Columbus Grove, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Columbus Grove, 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

Columbus Grove Housing Market Information

With 2,063 people, 857 houses or apartments, and a median cost of homes of $119,419, house prices in Columbus Grove are solidly below the national average.

Single-family detached homes are the single most common housing type in Columbus Grove, accounting for 77.36% of the village's housing units. Other types of housing that are prevalent in Columbus Grove include mobile homes or trailers ( 12.79%), duplexes, homes converted to apartments or other small apartment buildings ( 3.76%), and a few large apartment complexes or high rise apartments ( 3.65%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Columbus Grove. Owner-occupied housing accounts for 84.60% of Columbus Grove's homes, and 63.25% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Columbus Grove built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Columbus Grove built before 1939 ( 29.95%). A lesser amount of the housing stock also hails from between 1940-1969 ( 29.64%). There's also some housing in Columbus Grove built between 2000 and later ( 5.99%).

Vacant housing appears to be an issue in Columbus Grove. Fully 12.99% of the housing stock is classified as vacant. Left unchecked, vacant Columbus Grove homes and apartments can be a drag on the real estate market, holding Columbus Grove 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.

Columbus Grove Home Appreciation Rates

Appreciation rates for homes in Columbus Grove have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.73%, which ranks in the top 50% nationwide. This equates to an annual average Columbus Grove house appreciation rate of 0.07%.

NeighborhoodScout's data show that during the latest twelve months, Columbus Grove's appreciation rate, at 5.26%, has been at or slightly above the national average. In the latest quarter, Columbus Grove's appreciation rate has been -0.60%, which annualizes to a rate of -2.39%.

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

Relative to Ohio, our data show that Columbus Grove's latest annual appreciation rate is higher than 80% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$119,419

Columbus Grove, OH HOME PRICES

Value Range
> $1,062,000 0.0
$797,001 - $1,062,000 0.0
$531,001 - $797,000 0.0
$425,001 - $531,000 0.0
$318,001 - $425,000 1.3
$212,001 - $318,000 10.1
$106,001 - $212,000 48.7
$53,001 - $106,000 26.4
$0 - $53,000 13.5

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
65.7330364467362 63.6482939632546

Number Of Homes And Apartments:
857

Columbus Grove 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
30.12% 1.54% 9 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$924 / per month

Homeownership Rate

Homeownership
Owners 84.60
Renters 15.40
Vacant 12.99

Housing Market Details

 

Age of Homes

AGE OF Columbus Grove HOMES
2000 or Newer 6.0
1970 - 1999 34.4
1940 - 1969 29.6
1939 or Older 29.9

Types of Homes

TYPE OF Columbus Grove HOMES
Single-Family 77.4
Townhomes 2.4
Small Apt. Buildings 3.8
Apt. Complexes 3.7
Mobile Homes 12.8
Other 0.0

Home Size

SIZE OF Columbus Grove HOMES
No Bedroom 0.00
1 Bedroom 3.05
2 Bedrooms 33.20
3 Bedrooms 53.81
4 Bedrooms 9.44
5 or more bedrooms 0.51

Popular Neighborhoods in Columbus Grove

Zip Codes in Columbus Grove, OH