With 7,818 people, 2,738 houses or apartments, and a median cost of homes of $220,905, Canal Winchester real estate is some of the most expensive in Ohio, although Canal Winchester home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Canal Winchester, accounting for 76.19% of the village's housing units. Other types of housing that are prevalent in Canal Winchester include duplexes, homes converted to apartments or other small apartment buildings ( 10.87%), row houses and other attached homes ( 6.87%), and a few large apartment complexes or high rise apartments ( 5.57%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Canal Winchester. Owner-occupied housing accounts for 87.13% of Canal Winchester's homes, and 76.29% have either three or four bedrooms, which is average sized relative to America.
Canal Winchester homes and real estate are some of the newest in America. 44.58% of Canal Winchester's housing was built since 2000, making the village have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Canal Winchester real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 39.21%), and between 1940-1969 ( 8.70%). There's also some housing in Canal Winchester built before 1939 ( 7.50%).
Appreciation rates for homes in Canal Winchester have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.03%, which ranks in the top 50% nationwide. This equates to an annual average Canal Winchester house appreciation rate of 0.59%.
Appreciation rates are so strong in Canal Winchester that despite a nationwide downturn in the housing market, Canal Winchester real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Canal Winchester appreciation rates continue to be some of the highest in America, at 6.81%, which is higher than appreciation rates in 82.96% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Canal Winchester. Canal Winchester appreciation rates in the latest quarter were at 2.81%, which equates to an annual appreciation rate of 11.73%.
Importantly, this makes Canal Winchester one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.
Relative to Ohio, our data show that Canal Winchester's latest annual appreciation rate is higher than 90% of the other cities and towns in Ohio.
|$898,001 - $1,198,000||0.0|
|$599,001 - $898,000||0.3|
|$479,001 - $599,000||1.3|
|$359,001 - $479,000||3.4|
|$240,001 - $359,000||31.1|
|$120,001 - $240,000||56.2|
|$60,001 - $120,000||4.5|
|$0 - $60,000||3.1|
|Value Relative to Nation||Value Relative to State|
|AGE OF Canal Winchester HOMES|
|2000 or Newer||44.6|
|1970 - 1999||39.2|
|1940 - 1969||8.7|
|1939 or Older||7.5|
|TYPE OF Canal Winchester HOMES|
|Small Apt. Buildings||10.9|
|SIZE OF Canal Winchester HOMES|
|5 or more bedrooms||2.87|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
2000 Q1 - 2016 Q3
|* 10 is highest|