Carrollton, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Carrollton Neighborhoods Since 2000




Carrollton, 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

Carrollton Housing Market Information

With 3,137 people, 1,303 houses or apartments, and a median cost of homes of $139,747, Carrollton real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Carrollton, accounting for 69.72% of the village's housing units. Other types of housing that are prevalent in Carrollton include large apartment complexes or high rise apartments ( 13.72%), duplexes, homes converted to apartments or other small apartment buildings ( 11.03%), and a few row houses and other attached homes ( 4.55%).

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

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. Carrollton's housing was primarily built during this period, from the '40s through the '60s. A full 43.31% of the village's housing hails from this era. Other housing ages represented in Carrollton include homes built before 1939 ( 28.83%) and housing constructed between 1970-1999 ( 20.69%). There's also some housing in Carrollton built between 2000 and later ( 7.17%).

Vacant housing appears to be an issue in Carrollton. Fully 10.14% of the housing stock is classified as vacant. Left unchecked, vacant Carrollton homes and apartments can be a drag on the real estate market, holding Carrollton 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.

Carrollton Home Appreciation Rates

Appreciation rates for homes in Carrollton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.31%, which ranks in the top 50% nationwide. This equates to an annual average Carrollton house appreciation rate of 0.23%.

Appreciation rates are so strong in Carrollton that despite a nationwide downturn in the housing market, Carrollton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Carrollton appreciation rates continue to be some of the highest in America, at 7.74%, which is higher than appreciation rates in 85.51% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Carrollton. Carrollton appreciation rates in the latest quarter were at 0.95%, which equates to an annual appreciation rate of 3.83%.

Relative to Ohio, our data show that Carrollton's latest annual appreciation rate is higher than 90% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$139,747

Carrollton, OH HOME PRICES

Value Range
> $1,167,000 1.0
$876,001 - $1,167,000 0.0
$584,001 - $876,000 1.2
$467,001 - $584,000 0.0
$350,001 - $467,000 2.1
$234,001 - $350,000 11.4
$117,001 - $234,000 43.8
$58,001 - $117,000 33.4
$0 - $58,000 7.1

Average for OH
Average for Nation

Value Relative to Nation Value Relative to State
54.8517520215633 45.2755905511811

Number Of Homes And Apartments:
1,303

Carrollton 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
15.94% 0.86% 7 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$767 / per month

Homeownership Rate

Homeownership
Owners 53.89
Renters 46.11
Vacant 10.14

Housing Market Details

 

Age of Homes

AGE OF Carrollton HOMES
2000 or Newer 7.2
1970 - 1999 20.7
1940 - 1969 43.3
1939 or Older 28.8

Types of Homes

TYPE OF Carrollton HOMES
Single-Family 69.7
Townhomes 4.6
Small Apt. Buildings 11.0
Apt. Complexes 13.7
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF Carrollton HOMES
No Bedroom 0.00
1 Bedroom 21.72
2 Bedrooms 27.17
3 Bedrooms 37.17
4 Bedrooms 8.55
5 or more bedrooms 5.38