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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 3,469, 1,439 total housing units (homes and apartments), and a median house value of $111,976, house prices in Gallipolis are solidly below the national average.
Single-family detached homes are the single most common housing type in Gallipolis, accounting for 71.01% of the village's housing units. Other types of housing that are prevalent in Gallipolis include duplexes, homes converted to apartments or other small apartment buildings ( 17.80%), mobile homes or trailers ( 4.70%), and a few large apartment complexes or high rise apartments ( 4.00%).
The most prevalent building size and type in Gallipolis are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 48.35% owning and 51.65% renting.
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. Gallipolis's housing was primarily built during this period, from the '40s through the '60s. A full 37.39% of the village's housing hails from this era. Other housing ages represented in Gallipolis include homes built before 1939 ( 35.77%) and housing constructed between 1970-1999 ( 19.01%). There's also some housing in Gallipolis built between 2000 and later ( 7.83%).
Vacant housing appears to be an issue in Gallipolis. Fully 16.58% of the housing stock is classified as vacant. Left unchecked, vacant Gallipolis homes and apartments can be a drag on the real estate market, holding Gallipolis 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.
Gallipolis's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Gallipolis during the period has been just -1.00%, which is lower than 70% of US communities.
Over the last year, Gallipolis appreciation rates have trailed the rest of the nation. In the last twelve months, Gallipolis's appreciation rate has been -4.53%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Gallipolis were at -0.60%, which equates to an annual appreciation rate of -2.39%.
Notably, Gallipolis's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Ohio, our data show that Gallipolis's latest annual appreciation rate is lower than 90% of the other cities and towns in Ohio.
|$692,001 - $924,000||0.0|
|$462,001 - $692,000||0.7|
|$369,001 - $462,000||3.3|
|$277,001 - $369,000||6.7|
|$185,001 - $277,000||5.9|
|$92,001 - $185,000||34.9|
|$46,001 - $92,000||33.3|
|$0 - $46,000||15.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Gallipolis HOMES|
|2000 or Newer||7.8|
|1970 - 1999||19.0|
|1940 - 1969||37.4|
|1939 or Older||35.8|
|TYPE OF Gallipolis HOMES|
|Small Apt. Buildings||17.8|
|SIZE OF Gallipolis HOMES|
|5 or more bedrooms||2.67|