Batavia, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Batavia, OH Real Estate Data


Batavia Housing Market Information

With a population of 1,648, 677 total housing units (homes and apartments), and a median house value of $149,890, 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 68.35% of the village's housing units. Other types of housing that are prevalent in Batavia include large apartment complexes or high rise apartments ( 16.08%), duplexes, homes converted to apartments or other small apartment buildings ( 12.84%), and a few row houses and other attached homes ( 2.72%).

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 51.14% owning and 48.86% 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 41.37% of the village's housing hails from this era. Other housing ages represented in Batavia include homes built before 1939 ( 30.35%) and housing constructed between 1970-1999 ( 18.68%). There's also some housing in Batavia built between 2000 and later ( 9.60%).

Vacant housing appears to be an issue in Batavia. Fully 12.19% 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

Batavia's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Batavia during the period has been just -0.95%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Batavia's appreciation rate, at 4.38%, has been at or slightly above the national average. In the latest quarter, Batavia's appreciation rate has been 2.34%, which annualizes to a rate of 9.71%.

Relative to Ohio, our data show that Batavia'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 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:
$149,890

Batavia, OH HOME PRICES

Value Range
> $1,074,000 0.9
$805,001 - $1,074,000 0.0
$537,001 - $805,000 0.2
$429,001 - $537,000 0.7
$322,001 - $429,000 5.4
$215,001 - $322,000 11.7
$107,001 - $215,000 59.5
$54,001 - $107,000 15.0
$0 - $54,000 6.8

Average for OH
Average for Nation

Value Relative to Nation Value Relative to State
50.8285998711718 40.9448818897638

Number Of Homes And Apartments:
677

Rent & Ownership

 

Average Market Rent:
$860 / per month

Homeownership Rate

Homeownership
Owners 51.14
Renters 48.86
Vacant 12.19

Housing Market Details

 

Age of Homes

AGE OF Batavia HOMES
2000 or Newer 9.6
1970 - 1999 18.7
1940 - 1969 41.4
1939 or Older 30.4

Types of Homes

TYPE OF Batavia HOMES
Single-Family 68.4
Townhomes 2.7
Small Apt. Buildings 12.8
Apt. Complexes 16.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Batavia HOMES
No Bedroom 1.04
1 Bedroom 11.80
2 Bedrooms 31.65
3 Bedrooms 43.71
4 Bedrooms 11.15
5 or more bedrooms 0.65

Batavia 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
8.17% 0.46% 4 1
* 10 is highest