Girard, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Girard Neighborhoods Since 2000




Girard, 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

Girard Housing Market Information

With a population of 9,599, 4,259 total housing units (homes and apartments), and a median house value of $126,431, house prices in Girard are solidly below the national average.

Single-family detached homes are the single most common housing type in Girard, accounting for 73.38% of the city's housing units. Other types of housing that are prevalent in Girard include duplexes, homes converted to apartments or other small apartment buildings ( 13.07%), large apartment complexes or high rise apartments ( 9.71%), and a few row houses and other attached homes ( 2.25%).

The most prevalent building size and type in Girard are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.43% owning and 37.57% 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. Girard's housing was primarily built during this period, from the '40s through the '60s. A full 46.51% of the city's housing hails from this era. Other housing ages represented in Girard include homes built between 1970-1999 ( 26.40%) and housing constructed before 1939 ( 23.99%). There's also some housing in Girard built between 2000 and later ( 3.09%).

Girard Home Appreciation Rates

Girard's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Girard during the period has been just -0.83%, which is lower than 70% of US communities.

Appreciation rates are so strong in Girard that despite a nationwide downturn in the housing market, Girard real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Girard appreciation rates continue to be some of the highest in America, at 10.07%, which is higher than appreciation rates in 94.07% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Girard. Girard appreciation rates in the latest quarter were at 2.15%, which equates to an annual appreciation rate of 8.89%.

Importantly, this makes Girard one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$126,431

Girard, OH HOME PRICES

Value Range
> $1,120,000 0.0
$840,001 - $1,120,000 0.0
$560,001 - $840,000 0.0
$448,001 - $560,000 0.0
$336,001 - $448,000 0.3
$224,001 - $336,000 6.8
$112,001 - $224,000 25.1
$56,001 - $112,000 54.3
$0 - $56,000 13.5

Average for OH
Low for Nation

Value Relative to Nation Value Relative to State
61.7397163951717 57.2178477690289

Number Of Homes And Apartments:
4,259

Girard 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
-5.45% -0.32% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$853 / per month

Homeownership Rate

Homeownership
Owners 62.43
Renters 37.57
Vacant 9.75

Housing Market Details

 

Age of Homes

AGE OF Girard HOMES
2000 or Newer 3.1
1970 - 1999 26.4
1940 - 1969 46.5
1939 or Older 24.0

Types of Homes

TYPE OF Girard HOMES
Single-Family 73.4
Townhomes 2.2
Small Apt. Buildings 13.1
Apt. Complexes 9.7
Mobile Homes 1.6
Other 0.0

Home Size

SIZE OF Girard HOMES
No Bedroom 0.49
1 Bedroom 5.34
2 Bedrooms 39.01
3 Bedrooms 42.02
4 Bedrooms 10.76
5 or more bedrooms 2.37