Cadiz, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Cadiz Neighborhoods Since 2000




Cadiz, 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

Cadiz Housing Market Information

With 3,271 people, 1,275 houses or apartments, and a median cost of homes of $106,217, house prices in Cadiz are solidly below the national average.

Single-family detached homes are the single most common housing type in Cadiz, accounting for 73.13% of the village's housing units. Other types of housing that are prevalent in Cadiz include duplexes, homes converted to apartments or other small apartment buildings ( 9.79%), mobile homes or trailers ( 9.20%), and a few large apartment complexes or high rise apartments ( 5.91%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Cadiz. Owner-occupied housing accounts for 66.41% of Cadiz's homes, and 60.25% 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. Cadiz's housing was primarily built during this period, from the '40s through the '60s. A full 40.54% of the village's housing hails from this era. Other housing ages represented in Cadiz include homes built before 1939 ( 27.92%) and housing constructed between 1970-1999 ( 25.76%). There's also some housing in Cadiz built between 2000 and later ( 5.78%).

Vacant housing appears to be an issue in Cadiz. Fully 16.23% of the housing stock is classified as vacant. Left unchecked, vacant Cadiz homes and apartments can be a drag on the real estate market, holding Cadiz 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.

Cadiz Home Appreciation Rates

In the last 10 years, Cadiz has experienced some of the highest home appreciation rates of any community in the nation. Cadiz real estate appreciated 14.97% over the last ten years, which is an average annual home appreciation rate of 1.40%, putting Cadiz in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Cadiz definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Cadiz appreciation rates have trailed the rest of the nation. In the last twelve months, Cadiz's appreciation rate has been 2.97%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cadiz were at -0.60%, which equates to an annual appreciation rate of -2.39%.

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

Relative to Ohio, our data show that Cadiz's latest annual appreciation rate is lower than 50% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$106,217

Cadiz, OH HOME PRICES

Value Range
> $1,101,000 1.3
$826,001 - $1,101,000 0.0
$551,001 - $826,000 0.0
$441,001 - $551,000 0.0
$330,001 - $441,000 3.0
$220,001 - $330,000 5.6
$110,001 - $220,000 35.8
$55,001 - $110,000 42.0
$0 - $55,000 12.3

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
73.5556076409235 74.1469816272966

Number Of Homes And Apartments:
1,275

Cadiz 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
34.21% 1.72% 10 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$736 / per month

Homeownership Rate

Homeownership
Owners 66.41
Renters 33.59
Vacant 16.23

Housing Market Details

 

Age of Homes

AGE OF Cadiz HOMES
2000 or Newer 5.8
1970 - 1999 25.8
1940 - 1969 40.5
1939 or Older 27.9

Types of Homes

TYPE OF Cadiz HOMES
Single-Family 73.1
Townhomes 2.0
Small Apt. Buildings 9.8
Apt. Complexes 5.9
Mobile Homes 9.2
Other 0.0

Home Size

SIZE OF Cadiz HOMES
No Bedroom 0.00
1 Bedroom 6.24
2 Bedrooms 30.22
3 Bedrooms 41.92
4 Bedrooms 18.33
5 or more bedrooms 3.29