Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Novelty area can be challenging. Home prices in Novelty are now at a median cost of $262,672, higher than the Ohio average of $181,280.
The average cost of rent is $1,165/mo in Novelty, primarily driven by the current value of real estate in the Novelty area. While nearly 35.19% of residents own their homes outright in Novelty, 21.55% rent.
Housing affordability isn’t just about home prices, though. The average household income in Novelty is $8,055 per month. Households that rent pay about 14.46% of their income on rent here. Novelty's most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Fowlers Mill, OH: equally priced homes
- Chesterland, OH: equally priced homes
- Chardon, OH: equally priced homes
- Newbury, OH: less expensive homes
- Aquilla, OH: less expensive homes
- Kirtland, OH: higher priced homes
- Kirtland Hills, OH: higher priced homes
- Gates Mills, OH: higher priced homes
- Hunting Valley, OH: higher priced homes
- South Russell, OH: higher priced homes
Cities with Similar Populations
- Milaca, MN: less expensive homes
- Mondovi, WI: less expensive homes
- Monclova, OH: higher priced homes
- Momence, IL: less expensive homes
- Molino, FL: less expensive homes
- Mojave, CA: less expensive homes
- Mira Monte, CA: higher priced homes
- Mineral Bluff, GA: less expensive homes
- Mine Hill, NJ: higher priced homes
- Minden, NV: higher priced homes
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