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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Canal Winchester, OH Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Canal Winchester, OH Housing Market Trends

With 9,658 people, 3,646 houses or apartments, and a median cost of homes of $413,305, Canal Winchester real estate is some of the most expensive in Ohio, although Canal Winchester home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Canal Winchester, accounting for 73.82% of the city's housing units. Other types of housing that are prevalent in Canal Winchester include row houses and other attached homes ( 12.12%), duplexes, homes converted to apartments or other small apartment buildings ( 7.69%), and a few large apartment complexes or high rise apartments ( 6.37%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Canal Winchester. Owner-occupied housing accounts for 81.01% of Canal Winchester's homes, and 72.98% have either three or four bedrooms, which is average sized relative to America.

Canal Winchester homes and real estate are some of the newest in America. 44.72% of Canal Winchester's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Canal Winchester real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 36.55%), and between 1940-1969 ( 10.93%). There's also some housing in Canal Winchester built before 1939 ( 7.80%).

Canal Winchester Home Appreciation Rates

In the last 10 years, Canal Winchester has experienced some of the highest home appreciation rates of any community in the nation. Canal Winchester real estate appreciated 127.27% over the last ten years, which is an average annual home appreciation rate of 8.56%, putting Canal Winchester in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Canal Winchester definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Canal Winchester's appreciation rate, at 5.53%, has been at or slightly above the national average. In the latest quarter, Canal Winchester's appreciation rate has been -0.99%, which annualizes to a rate of -3.89%.

Notably, Canal Winchester's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Ohio, our data show that Canal Winchester's latest annual appreciation rate is lower than 70% of the other cities and towns in Ohio.

Average Home Values

Median Home Value

$413,305

Canal Winchester, OH Home Prices
> $1,412,000
$1,059,001 - $1,412,000
$706,001 - $1,059,000
$565,001 - $706,000
$424,001 - $565,000
$282,001 - $424,000
$141,001 - $282,000
$70,001 - $141,000
$0 - $70,000
0.8%
0.8%
0.3%
0.3%
3.2%
3.2%
8.3%
8.3%
28.4%
28.4%
37.7%
37.7%
20.3%
20.3%
0.3%
0.3%
0.7%
0.7%
0% 100.0%
% of Homes
Very High

for Ohio

High

for nation

Number of Homes And Apartments:

3,646

Canal Winchester Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,429 / per month

Homeownership Rate

Owners
Renters
81.0%
81.0%
19.0%
19.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
1.6%
1.6%
98.4%
98.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
44.7%
44.7%
36.5%
36.5%
10.9%
10.9%
7.8%
7.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
73.8%
73.8%
12.1%
12.1%
7.7%
7.7%
6.4%
6.4%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.2%
2.2%
3.6%
3.6%
18.7%
18.7%
44.7%
44.7%
28.3%
28.3%
2.5%
2.5%
0% 100.0%
% of Homes

Popular Neighborhoods in Canal Winchester

Zip Codes in Canal Winchester, OH