Three area cities among healthiest housing markets in Ohio

Three cities in the region have been named among the Top 10 “healthiest” housing markets in Ohio, and one local community ranks third nationally, according to a recent study conducted by the finance website SmartAsset.

Northridge area in Clark County ranked No. 1 in Ohio and No. 3 nationally, based on the average number of years residents spend in their homes, housing prices, ease of sale and home ownership costs, according to SmartAsset.

RELATED:Dayton area home sales reach high

The average homeowner in Northridge lives in a residence for 16.7 years, and home costs equal about 16 percent of annual household income, on average, the study found. Meanwhile, about 10 percent of Northridge homeowners have negative equity in their homes, and 12 percent of Northridge homes are declining in value.

RELATED:Ohio foreclosures hit 10-year low

Oxford in Butler County ranked No. 7 in Ohio, and Beavercreek in Greene County ranked No. 10 for housing markets in the state in which homeowners can easily sell their homes with a low risk of losing money over the long run, according to SmartAsset.

About the Author