Geneva, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Geneva Neighborhoods Since 2000




Geneva, 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

Geneva Housing Market Information

With a population of 6,051, 2,406 total housing units (homes and apartments), and a median house value of $119,003, house prices in Geneva are solidly below the national average.

Single-family detached homes are the single most common housing type in Geneva, accounting for 69.18% of the city's housing units. Other types of housing that are prevalent in Geneva include large apartment complexes or high rise apartments ( 15.10%), duplexes, homes converted to apartments or other small apartment buildings ( 7.69%), and a few mobile homes or trailers ( 4.79%).

People in Geneva primarily live in small (one, two or no bedroom) single-family detached homes. Geneva has a mixture of owner-occupied and renter-occupied housing.

The housing in Geneva was primarily built before 1939 ( 40.56%), making the housing stock in Geneva some of the oldest overall in America, although there is a range of ages of homes in Geneva. The next most important housing age is between 1940-1969 ( 30.13%), followed by between 1970-1999 ( 21.17%). There's also some housing in Geneva built between 2000 and later ( 8.15%).

Geneva Home Appreciation Rates

Geneva's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Geneva during the period has been just -1.06%, which is lower than 70% of US communities.

Over the last year, Geneva appreciation rates have trailed the rest of the nation. In the last twelve months, Geneva's appreciation rate has been 1.62%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Geneva were at -0.60%, which equates to an annual appreciation rate of -2.39%.

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

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

Average Home Values

 

Median Home Value:
$119,003

Geneva, OH HOME PRICES

Value Range
> $1,043,000 0.3
$782,001 - $1,043,000 0.2
$522,001 - $782,000 0.9
$417,001 - $522,000 1.3
$313,001 - $417,000 1.5
$209,001 - $313,000 8.6
$104,001 - $209,000 39.8
$52,001 - $104,000 34.0
$0 - $52,000 13.4

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
66.0377358490566 64.4356955380577

Number Of Homes And Apartments:
2,406

Geneva 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
2.52% 0.14% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$871 / per month

Homeownership Rate

Homeownership
Owners 64.14
Renters 35.86
Vacant 7.07

Housing Market Details

 

Age of Homes

AGE OF Geneva HOMES
2000 or Newer 8.1
1970 - 1999 21.2
1940 - 1969 30.1
1939 or Older 40.6

Types of Homes

TYPE OF Geneva HOMES
Single-Family 69.2
Townhomes 3.2
Small Apt. Buildings 7.7
Apt. Complexes 15.1
Mobile Homes 4.8
Other 0.0

Home Size

SIZE OF Geneva HOMES
No Bedroom 5.29
1 Bedroom 12.05
2 Bedrooms 32.41
3 Bedrooms 36.66
4 Bedrooms 11.59
5 or more bedrooms 2.01