Gallipolis, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Gallipolis Neighborhoods Since 2000




Gallipolis, 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

Gallipolis Housing Market Information

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 Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$111,976

Gallipolis, OH HOME PRICES

Value Range
> $924,000 0.0
$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

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
70.1541075823274 69.9475065616798

Number Of Homes And Apartments:
1,439

Gallipolis 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
7.50% 0.42% 5 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$784 / per month

Homeownership Rate

Homeownership
Owners 48.35
Renters 51.65
Vacant 16.58

Housing Market Details

 

Age of Homes

AGE OF Gallipolis HOMES
2000 or Newer 7.8
1970 - 1999 19.0
1940 - 1969 37.4
1939 or Older 35.8

Types of Homes

TYPE OF Gallipolis HOMES
Single-Family 71.0
Townhomes 2.5
Small Apt. Buildings 17.8
Apt. Complexes 4.0
Mobile Homes 4.7
Other 0.0

Home Size

SIZE OF Gallipolis HOMES
No Bedroom 0.46
1 Bedroom 10.96
2 Bedrooms 32.75
3 Bedrooms 37.57
4 Bedrooms 15.59
5 or more bedrooms 2.67

Popular Neighborhoods in Gallipolis

Zip Codes in Gallipolis, OH