Year-end home prices for 5 years by central ohio school district

This report shows the 5-Year Average Home Price comparison by central Ohio school district. It shows that central Ohio DOES NOT have severe falling prices like California and Florida.

Our growth here in the Columbus metro area has been quite conservative over the years. There was some minor decline in 2007, caused by all the media hype and higher than normal inventories. Builders have cut back the number of specs and we're getting some of the resale inventory sold, so things are improving.

We're probably not out of the woods yet, but the market is looking like it might improve a little over last year. For the economy's sake nationwide, let's hope so.

The percent change of the 2007 average home price versus the 2003 average home price for each of the school districts, is as follows:

• Buckeye Valley   +23%
• Upper Arlington   +22%
• Olentangy (Powell area)   +19%
• Worthington   +17%
• Dublin   +14%
• Olentangy (Lewis Center area)   +12%
• New Albany   +10%
• Marysville   +8%
• Gahanna   +7%
• Hilliard   +7%
• Delaware   +5%
• Westerville   +4%
• Big Walnut   (2%)

One thing to keep in mind is that these are the average SALE PRICES for the school district. It does not represent the price increase a given home might experience. It only represents the prices that buyers are paying for a home in that district.

Regarding Buckeye Valley, most likely the increase reflects the new development that is occurring there. The newer homes would be more upscale than the older rural homes that are prevalent in the district. Big Walnut's data is apt to also be skewed as to whether a new development was selling heavily during one of the years.

Read more year-end posts for the Central Ohio real estate market.

• Average central Ohio home prices by school district - updated monthly
• Average central Ohio home prices by suburb subdivisions - updated monthly
• View a list of Central Ohio new home builders
• Powell Ohio area map showing key subdivisions, zip codes, growth area for new development
• Lewis Center Ohio area map showing key subdivisions, zip codes, growth area for new development
• Dublin Ohio area map showing key subdivisions, zip codes, growth area for new development
• Worthington Ohio area map
• Hilliard Ohio area map
• ElaineReese.com for lots of helpful info for home buyers and sellers
• ReesesPiecesOfRealEstate.com (my blog) for more personalized info for buyers & sellers
• View videos of Elaine's listings