Germantown, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Germantown, 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

Germantown Housing Market Information

With 5,503 people, 2,095 houses or apartments, and a median cost of homes of $154,469, Germantown real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Germantown, accounting for 83.66% of the village's housing units. Other types of housing that are prevalent in Germantown include duplexes, homes converted to apartments or other small apartment buildings ( 7.72%), row houses and other attached homes ( 5.39%), and a few large apartment complexes or high rise apartments ( 1.36%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Germantown. Owner-occupied housing accounts for 71.89% of Germantown's homes, and 66.60% have either three or four bedrooms, which is average sized relative to America.

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. Germantown's housing was primarily built during this period, from the '40s through the '60s. A full 34.04% of the village's housing hails from this era. Other housing ages represented in Germantown include homes built before 1939 ( 27.50%) and housing constructed between 1970-1999 ( 22.16%). There's also some housing in Germantown built between 2000 and later ( 16.30%).

Vacant housing appears to be an issue in Germantown. Fully 11.08% of the housing stock is classified as vacant. Left unchecked, vacant Germantown homes and apartments can be a drag on the real estate market, holding Germantown 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.

Germantown Home Appreciation Rates

Germantown's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Germantown during the period has been just -0.89%, which is lower than 70% of US communities.

Appreciation rates are so strong in Germantown that despite a nationwide downturn in the housing market, Germantown real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Germantown appreciation rates continue to be some of the highest in America, at 7.38%, which is higher than appreciation rates in 83.40% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Germantown. Germantown appreciation rates in the latest quarter were at -0.27%, which equates to an annual appreciation rate of -1.08%.

Relative to Ohio, our data show that Germantown's latest annual appreciation rate is higher than 90% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$154,469

Germantown, OH HOME PRICES

Value Range
> $1,104,000 0.0
$828,001 - $1,104,000 0.8
$552,001 - $828,000 0.8
$441,001 - $552,000 3.0
$331,001 - $441,000 4.4
$221,001 - $331,000 12.6
$110,001 - $221,000 48.7
$55,001 - $110,000 28.2
$0 - $55,000 1.6

High for OH
Average for Nation

Value Relative to Nation Value Relative to State
48.1718035860776 35.0393700787402

Number Of Homes And Apartments:
2,095

Germantown 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
6.19% 0.35% 4 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$990 / per month

Homeownership Rate

Homeownership
Owners 71.89
Renters 28.11
Vacant 11.08

Housing Market Details

 

Age of Homes

AGE OF Germantown HOMES
2000 or Newer 16.3
1970 - 1999 22.2
1940 - 1969 34.0
1939 or Older 27.5

Types of Homes

TYPE OF Germantown HOMES
Single-Family 83.7
Townhomes 5.4
Small Apt. Buildings 7.7
Apt. Complexes 1.4
Mobile Homes 0.0
Other 1.9

Home Size

SIZE OF Germantown HOMES
No Bedroom 0.00
1 Bedroom 8.62
2 Bedrooms 20.80
3 Bedrooms 53.40
4 Bedrooms 13.20
5 or more bedrooms 3.99

Popular Neighborhoods in Germantown

Zip Codes in Germantown, OH