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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 25,044 people, 6,827 houses or apartments, and a median cost of homes of $183,097, Athens real estate prices are well above average cost compared to national prices.
Large apartment complexes or high rise apartments are the single most common housing type in Athens, accounting for 39.94% of the city's housing units. Other types of housing that are prevalent in Athens include single-family detached homes ( 39.73%), duplexes, homes converted to apartments or other small apartment buildings ( 16.92%), and a few row houses and other attached homes ( 2.83%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.
Athens is dominated by renter-occupied one, two, or no bedrooms apartments. 80.88% of Athens's dwellings are rentals.
There is a lot of housing in Athens 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 Athens built between 1940-1969 ( 25.90%). A lesser amount of the housing stock also hails from before 1939 ( 21.87%). There's also some housing in Athens built between 2000 and later ( 15.38%).
Vacant housing appears to be an issue in Athens. Fully 13.21% of the housing stock is classified as vacant. Left unchecked, vacant Athens homes and apartments can be a drag on the real estate market, holding Athens 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.
In the last 10 years, Athens has experienced some of the highest home appreciation rates of any community in the nation. Athens real estate appreciated 15.96% over the last ten years, which is an average annual home appreciation rate of 1.49%, putting Athens in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Athens definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Athens appreciation rates have trailed the rest of the nation. In the last twelve months, Athens's appreciation rate has been 0.93%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Athens were at -0.60%, which equates to an annual appreciation rate of -2.39%.
Notably, Athens's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Ohio, our data show that Athens's latest annual appreciation rate is lower than 70% 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 Athens differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Athens - 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 Athens real estate investment or home purchase decisions.
|$802,001 - $1,069,000||0.0|
|$535,001 - $802,000||0.5|
|$428,001 - $535,000||0.6|
|$321,001 - $428,000||3.2|
|$214,001 - $321,000||18.5|
|$107,001 - $214,000||34.1|
|$53,001 - $107,000||34.7|
|$0 - $53,000||8.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Athens HOMES|
|2000 or Newer||15.4|
|1970 - 1999||36.9|
|1940 - 1969||25.9|
|1939 or Older||21.9|
|TYPE OF Athens HOMES|
|Small Apt. Buildings||16.9|
|SIZE OF Athens HOMES|
|5 or more bedrooms||5.53|