Hamilton, OH Real Estate Market

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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Hamilton, OH Housing Market Trends

With a population of 62,082, 24,731 total housing units (homes and apartments), and a median house value of $135,161, house prices in Hamilton are solidly below the national average.

Single-family detached homes are the single most common housing type in Hamilton, accounting for 69.59% of the city's housing units. Other types of housing that are prevalent in Hamilton include large apartment complexes or high rise apartments ( 14.77%), duplexes, homes converted to apartments or other small apartment buildings ( 11.42%), and a few row houses and other attached homes ( 3.81%).

People in Hamilton primarily live in small (one, two or no bedroom) single-family detached homes. Hamilton 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. Hamilton's housing was primarily built during this period, from the '40s through the '60s. A full 39.88% of the city's housing hails from this era. Other housing ages represented in Hamilton include homes built before 1939 ( 30.46%) and housing constructed between 1970-1999 ( 18.89%). There's also some housing in Hamilton built between 2000 and later ( 10.77%).

Vacant housing appears to be an issue in Hamilton. Fully 11.75% of the housing stock is classified as vacant. Left unchecked, vacant Hamilton homes and apartments can be a drag on the real estate market, holding Hamilton 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.

Hamilton Home Appreciation Rates

Real estate appreciation rates in Hamilton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.72% during the period.

NeighborhoodScout's data show that during the latest twelve months, Hamilton's appreciation rate, at 6.85%, has been at or slightly above the national average. In the latest quarter, Hamilton's appreciation rate has been 1.80%, which annualizes to a rate of 7.41%.

Relative to Ohio, our data show that Hamilton's latest annual appreciation rate is lower than 50% of the other cities and towns in Ohio.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Hamilton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hamilton - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Hamilton real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$135,161

Hamilton, OH HOME PRICES

> $1,236,000
0.2%
0.2%
$927,001 - $1,236,000
0.1%
0.1%
$618,001 - $927,000
0.2%
0.2%
$494,001 - $618,000
0.7%
0.7%
$371,001 - $494,000
1.5%
1.5%
$248,001 - $371,000
8.0%
8.0%
$123,001 - $248,000
35.1%
35.1%
$62,001 - $123,000
40.5%
40.5%
$0 - $62,000
13.7%
13.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Low for OH

Value Relative To Nation

Number Of Homes And Apartments:
24,731

Hamilton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
28.00% 1.17%
3
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,043 / per month

Homeownership Rate

Owners
52.9%
52.9%
Renters
47.1%
47.1%
Vacant
11.8%
11.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
10.8%
10.8%
1970 - 1999
18.9%
18.9%
1940 - 1969
39.9%
39.9%
1939 or Older
30.5%
30.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
69.6%
69.6%
Townhomes
3.8%
3.8%
Small Apt. Buildings
11.4%
11.4%
Apt. Complexes
14.8%
14.8%
Mobile Homes
0.4%
0.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.4%
2.4%
1 Bedroom
12.5%
12.5%
2 Bedrooms
34.9%
34.9%
3 Bedrooms
36.8%
36.8%
4 Bedrooms
12.0%
12.0%
5 or more bedrooms
1.4%
1.4%
0.0% 100.0%
% OF HOMES