Geneva, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Geneva Neighborhoods Since 2000




Geneva, OH Real Estate Data


Geneva Housing Market Information

With 6,051 people, 2,298 houses or apartments, and a median cost of homes of $125,101, 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 69.20% of the city's housing units. Other types of housing that are prevalent in Geneva include large apartment complexes or high rise apartments ( 12.81%), duplexes, homes converted to apartments or other small apartment buildings ( 9.73%), and a few mobile homes or trailers ( 5.34%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Geneva. Owner-occupied housing accounts for 67.04% of Geneva's homes, and 50.68% have either three or four bedrooms, which is average sized relative to America.

The housing in Geneva was primarily built before 1939 ( 36.06%), 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 ( 30.06%), followed by between 1970-1999 ( 21.97%). There's also some housing in Geneva built between 2000 and later ( 11.91%).

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 -0.95%, 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 4.09%, 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 1.15%, which equates to an annual appreciation rate of 4.69%.

Relative to Ohio, our data show that Geneva's latest annual appreciation rate is lower than 80% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$125,101

Geneva, OH HOME PRICES

Value Range
> $1,094,000 0.3
$820,001 - $1,094,000 0.2
$547,001 - $820,000 0.8
$437,001 - $547,000 1.2
$328,001 - $437,000 1.2
$219,001 - $328,000 10.4
$109,001 - $219,000 40.8
$54,001 - $109,000 30.4
$0 - $54,000 14.7

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
63.5884523042689 61.2860892388451

Number Of Homes And Apartments:
2,298

Rent & Ownership

 

Average Market Rent:
$759 / per month

Homeownership Rate

Homeownership
Owners 67.04
Renters 32.96
Vacant 5.63

Housing Market Details

 

Age of Homes

AGE OF Geneva HOMES
2000 or Newer 11.9
1970 - 1999 22.0
1940 - 1969 30.1
1939 or Older 36.1

Types of Homes

TYPE OF Geneva HOMES
Single-Family 69.2
Townhomes 2.9
Small Apt. Buildings 9.7
Apt. Complexes 12.8
Mobile Homes 5.3
Other 0.0

Home Size

SIZE OF Geneva HOMES
No Bedroom 4.85
1 Bedroom 12.36
2 Bedrooms 28.71
3 Bedrooms 40.53
4 Bedrooms 10.14
5 or more bedrooms 3.41

Geneva 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
5.06% 0.29% 3 1
* 10 is highest