Eaton, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Eaton, OH Real Estate Data


Eaton Housing Market Information

With 8,217 people, 3,289 houses or apartments, and a median cost of homes of $105,687, house prices in Eaton are solidly below the national average.

Single-family detached homes are the single most common housing type in Eaton, accounting for 71.18% of the city's housing units. Other types of housing that are prevalent in Eaton include large apartment complexes or high rise apartments ( 13.26%), duplexes, homes converted to apartments or other small apartment buildings ( 11.68%), and a few row houses and other attached homes ( 2.67%).

The most prevalent building size and type in Eaton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.15% owning and 43.85% renting.

There is a lot of housing in Eaton 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 Eaton built between 1940-1969 ( 30.59%). A lesser amount of the housing stock also hails from before 1939 ( 24.74%). There's also some housing in Eaton built between 2000 and later ( 10.32%).

Vacant housing appears to be an issue in Eaton. Fully 10.48% of the housing stock is classified as vacant. Left unchecked, vacant Eaton homes and apartments can be a drag on the real estate market, holding Eaton 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.

Eaton Home Appreciation Rates

Eaton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Eaton during the period has been just -0.98%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Eaton's appreciation rate, at 4.86%, has been at or slightly above the national average. In the latest quarter, Eaton's appreciation rate has been 1.15%, which annualizes to a rate of 4.69%.

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

Average Home Values

 

Median Home Value:
$105,687

Eaton, OH HOME PRICES

Value Range
> $1,059,000 0.0
$794,001 - $1,059,000 0.0
$530,001 - $794,000 0.4
$424,001 - $530,000 0.6
$318,001 - $424,000 0.9
$212,001 - $318,000 4.6
$106,001 - $212,000 39.3
$53,001 - $106,000 44.9
$0 - $53,000 9.4

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
75.2532646249341 78.4776902887139

Number Of Homes And Apartments:
3,289

Rent & Ownership

 

Average Market Rent:
$795 / per month

Homeownership Rate

Homeownership
Owners 56.15
Renters 43.85
Vacant 10.48

Housing Market Details

 

Age of Homes

AGE OF Eaton HOMES
2000 or Newer 10.3
1970 - 1999 34.3
1940 - 1969 30.6
1939 or Older 24.7

Types of Homes

TYPE OF Eaton HOMES
Single-Family 71.2
Townhomes 2.7
Small Apt. Buildings 11.7
Apt. Complexes 13.3
Mobile Homes 1.2
Other 0.0

Home Size

SIZE OF Eaton HOMES
No Bedroom 2.04
1 Bedroom 10.51
2 Bedrooms 29.12
3 Bedrooms 47.20
4 Bedrooms 8.87
5 or more bedrooms 2.26

Eaton 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
1.89% 0.11% 2 1
* 10 is highest