Burton, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Burton Neighborhoods Since 2000




Burton, 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

Burton Housing Market Information

With a population of 1,461, 534 total housing units (homes and apartments), and a median house value of $187,118, Burton real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Burton, accounting for 56.02% of the village's housing units. Other types of housing that are prevalent in Burton include duplexes, homes converted to apartments or other small apartment buildings ( 23.91%), large apartment complexes or high rise apartments ( 15.38%), and a few row houses and other attached homes ( 4.68%).

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

There is a lot of housing in Burton 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 Burton built before 1939 ( 27.26%). A lesser amount of the housing stock also hails from between 1940-1969 ( 25.08%). There's also some housing in Burton built between 2000 and later ( 6.19%).

Vacant housing appears to be an issue in Burton. Fully 10.70% of the housing stock is classified as vacant. Left unchecked, vacant Burton homes and apartments can be a drag on the real estate market, holding Burton 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.

Burton Home Appreciation Rates

Burton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Burton during the period has been just -1.40%, which is lower than 80% of US communities.

Over the last year, Burton appreciation rates have trailed the rest of the nation. In the last twelve months, Burton's appreciation rate has been 1.07%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Burton were at -0.21%, which equates to an annual appreciation rate of -0.82%.

Relative to Ohio, our data show that Burton's latest annual appreciation rate is lower than 70% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$187,118

Burton, OH HOME PRICES

Value Range
> $1,055,000 0.8
$791,001 - $1,055,000 0.8
$528,001 - $791,000 1.0
$422,001 - $528,000 1.0
$317,001 - $422,000 12.9
$211,001 - $317,000 22.3
$106,001 - $211,000 50.8
$52,001 - $106,000 7.4
$0 - $52,000 3.0

Very High for OH
High for Nation

Value Relative to Nation Value Relative to State
35.6615492792687 17.5853018372703

Number Of Homes And Apartments:
534

Burton 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
3.95% 0.22% 4 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$936 / per month

Homeownership Rate

Homeownership
Owners 45.40
Renters 54.60
Vacant 10.70

Housing Market Details

 

Age of Homes

AGE OF Burton HOMES
2000 or Newer 6.2
1970 - 1999 41.5
1940 - 1969 25.1
1939 or Older 27.3

Types of Homes

TYPE OF Burton HOMES
Single-Family 56.0
Townhomes 4.7
Small Apt. Buildings 23.9
Apt. Complexes 15.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Burton HOMES
No Bedroom 1.51
1 Bedroom 12.04
2 Bedrooms 37.63
3 Bedrooms 40.13
4 Bedrooms 6.69
5 or more bedrooms 2.01