Canal Winchester, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Canal Winchester, 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

Canal Winchester Housing Market Information

With a population of 7,818, 2,818 total housing units (homes and apartments), and a median house value of $211,088, 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 73.66% 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 ( 11.92%), row houses and other attached homes ( 7.16%), and a few large apartment complexes or high rise apartments ( 6.77%).

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 83.96% of Canal Winchester's homes, and 71.95% 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. 44.83% 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 ( 39.97%), and between 1940-1969 ( 9.06%). There's also some housing in Canal Winchester built before 1939 ( 6.14%).

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 8.95%, which ranks in the top 40% nationwide. This equates to an annual average Canal Winchester house appreciation rate of 0.86%.

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 7.73%, which is higher than appreciation rates in 85.47% 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 0.34%, which equates to an annual appreciation rate of 1.37%.

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:
$211,088

Canal Winchester, OH HOME PRICES

Value Range
> $1,195,000 0.0
$896,001 - $1,195,000 0.0
$597,001 - $896,000 0.4
$478,001 - $597,000 1.2
$359,001 - $478,000 3.5
$239,001 - $359,000 28.0
$119,001 - $239,000 59.5
$60,001 - $119,000 4.7
$0 - $60,000 2.7

Very High for OH
High for Nation

Value Relative to Nation Value Relative to State
29.6437360834408 12.8608923884514

Number Of Homes And Apartments:
2,818

Canal Winchester 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
21.43% 1.13% 8 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$994 / per month

Homeownership Rate

Homeownership
Owners 83.96
Renters 16.04
Vacant 7.45

Housing Market Details

 

Age of Homes

AGE OF Canal Winchester HOMES
2000 or Newer 44.8
1970 - 1999 40.0
1940 - 1969 9.1
1939 or Older 6.1

Types of Homes

TYPE OF Canal Winchester HOMES
Single-Family 73.7
Townhomes 7.2
Small Apt. Buildings 11.9
Apt. Complexes 6.8
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Canal Winchester HOMES
No Bedroom 0.99
1 Bedroom 5.55
2 Bedrooms 18.42
3 Bedrooms 40.89
4 Bedrooms 31.07
5 or more bedrooms 3.09

Popular Neighborhoods in Canal Winchester

Zip Codes in Canal Winchester, OH