Conneaut, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Conneaut Neighborhoods Since 2000




Conneaut, 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

Conneaut Housing Market Information

With a population of 12,712, 4,762 total housing units (homes and apartments), and a median house value of $85,694, 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 75.53% 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 ( 10.27%), large apartment complexes or high rise apartments ( 7.13%), and a few mobile homes or trailers ( 6.33%).

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 56.24% owning and 43.76% renting.

The housing in Conneaut was primarily built before 1939 ( 43.45%), 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 ( 32.87%), followed by between 1970-1999 ( 19.94%). There's also some housing in Conneaut built between 2000 and later ( 3.74%).

Vacant housing appears to be an issue in Conneaut. Fully 15.98% 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 -0.88%, which is lower than 70% of US communities.

Over the last year, Conneaut appreciation rates have trailed the rest of the nation. In the last twelve months, Conneaut's appreciation rate has been -0.29%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Conneaut were at -0.60%, which equates to an annual appreciation rate of -2.39%.

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

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

Average Home Values

 

Median Home Value:
$85,694

Conneaut, OH HOME PRICES

Value Range
> $1,057,000 0.1
$793,001 - $1,057,000 0.0
$528,001 - $793,000 0.0
$423,001 - $528,000 0.5
$317,001 - $423,000 0.8
$211,001 - $317,000 5.4
$106,001 - $211,000 34.0
$53,001 - $106,000 35.0
$0 - $53,000 24.3

Very Low for OH
Very Low for Nation

Value Relative to Nation Value Relative to State
86.9448025313489 89.1076115485564

Number Of Homes And Apartments:
4,762

Conneaut 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
0.42% 0.02% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$760 / per month

Homeownership Rate

Homeownership
Owners 56.24
Renters 43.76
Vacant 15.98

Housing Market Details

 

Age of Homes

AGE OF Conneaut HOMES
2000 or Newer 3.7
1970 - 1999 19.9
1940 - 1969 32.9
1939 or Older 43.5

Types of Homes

TYPE OF Conneaut HOMES
Single-Family 75.5
Townhomes 0.7
Small Apt. Buildings 10.3
Apt. Complexes 7.1
Mobile Homes 6.3
Other 0.0

Home Size

SIZE OF Conneaut HOMES
No Bedroom 1.80
1 Bedroom 9.00
2 Bedrooms 26.66
3 Bedrooms 48.04
4 Bedrooms 11.08
5 or more bedrooms 3.42