Canal Winchester, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Canal Winchester, OH Real Estate Data


Canal Winchester Housing Market Information

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%).

Canal Winchester Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$220,905

Canal Winchester, OH HOME PRICES

Value Range
> $1,198,000 0.0
$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

Very High for OH
High for Nation

Value Relative to Nation Value Relative to State
28.4183404579259 11.9422572178478

Number Of Homes And Apartments:
2,738

Rent & Ownership

 

Average Market Rent:
$985 / per month

Homeownership Rate

Homeownership
Owners 87.13
Renters 12.87
Vacant 8.70

Housing Market Details

 

Age of Homes

AGE OF Canal Winchester HOMES
2000 or Newer 44.6
1970 - 1999 39.2
1940 - 1969 8.7
1939 or Older 7.5

Types of Homes

TYPE OF Canal Winchester HOMES
Single-Family 76.2
Townhomes 6.9
Small Apt. Buildings 10.9
Apt. Complexes 5.6
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Canal Winchester HOMES
No Bedroom 0.97
1 Bedroom 4.50
2 Bedrooms 15.37
3 Bedrooms 42.31
4 Bedrooms 33.98
5 or more bedrooms 2.87

Canal Winchester Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2016 Q3
19.02% 1.03% 7 2
* 10 is highest

Popular Neighborhoods in Canal Winchester

Zip Codes in Canal Winchester, OH