menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Conneaut, OH Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Conneaut, OH Housing Market Trends

With 12,400 people, 4,686 houses or apartments, and a median cost of homes of $121,117, house prices in Conneaut are some of the most affordable in Ohio as well as the nation.

Single-family detached homes are the single most common housing type in Conneaut, accounting for 81.79% of the city's housing units. Other types of housing that are prevalent in Conneaut include duplexes, homes converted to apartments or other small apartment buildings ( 7.37%), large apartment complexes or high rise apartments ( 6.62%), and a few mobile homes or trailers ( 3.07%).

The most prevalent building size and type in Conneaut are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.94% owning and 38.06% renting.

The housing in Conneaut was primarily built before 1939 ( 43.76%), making the housing stock in Conneaut some of the oldest overall in America, although there is a range of ages of homes in Conneaut. The next most important housing age is between 1940-1969 ( 35.58%), followed by between 1970-1999 ( 18.98%). There's also some housing in Conneaut built between 2000 and later ( 1.69%).

Vacant housing appears to be an issue in Conneaut. Fully 15.93% of the housing stock is classified as vacant. Left unchecked, vacant Conneaut homes and apartments can be a drag on the real estate market, holding Conneaut 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.

Conneaut Home Appreciation Rates

Conneaut's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Conneaut during the period has been just 4.40%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Conneaut's appreciation rate, at 6.13%, has been at or slightly above the national average. In the latest quarter, Conneaut's appreciation rate has been 0.97%, which annualizes to a rate of 3.94%.

Relative to Ohio, our data show that Conneaut's latest annual appreciation rate is lower than 50% of the other cities and towns in Ohio.

Average Home Values

Median Home Value

$121,117

Conneaut, OH Home Prices
> $1,313,000
$985,001 - $1,313,000
$656,001 - $985,000
$525,001 - $656,000
$394,001 - $525,000
$263,001 - $394,000
$131,001 - $263,000
$65,001 - $131,000
$0 - $65,000
0.2%
0.2%
0.2%
0.2%
0.9%
0.9%
0.8%
0.8%
0.7%
0.7%
8.2%
8.2%
38.7%
38.7%
35.0%
35.0%
15.3%
15.3%
0% 100.0%
% of Homes
Very Low

for Ohio

Very Low

for nation

Number of Homes And Apartments:

4,686

Conneaut Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,150 / per month

Homeownership Rate

Owners
Renters
61.9%
61.9%
38.1%
38.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
15.9%
15.9%
84.1%
84.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
1.7%
1.7%
19.0%
19.0%
35.6%
35.6%
43.8%
43.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
81.8%
81.8%
1.1%
1.1%
7.4%
7.4%
6.6%
6.6%
3.1%
3.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.8%
1.8%
6.7%
6.7%
30.5%
30.5%
42.0%
42.0%
17.5%
17.5%
1.4%
1.4%
0% 100.0%
% of Homes