Fostoria, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Fostoria Neighborhoods Since 2000




Fostoria, 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

Fostoria Housing Market Information

With a population of 13,167, 5,587 total housing units (homes and apartments), and a median house value of $72,485, house prices in Fostoria 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 Fostoria, accounting for 69.76% of the city's housing units. Other types of housing that are prevalent in Fostoria include mobile homes or trailers ( 9.64%), large apartment complexes or high rise apartments ( 9.45%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.35%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Fostoria. Owner-occupied housing accounts for 66.29% of Fostoria's homes, and 56.61% have either three or four bedrooms, which is average sized relative to America.

The housing in Fostoria was primarily built before 1939 ( 39.51%), making the housing stock in Fostoria some of the oldest overall in America, although there is a range of ages of homes in Fostoria. The next most important housing age is between 1940-1969 ( 33.99%), followed by between 1970-1999 ( 22.95%). There's also some housing in Fostoria built between 2000 and later ( 3.55%).

Vacant housing appears to be an issue in Fostoria. Fully 11.88% of the housing stock is classified as vacant. Left unchecked, vacant Fostoria homes and apartments can be a drag on the real estate market, holding Fostoria 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.

Fostoria Home Appreciation Rates

Fostoria's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Fostoria during the period has been just -1.44%, which is lower than 80% of US communities.

Over the last year, Fostoria appreciation rates have trailed the rest of the nation. In the last twelve months, Fostoria's appreciation rate has been 2.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fostoria were at -0.55%, which equates to an annual appreciation rate of -2.17%.

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

Relative to Ohio, our data show that Fostoria's latest annual appreciation rate is lower than 60% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$72,485

Fostoria, OH HOME PRICES

Value Range
> $1,063,000 0.0
$797,001 - $1,063,000 0.2
$531,001 - $797,000 0.0
$425,001 - $531,000 0.7
$319,001 - $425,000 0.6
$212,001 - $319,000 3.5
$106,001 - $212,000 21.6
$53,001 - $106,000 44.9
$0 - $53,000 28.5

Very Low for OH
Very Low for Nation

Value Relative to Nation Value Relative to State
94.2282901675847 96.1942257217848

Number Of Homes And Apartments:
5,587

Fostoria 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
0.28% 0.02% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$703 / per month

Homeownership Rate

Homeownership
Owners 66.29
Renters 33.71
Vacant 11.88

Housing Market Details

 

Age of Homes

AGE OF Fostoria HOMES
2000 or Newer 3.5
1970 - 1999 22.9
1940 - 1969 34.0
1939 or Older 39.5

Types of Homes

TYPE OF Fostoria HOMES
Single-Family 69.8
Townhomes 1.8
Small Apt. Buildings 9.4
Apt. Complexes 9.4
Mobile Homes 9.6
Other 0.0

Home Size

SIZE OF Fostoria HOMES
No Bedroom 0.68
1 Bedroom 9.43
2 Bedrooms 30.62
3 Bedrooms 44.18
4 Bedrooms 12.43
5 or more bedrooms 2.67