle with convenient access to urban amenities. The area is well-known for its quality schools and includes several parks for recreation. Edison is perfect for families and individuals seeking a blend of tranquility and activity.
Current Market Conditions in Edison, OH
The real estate market in Edison is currently experiencing steady growth, driven by affordable housing options and an influx of first-time homebuyers seeking a friendly community atmosphere. Property values have shown reasonable appreciation, making it an attractive option for investors.
As the demand for housing continues to rise, building new residential projects in Edison remains a key focus for developers, ensuring a well-sustained market that caters to various buyer segments. This trend highlights the potential for future appreciation and rental income for real estate investors.
Home Value Estimator For Edison, OH
There are currently 631 real estate properties
in Edison, OH,
with a median automated valuation model (AVM) price
of $193,857.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Edison, OH, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Edison, OH,
is $220,906.00, with the most expensive house
in Edison, OH, topping out
at $715,595.00 and the cheapest home
in Edison, OH,
clocking in at $16,520.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Edison, OH!
Rent Prices
In Edison, OH
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Edison, OH, is on
a rollercoaster ride. The
average rent price in Edison, OH,
is $1,163.00. Indeed, when looking to rent in
Edison, OH, you can expect to pay as little
as $560.00 or as much
as $2,000.00,
with the average rent median estimated to
be $1,130.00. The good news is that finding
an affordable and desirable property to rent in Edison, OH
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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