Arcanum, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Arcanum Neighborhoods Since 2000




Arcanum, OH Real Estate Data


Arcanum Housing Market Information

With a population of 2,087, 993 total housing units (homes and apartments), and a median house value of $152,481, Arcanum real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Arcanum, accounting for 79.66% of the village's housing units. Other types of housing that are prevalent in Arcanum include duplexes, homes converted to apartments or other small apartment buildings ( 15.49%), row houses and other attached homes ( 4.85%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Arcanum. Owner-occupied housing accounts for 65.66% of Arcanum's homes, and 59.98% have either three or four bedrooms, which is average sized relative to America.

The housing in Arcanum was primarily built before 1939 ( 40.02%), making the housing stock in Arcanum some of the oldest overall in America, although there is a range of ages of homes in Arcanum. The next most important housing age is between 1940-1969 ( 29.18%), followed by between 1970-1999 ( 23.48%). There's also some housing in Arcanum built between 2000 and later ( 7.32%).

Arcanum Home Appreciation Rates

Appreciation rates for homes in Arcanum have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.37%, which ranks in the top 40% nationwide. This equates to an annual average Arcanum house appreciation rate of 0.90%.

Appreciation rates are so strong in Arcanum that despite a nationwide downturn in the housing market, Arcanum real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Arcanum appreciation rates continue to be some of the highest in America, at 7.63%, which is higher than appreciation rates in 89.37% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Arcanum. Arcanum appreciation rates in the latest quarter were at 1.15%, which equates to an annual appreciation rate of 4.69%.

Relative to Ohio, our data show that Arcanum's latest annual appreciation rate is higher than 90% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$152,481

Arcanum, OH HOME PRICES

Value Range
> $1,296,000 0.0
$972,001 - $1,296,000 0.2
$648,001 - $972,000 0.0
$518,001 - $648,000 1.8
$389,001 - $518,000 4.1
$259,001 - $389,000 7.2
$130,001 - $259,000 48.1
$65,001 - $130,000 35.6
$0 - $65,000 2.9

High for OH
Average for Nation

Value Relative to Nation Value Relative to State
49.7159922703051 39.238845144357

Number Of Homes And Apartments:
993

Rent & Ownership

 

Average Market Rent:
$896 / per month

Homeownership Rate

Homeownership
Owners 65.66
Renters 34.34
Vacant 5.61

Housing Market Details

 

Age of Homes

AGE OF Arcanum HOMES
2000 or Newer 7.3
1970 - 1999 23.5
1940 - 1969 29.2
1939 or Older 40.0

Types of Homes

TYPE OF Arcanum HOMES
Single-Family 79.7
Townhomes 4.8
Small Apt. Buildings 15.5
Apt. Complexes 0.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Arcanum HOMES
No Bedroom 0.00
1 Bedroom 6.46
2 Bedrooms 32.51
3 Bedrooms 42.40
4 Bedrooms 17.59
5 or more bedrooms 1.05

Arcanum Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
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
18.28% 0.99% 7 2
* 10 is highest