Crestline, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Crestline, OH Real Estate Data


Crestline Housing Market Information

With a population of 4,420, 1,876 total housing units (homes and apartments), and a median house value of $89,377, house prices in Crestline 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 Crestline, accounting for 72.70% of the city's housing units. Other types of housing that are prevalent in Crestline include large apartment complexes or high rise apartments ( 10.02%), mobile homes or trailers ( 7.58%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.62%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Crestline. Owner-occupied housing accounts for 67.35% of Crestline's homes, and 61.72% have either three or four bedrooms, which is average sized relative to America.

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. Crestline's housing was primarily built during this period, from the '40s through the '60s. A full 40.21% of the city's housing hails from this era. Other housing ages represented in Crestline include homes built before 1939 ( 32.12%) and housing constructed between 1970-1999 ( 21.42%). There's also some housing in Crestline built between 2000 and later ( 6.25%).

Vacant housing appears to be an issue in Crestline. Fully 13.79% of the housing stock is classified as vacant. Left unchecked, vacant Crestline homes and apartments can be a drag on the real estate market, holding Crestline 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.

Crestline Home Appreciation Rates

Crestline's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Crestline during the period has been just -0.83%, which is lower than 70% of US communities.

Appreciation rates are so strong in Crestline that despite a nationwide downturn in the housing market, Crestline real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Crestline appreciation rates continue to be some of the highest in America, at 5.85%, which is higher than appreciation rates in 72.08% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Crestline. Crestline appreciation rates in the latest quarter were at 1.15%, which equates to an annual appreciation rate of 4.68%.

Relative to Ohio, our data show that Crestline's latest annual appreciation rate is higher than 70% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$89,377

Crestline, OH HOME PRICES

Value Range
> $1,090,000 2.2
$818,001 - $1,090,000 0.3
$545,001 - $818,000 0.0
$436,001 - $545,000 0.0
$327,001 - $436,000 0.0
$218,001 - $327,000 4.0
$109,001 - $218,000 22.0
$54,001 - $109,000 54.0
$0 - $54,000 17.4

Very Low for OH
Very Low for Nation

Value Relative to Nation Value Relative to State
85.7527668794285 90.6824146981627

Number Of Homes And Apartments:
1,876

Rent & Ownership

 

Average Market Rent:
$797 / per month

Homeownership Rate

Homeownership
Owners 67.35
Renters 32.65
Vacant 13.79

Housing Market Details

 

Age of Homes

AGE OF Crestline HOMES
2000 or Newer 6.3
1970 - 1999 21.4
1940 - 1969 40.2
1939 or Older 32.1

Types of Homes

TYPE OF Crestline HOMES
Single-Family 72.7
Townhomes 3.1
Small Apt. Buildings 6.6
Apt. Complexes 10.0
Mobile Homes 7.6
Other 0.0

Home Size

SIZE OF Crestline HOMES
No Bedroom 1.42
1 Bedroom 5.88
2 Bedrooms 29.46
3 Bedrooms 50.92
4 Bedrooms 10.80
5 or more bedrooms 1.52

Crestline Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
-5.01% -0.30% 1 1
* 10 is highest

Popular Neighborhoods in Crestline

Zip Codes in Crestline, OH