Defiance, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Defiance Neighborhoods Since 2000




Defiance, 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

Defiance Housing Market Information

With 16,776 people, 6,841 houses or apartments, and a median cost of homes of $116,341, house prices in Defiance are solidly below the national average.

Single-family detached homes are the single most common housing type in Defiance, accounting for 72.82% of the city's housing units. Other types of housing that are prevalent in Defiance include large apartment complexes or high rise apartments ( 10.78%), duplexes, homes converted to apartments or other small apartment buildings ( 8.04%), and a few mobile homes or trailers ( 4.50%).

The most prevalent building size and type in Defiance are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.98% owning and 38.02% renting.

There is a lot of housing in Defiance 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 Defiance built between 1940-1969 ( 29.78%). A lesser amount of the housing stock also hails from before 1939 ( 27.85%). There's also some housing in Defiance built between 2000 and later ( 9.56%).

Vacant housing appears to be an issue in Defiance. Fully 10.68% of the housing stock is classified as vacant. Left unchecked, vacant Defiance homes and apartments can be a drag on the real estate market, holding Defiance 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.

Defiance Home Appreciation Rates

Real estate appreciation rates in Defiance's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.33% during the period.

Over the last year, Defiance appreciation rates have trailed the rest of the nation. In the last twelve months, Defiance's appreciation rate has been 1.18%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Defiance were at -0.60%, which equates to an annual appreciation rate of -2.39%.

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

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Defiance differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Defiance - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Defiance real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$116,341

Defiance, OH HOME PRICES

Value Range
> $1,066,000 0.3
$800,001 - $1,066,000 0.0
$533,001 - $800,000 0.7
$427,001 - $533,000 0.3
$320,001 - $427,000 0.9
$213,001 - $320,000 8.5
$107,001 - $213,000 40.3
$53,001 - $107,000 36.2
$0 - $53,000 12.8

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
67.5436540489863 67.1916010498688

Number Of Homes And Apartments:
6,841

Defiance 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
8.42% 0.47% 5 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$894 / per month

Homeownership Rate

Homeownership
Owners 61.98
Renters 38.02
Vacant 10.68

Housing Market Details

 

Age of Homes

AGE OF Defiance HOMES
2000 or Newer 9.6
1970 - 1999 32.8
1940 - 1969 29.8
1939 or Older 27.8

Types of Homes

TYPE OF Defiance HOMES
Single-Family 72.8
Townhomes 3.9
Small Apt. Buildings 8.0
Apt. Complexes 10.8
Mobile Homes 4.5
Other 0.0

Home Size

SIZE OF Defiance HOMES
No Bedroom 1.80
1 Bedroom 6.54
2 Bedrooms 27.54
3 Bedrooms 47.60
4 Bedrooms 13.79
5 or more bedrooms 2.73