Ashtabula, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Ashtabula Neighborhoods Since 2000




Ashtabula, OH Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Ashtabula Housing Market Information

With 18,371 people, 7,692 houses or apartments, and a median cost of homes of $67,008, house prices in Ashtabula are some of the most affordable in Ohio as well as the nation.

Single-family detached homes are the single most common housing type in Ashtabula, accounting for 64.35% of the city's housing units. Other types of housing that are prevalent in Ashtabula include duplexes, homes converted to apartments or other small apartment buildings ( 14.95%), large apartment complexes or high rise apartments ( 14.84%), and a few mobile homes or trailers ( 3.59%).

The most prevalent building size and type in Ashtabula are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 46.54% owning and 53.46% renting.

The housing in Ashtabula was primarily built before 1939 ( 39.22%), making the housing stock in Ashtabula some of the oldest overall in America, although there is a range of ages of homes in Ashtabula. The next most important housing age is between 1940-1969 ( 36.33%), followed by between 1970-1999 ( 20.59%). There's also some housing in Ashtabula built between 2000 and later ( 3.86%).

Vacant housing appears to be an issue in Ashtabula. Fully 15.44% of the housing stock is classified as vacant. Left unchecked, vacant Ashtabula homes and apartments can be a drag on the real estate market, holding Ashtabula 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.

Ashtabula Home Appreciation Rates

Homes have actually lost value in Ashtabula over the last then years, as home values have seen a decline of 19.21% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Ashtabula home appreciation rates at -0.60%, which equates to an annual appreciation rate of -2.39%.

Over the last year, Ashtabula appreciation rates have trailed the rest of the nation. In the last twelve months, Ashtabula's appreciation rate has been -6.62%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ashtabula were at -0.60%, which equates to an annual appreciation rate of -2.39%.

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

Relative to Ohio, our data show that Ashtabula's latest annual appreciation rate is lower than 90% 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 Ashtabula differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ashtabula - 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 2000, to assist you in making the best Ashtabula real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$67,008

Ashtabula, OH HOME PRICES

Value Range
> $947,000 0.2
$710,001 - $947,000 0.2
$474,001 - $710,000 0.9
$379,001 - $474,000 0.6
$284,001 - $379,000 0.8
$189,001 - $284,000 3.4
$95,001 - $189,000 22.0
$47,001 - $95,000 47.8
$0 - $47,000 24.1

Very Low for OH
Very Low for Nation

Value Relative to Nation Value Relative to State
96.2967303410289 98.0314960629921

Number Of Homes And Apartments:
7,692

Ashtabula Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
-13.57% -0.84% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$842 / per month

Homeownership Rate

Homeownership
Owners 46.54
Renters 53.46
Vacant 15.44

Housing Market Details

 

Age of Homes

AGE OF Ashtabula HOMES
2000 or Newer 3.9
1970 - 1999 20.6
1940 - 1969 36.3
1939 or Older 39.2

Types of Homes

TYPE OF Ashtabula HOMES
Single-Family 64.3
Townhomes 2.3
Small Apt. Buildings 15.0
Apt. Complexes 14.8
Mobile Homes 3.6
Other 0.0

Home Size

SIZE OF Ashtabula HOMES
No Bedroom 1.10
1 Bedroom 14.20
2 Bedrooms 29.29
3 Bedrooms 42.41
4 Bedrooms 10.87
5 or more bedrooms 2.12