Green Springs, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Green Springs, 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

Green Springs Housing Market Information

With a population of 1,332, 495 total housing units (homes and apartments), and a median house value of $110,590, house prices in Green Springs are solidly below the national average.

Single-family detached homes are the single most common housing type in Green Springs, accounting for 68.43% of the village's housing units. Other types of housing that are prevalent in Green Springs include duplexes, homes converted to apartments or other small apartment buildings ( 15.88%), mobile homes or trailers ( 11.53%), and a few large apartment complexes or high rise apartments ( 4.16%).

The most prevalent building size and type in Green Springs are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 54.51% owning and 45.49% renting.

The housing in Green Springs was primarily built before 1939 ( 40.64%), making the housing stock in Green Springs some of the oldest overall in America, although there is a range of ages of homes in Green Springs. The next most important housing age is between 1940-1969 ( 21.36%), followed by between 1970-1999 ( 20.60%). There's also some housing in Green Springs built between 2000 and later ( 17.39%).

Green Springs Home Appreciation Rates

Green Springs's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Green Springs during the period has been just -1.47%, which is lower than 80% of US communities.

Over the last year, Green Springs appreciation rates have trailed the rest of the nation. In the last twelve months, Green Springs's appreciation rate has been -3.41%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Green Springs were at -0.60%, which equates to an annual appreciation rate of -2.39%.

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

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

Average Home Values

 

Median Home Value:
$110,590

Green Springs, OH HOME PRICES

Value Range
> $1,005,000 0.0
$753,001 - $1,005,000 0.7
$503,001 - $753,000 1.5
$402,001 - $503,000 0.3
$302,001 - $402,000 2.6
$201,001 - $302,000 9.9
$101,001 - $201,000 44.2
$50,001 - $101,000 23.5
$0 - $50,000 17.3

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
71.0476971756709 71.3910761154856

Number Of Homes And Apartments:
495

Green Springs 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
1.15% 0.07% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$864 / per month

Homeownership Rate

Homeownership
Owners 54.51
Renters 45.49
Vacant 6.43

Housing Market Details

 

Age of Homes

AGE OF Green Springs HOMES
2000 or Newer 17.4
1970 - 1999 20.6
1940 - 1969 21.4
1939 or Older 40.6

Types of Homes

TYPE OF Green Springs HOMES
Single-Family 68.4
Townhomes 0.0
Small Apt. Buildings 15.9
Apt. Complexes 4.2
Mobile Homes 11.5
Other 0.0

Home Size

SIZE OF Green Springs HOMES
No Bedroom 5.48
1 Bedroom 4.54
2 Bedrooms 27.41
3 Bedrooms 40.26
4 Bedrooms 15.12
5 or more bedrooms 7.18

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Zip Codes in Green Springs, OH