Ottawa, KS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Ottawa Neighborhoods Since 2000




Ottawa, KS Real Estate Data


Ottawa Housing Market Information

With 12,387 people, 5,042 houses or apartments, and a median cost of homes of $108,276, house prices in Ottawa are solidly below the national average.

Single-family detached homes are the single most common housing type in Ottawa, accounting for 71.09% of the city's housing units. Other types of housing that are prevalent in Ottawa include duplexes, homes converted to apartments or other small apartment buildings ( 10.61%), large apartment complexes or high rise apartments ( 9.50%), and a few mobile homes or trailers ( 7.11%).

The most prevalent building size and type in Ottawa are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.32% owning and 41.68% renting.

There is a lot of housing in Ottawa built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Ottawa built before 1939 ( 29.48%). A lesser amount of the housing stock also hails from between 1940-1969 ( 28.44%). There's also some housing in Ottawa built between 2000 and later ( 8.01%).

Vacant housing appears to be an issue in Ottawa. Fully 11.00% of the housing stock is classified as vacant. Left unchecked, vacant Ottawa homes and apartments can be a drag on the real estate market, holding Ottawa real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Ottawa Home Appreciation Rates

Real estate appreciation rates in Ottawa's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.24% during the period.

Appreciation rates are so strong in Ottawa that despite a nationwide downturn in the housing market, Ottawa real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ottawa appreciation rates continue to be some of the highest in America, at 6.42%, which is higher than appreciation rates in 79.26% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ottawa. Ottawa appreciation rates in the latest quarter were at 1.82%, which equates to an annual appreciation rate of 7.50%.

Relative to Kansas, our data show that Ottawa's latest annual appreciation rate is higher than 80% of the other cities and towns in Kansas.

Average Home Values

 

Median Home Value:
$108,276

Ottawa, KS HOME PRICES

Value Range
> $1,085,000 0.5
$814,001 - $1,085,000 0.0
$543,001 - $814,000 0.2
$434,001 - $543,000 0.0
$325,001 - $434,000 1.7
$217,001 - $325,000 3.6
$109,001 - $217,000 42.5
$54,001 - $109,000 37.7
$0 - $54,000 13.7

Average for KS
Low for Nation

Value Relative to Nation Value Relative to State
73.5023716109387 47.1631205673759

Number Of Homes And Apartments:
5,042

Rent & Ownership

 

Average Market Rent:
$911 / per month

Homeownership Rate

Homeownership
Owners 58.32
Renters 41.68
Vacant 11.00

Housing Market Details

 

Age of Homes

AGE OF Ottawa HOMES
2000 or Newer 8.0
1970 - 1999 34.1
1940 - 1969 28.4
1939 or Older 29.5

Types of Homes

TYPE OF Ottawa HOMES
Single-Family 71.1
Townhomes 1.7
Small Apt. Buildings 10.6
Apt. Complexes 9.5
Mobile Homes 7.1
Other 0.0

Home Size

SIZE OF Ottawa HOMES
No Bedroom 3.81
1 Bedroom 8.83
2 Bedrooms 33.47
3 Bedrooms 38.99
4 Bedrooms 14.02
5 or more bedrooms 0.88

Ottawa Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KS*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
24.77% 1.31% 1 2
* 10 is highest