Batavia, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Batavia, 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

Batavia Housing Market Information

With 1,648 people, 652 houses or apartments, and a median cost of homes of $161,753, Batavia 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 Batavia, accounting for 63.94% of the village's housing units. Other types of housing that are prevalent in Batavia include large apartment complexes or high rise apartments ( 21.79%), duplexes, homes converted to apartments or other small apartment buildings ( 11.02%), and a few row houses and other attached homes ( 3.24%).

The most prevalent building size and type in Batavia are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 58.87% owning and 41.13% renting.

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. Batavia's housing was primarily built during this period, from the '40s through the '60s. A full 39.43% of the village's housing hails from this era. Other housing ages represented in Batavia include homes built before 1939 ( 30.61%) and housing constructed between 1970-1999 ( 18.68%). There's also some housing in Batavia built between 2000 and later ( 11.28%).

Vacant housing appears to be an issue in Batavia. Fully 15.43% of the housing stock is classified as vacant. Left unchecked, vacant Batavia homes and apartments can be a drag on the real estate market, holding Batavia 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.

Batavia Home Appreciation Rates

Real estate appreciation rates in Batavia's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.37% during the period.

Appreciation rates are so strong in Batavia that despite a nationwide downturn in the housing market, Batavia real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Batavia appreciation rates continue to be some of the highest in America, at 7.67%, which is higher than appreciation rates in 85.19% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Batavia. Batavia appreciation rates in the latest quarter were at 0.43%, which equates to an annual appreciation rate of 1.74%.

Relative to Ohio, our data show that Batavia's latest annual appreciation rate is higher 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 village. Individual neighborhoods within Batavia differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Batavia - 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 Batavia real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$161,753

Batavia, OH HOME PRICES

Value Range
> $1,124,000 1.2
$843,001 - $1,124,000 0.0
$562,001 - $843,000 0.2
$449,001 - $562,000 0.6
$337,001 - $449,000 5.2
$225,001 - $337,000 14.0
$112,001 - $225,000 64.2
$56,001 - $112,000 11.0
$0 - $56,000 3.6

High for OH
Average for Nation

Value Relative to Nation Value Relative to State
44.902144615024 29.7900262467192

Number Of Homes And Apartments:
652

Batavia 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
13.68% 0.75% 6 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$918 / per month

Homeownership Rate

Homeownership
Owners 58.87
Renters 41.13
Vacant 15.43

Housing Market Details

 

Age of Homes

AGE OF Batavia HOMES
2000 or Newer 11.3
1970 - 1999 18.7
1940 - 1969 39.4
1939 or Older 30.6

Types of Homes

TYPE OF Batavia HOMES
Single-Family 63.9
Townhomes 3.2
Small Apt. Buildings 11.0
Apt. Complexes 21.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Batavia HOMES
No Bedroom 3.50
1 Bedroom 13.88
2 Bedrooms 29.05
3 Bedrooms 42.28
4 Bedrooms 10.12
5 or more bedrooms 1.17