Greenfield, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Greenfield Neighborhoods Since 2000




Greenfield, 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

Greenfield Housing Market Information

With a population of 4,572, 1,881 total housing units (homes and apartments), and a median house value of $106,086, house prices in Greenfield are solidly below the national average.

Single-family detached homes are the single most common housing type in Greenfield, accounting for 68.51% of the city's housing units. Other types of housing that are prevalent in Greenfield include duplexes, homes converted to apartments or other small apartment buildings ( 18.01%), row houses and other attached homes ( 6.65%), and a few large apartment complexes or high rise apartments ( 5.72%).

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

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. Greenfield's housing was primarily built during this period, from the '40s through the '60s. A full 34.58% of the city's housing hails from this era. Other housing ages represented in Greenfield include homes built before 1939 ( 32.04%) and housing constructed between 1970-1999 ( 23.31%). There's also some housing in Greenfield built between 2000 and later ( 10.06%).

Vacant housing appears to be an issue in Greenfield. Fully 13.16% of the housing stock is classified as vacant. Left unchecked, vacant Greenfield homes and apartments can be a drag on the real estate market, holding Greenfield 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.

Greenfield Home Appreciation Rates

Real estate appreciation rates in Greenfield's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.64% during the period.

NeighborhoodScout's data show that during the latest twelve months, Greenfield's appreciation rate, at 4.40%, has been at or slightly above the national average. In the latest quarter, Greenfield's appreciation rate has been -0.60%, which annualizes to a rate of -2.39%.

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

Relative to Ohio, our data show that Greenfield's latest annual appreciation rate is higher than 70% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$106,086

Greenfield, OH HOME PRICES

Value Range
> $1,163,000 0.0
$872,001 - $1,163,000 0.6
$581,001 - $872,000 0.4
$465,001 - $581,000 1.3
$349,001 - $465,000 1.3
$233,001 - $349,000 7.6
$116,001 - $233,000 26.4
$58,001 - $116,000 39.7
$0 - $58,000 22.7

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
73.6142036798312 74.4094488188976

Number Of Homes And Apartments:
1,881

Greenfield 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
7.08% 0.40% 4 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$812 / per month

Homeownership Rate

Homeownership
Owners 43.26
Renters 56.74
Vacant 13.16

Housing Market Details

 

Age of Homes

AGE OF Greenfield HOMES
2000 or Newer 10.1
1970 - 1999 23.3
1940 - 1969 34.6
1939 or Older 32.0

Types of Homes

TYPE OF Greenfield HOMES
Single-Family 68.5
Townhomes 6.6
Small Apt. Buildings 18.0
Apt. Complexes 5.7
Mobile Homes 1.1
Other 0.0

Home Size

SIZE OF Greenfield HOMES
No Bedroom 0.00
1 Bedroom 12.93
2 Bedrooms 39.80
3 Bedrooms 35.50
4 Bedrooms 9.46
5 or more bedrooms 2.31

Popular Neighborhoods in Greenfield

Zip Codes in Greenfield, OH