Bethel, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Bethel Neighborhoods Since 2000




Bethel, 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

Bethel Housing Market Information

With 2,771 people, 1,057 houses or apartments, and a median cost of homes of $114,671, house prices in Bethel are solidly below the national average.

Single-family detached homes are the single most common housing type in Bethel, accounting for 60.18% of the village's housing units. Other types of housing that are prevalent in Bethel include large apartment complexes or high rise apartments ( 24.51%), duplexes, homes converted to apartments or other small apartment buildings ( 8.06%), and a few row houses and other attached homes ( 7.25%).

People in Bethel primarily live in small (one, two or no bedroom) single-family detached homes. Bethel has a mixture of owner-occupied and renter-occupied housing.

The housing in Bethel was primarily built before 1939 ( 29.89%), making the housing stock in Bethel some of the oldest overall in America, although there is a range of ages of homes in Bethel. The next most important housing age is between 1970-1999 ( 27.69%), followed by between 1940-1969 ( 26.63%). There's also some housing in Bethel built between 2000 and later ( 15.80%).

Vacant housing appears to be an issue in Bethel. Fully 13.93% of the housing stock is classified as vacant. Left unchecked, vacant Bethel homes and apartments can be a drag on the real estate market, holding Bethel 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.

Bethel Home Appreciation Rates

Bethel's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bethel during the period has been just -1.43%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Bethel's appreciation rate, at 5.44%, has been at or slightly above the national average. In the latest quarter, Bethel's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

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

Average Home Values

 

Median Home Value:
$114,671

Bethel, OH HOME PRICES

Value Range
> $1,083,000 0.0
$812,001 - $1,083,000 0.0
$542,001 - $812,000 0.0
$434,001 - $542,000 0.0
$325,001 - $434,000 0.2
$217,001 - $325,000 6.8
$108,001 - $217,000 47.2
$54,001 - $108,000 42.1
$0 - $54,000 3.7

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
68.4870502754014 68.1102362204724

Number Of Homes And Apartments:
1,057

Bethel 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
1.34% 0.08% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$728 / per month

Homeownership Rate

Homeownership
Owners 44.46
Renters 55.54
Vacant 13.93

Housing Market Details

 

Age of Homes

AGE OF Bethel HOMES
2000 or Newer 15.8
1970 - 1999 27.7
1940 - 1969 26.6
1939 or Older 29.9

Types of Homes

TYPE OF Bethel HOMES
Single-Family 60.2
Townhomes 7.2
Small Apt. Buildings 8.1
Apt. Complexes 24.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Bethel HOMES
No Bedroom 1.14
1 Bedroom 16.61
2 Bedrooms 35.75
3 Bedrooms 36.16
4 Bedrooms 8.39
5 or more bedrooms 1.95