Massillon appreciation rates and housing market information

Massillon housing market information

With 31,384 people, 13,539 houses or apartments, and a median cost of homes of $111,882, house prices in Massillon are solidly below the national average.

single-family detached homes are the single most common housing type in Massillon, accounting for 74.15% of the city's housing units. Other types of housing that are prevalent in Massillon include duplexes, homes converted to apartments, or other small apartment buildings (12.42%), large apartment complexes or high rise apartments (8.88%), mobile homes or trailers (2.77%), and a few row houses and other attached homes (1.79%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Massillon. Owner-occupied housing accounts for 64.03% of Massillon's homes, and 56.58% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Massillon's housing was primarily built during this period, from the '40s through the '60s. A full 38.53% of the city's housing hails from this era. Other housing ages represented in Massillon include homes built between 1939 and earlier (38.45%), and housing constructed from 1970-1994 (18.35%). There's also some housing in Massillon built between 1995 and later (4.67%).

Massillon home appreciation rates

Massillon's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Massillon during the period has been just 4.41%, which is lower than % of US communities.

NeighborhoodScout's data show that during the latest twelve months, Massillon home appreciation rates, at 0.90%, have been at or slightly above the national average. In the latest quarter, Massillon's appreciation rate has been 2.81%, which annualizes to a rate of 11.24%.

Importantly, this makes Massillon one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Ohio, our data show that Massillon's latest annual appreciation rate is higher than 49% of the other cities and towns in Ohio.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Massillon differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Massillon - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Massillon real estate investment or home purchase decisions.