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 about Scout's Real Estate Data
With 14,077 people, 5,867 houses or apartments, and a median cost of homes of $122,870, house prices in Bellefontaine 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 Bellefontaine, accounting for 60.78% of the city's housing units. Other types of housing that are prevalent in Bellefontaine include duplexes, homes converted to apartments or other small apartment buildings ( 20.87%), large apartment complexes or high rise apartments ( 11.91%), and a few mobile homes or trailers ( 3.59%).
The most prevalent building size and type in Bellefontaine are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.15% owning and 42.85% renting.
There is a lot of housing in Bellefontaine 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 Bellefontaine built before 1939 ( 27.55%). A lesser amount of the housing stock also hails from between 1940-1969 ( 26.25%). There's also some housing in Bellefontaine built between 2000 and later ( 8.88%).
Vacant housing appears to be an issue in Bellefontaine. Fully 11.54% of the housing stock is classified as vacant. Left unchecked, vacant Bellefontaine homes and apartments can be a drag on the real estate market, holding Bellefontaine 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.
Real estate appreciation rates in Bellefontaine's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.09% during the period.
NeighborhoodScout's data show that during the latest twelve months, Bellefontaine's appreciation rate, at 4.73%, has been at or slightly above the national average. In the latest quarter, Bellefontaine's appreciation rate has been 3.30%, which annualizes to a rate of 13.86%.
Relative to Ohio, our data show that Bellefontaine's latest annual appreciation rate is lower than 60% of the other cities and towns in Ohio.
$122,870
for Ohio
for nation
5,867
$1,250 / per month