Bellbrook, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bellbrook, OH Real Estate Data


Bellbrook Housing Market Information

With 7,053 people, 2,827 houses or apartments, and a median cost of homes of $207,581, Bellbrook real estate is some of the most expensive in Ohio, although Bellbrook home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Bellbrook, accounting for 83.45% of the city's housing units. Other types of housing that are prevalent in Bellbrook include duplexes, homes converted to apartments or other small apartment buildings ( 8.34%), large apartment complexes or high rise apartments ( 4.35%), and a few row houses and other attached homes ( 3.86%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bellbrook. Owner-occupied housing accounts for 82.99% of Bellbrook's homes, and 81.95% have either three or four bedrooms, which is average sized relative to America.

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. Bellbrook's housing was primarily built during this period, from the '40s through the '60s. A full 54.38% of the city's housing hails from this era. Other housing ages represented in Bellbrook include homes built between 1970-1999 ( 36.02%) and housing constructed between 2000 and later ( 8.28%). There's also some housing in Bellbrook built before 1939 ( 1.32%).

Bellbrook Home Appreciation Rates

Appreciation rates for homes in Bellbrook have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.55%, which ranks in the top 50% nationwide. This equates to an annual average Bellbrook house appreciation rate of 0.35%.

Over the last year, Bellbrook appreciation rates have trailed the rest of the nation. In the last twelve months, Bellbrook's appreciation rate has been 3.70%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bellbrook were at 1.35%, which equates to an annual appreciation rate of 5.50%.

Relative to Ohio, our data show that Bellbrook's latest annual appreciation rate is lower than 80% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$207,581

Bellbrook, OH HOME PRICES

Value Range
> $1,134,000 0.2
$850,001 - $1,134,000 0.2
$567,001 - $850,000 2.8
$453,001 - $567,000 3.9
$340,001 - $453,000 8.1
$226,001 - $340,000 25.1
$114,001 - $226,000 54.8
$57,001 - $114,000 3.4
$0 - $57,000 1.7

Very High for OH
High for Nation

Value Relative to Nation Value Relative to State
31.3228318791357 14.1732283464567

Number Of Homes And Apartments:
2,827

Rent & Ownership

 

Average Market Rent:
$1,166 / per month

Homeownership Rate

Homeownership
Owners 82.99
Renters 17.01
Vacant 1.70

Housing Market Details

 

Age of Homes

AGE OF Bellbrook HOMES
2000 or Newer 8.3
1970 - 1999 36.0
1940 - 1969 54.4
1939 or Older 1.3

Types of Homes

TYPE OF Bellbrook HOMES
Single-Family 83.4
Townhomes 3.9
Small Apt. Buildings 8.3
Apt. Complexes 4.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Bellbrook HOMES
No Bedroom 0.00
1 Bedroom 2.89
2 Bedrooms 11.06
3 Bedrooms 62.00
4 Bedrooms 19.96
5 or more bedrooms 4.10

Bellbrook 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
18.77% 1.02% 7 2
* 10 is highest