Belpre, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lowest

Highest Appreciating Belpre Neighborhoods Since 2000




Belpre, 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

Belpre Housing Market Information

With 6,476 people, 2,973 houses or apartments, and a median cost of homes of $128,378, house prices in Belpre are solidly below the national average.

Single-family detached homes are the single most common housing type in Belpre, accounting for 67.86% of the city's housing units. Other types of housing that are prevalent in Belpre include duplexes, homes converted to apartments or other small apartment buildings ( 12.58%), large apartment complexes or high rise apartments ( 12.27%), and a few mobile homes or trailers ( 4.79%).

The most prevalent building size and type in Belpre are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.68% owning and 35.32% 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. Belpre's housing was primarily built during this period, from the '40s through the '60s. A full 46.92% of the city's housing hails from this era. Other housing ages represented in Belpre include homes built between 1970-1999 ( 34.18%) and housing constructed before 1939 ( 14.08%). There's also some housing in Belpre built between 2000 and later ( 4.82%).

Belpre Home Appreciation Rates

Appreciation rates for homes in Belpre have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.81%, which ranks in the top 30% nationwide. This equates to an annual average Belpre house appreciation rate of 1.03%.

Appreciation rates are so strong in Belpre that despite a nationwide downturn in the housing market, Belpre real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Belpre appreciation rates continue to be some of the highest in America, at 6.97%, which is higher than appreciation rates in 81.21% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Belpre. Belpre appreciation rates in the latest quarter were at -0.60%, which equates to an annual appreciation rate of -2.39%.

Notably, Belpre's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Ohio, our data show that Belpre's latest annual appreciation rate is higher than 90% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$128,378

Belpre, OH HOME PRICES

Value Range
> $1,133,000 0.3
$850,001 - $1,133,000 0.0
$567,001 - $850,000 0.0
$453,001 - $567,000 0.0
$340,001 - $453,000 1.2
$226,001 - $340,000 8.5
$113,001 - $226,000 36.8
$57,001 - $113,000 42.0
$0 - $57,000 11.0

Average for OH
Low for Nation

Value Relative to Nation Value Relative to State
60.7230751201219 55.5118110236221

Number Of Homes And Apartments:
2,973

Belpre 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
25.97% 1.35% 9 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$772 / per month

Homeownership Rate

Homeownership
Owners 64.68
Renters 35.32
Vacant 6.95

Housing Market Details

 

Age of Homes

AGE OF Belpre HOMES
2000 or Newer 4.8
1970 - 1999 34.2
1940 - 1969 46.9
1939 or Older 14.1

Types of Homes

TYPE OF Belpre HOMES
Single-Family 67.9
Townhomes 2.5
Small Apt. Buildings 12.6
Apt. Complexes 12.3
Mobile Homes 4.8
Other 0.0

Home Size

SIZE OF Belpre HOMES
No Bedroom 1.91
1 Bedroom 7.07
2 Bedrooms 37.90
3 Bedrooms 40.81
4 Bedrooms 10.99
5 or more bedrooms 1.31