Heath, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Heath Neighborhoods Since 2000




Heath, 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

Heath Housing Market Information

With 10,489 people, 4,214 houses or apartments, and a median cost of homes of $163,874, Heath 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 Heath, accounting for 55.98% of the city's housing units. Other types of housing that are prevalent in Heath include duplexes, homes converted to apartments or other small apartment buildings ( 18.81%), large apartment complexes or high rise apartments ( 11.85%), and a few mobile homes or trailers ( 7.81%).

The most prevalent building size and type in Heath are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.77% owning and 36.23% 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. Heath's housing was primarily built during this period, from the '40s through the '60s. A full 36.67% of the city's housing hails from this era. Other housing ages represented in Heath include homes built between 1970-1999 ( 35.20%) and housing constructed between 2000 and later ( 26.27%). There's also some housing in Heath built before 1939 ( 1.87%).

Heath Home Appreciation Rates

Real estate appreciation rates in Heath's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.17% during the period.

NeighborhoodScout's data show that during the latest twelve months, Heath's appreciation rate, at 5.26%, has been at or slightly above the national average. In the latest quarter, Heath's appreciation rate has been 0.34%, which annualizes to a rate of 1.37%.

Relative to Ohio, our data show that Heath's latest annual appreciation rate is higher than 80% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$163,874

Heath, OH HOME PRICES

Value Range
> $1,116,000 0.0
$837,001 - $1,116,000 0.7
$558,001 - $837,000 0.8
$446,001 - $558,000 0.8
$335,001 - $446,000 3.8
$223,001 - $335,000 9.1
$112,001 - $223,000 55.0
$56,001 - $112,000 16.9
$0 - $56,000 12.8

High for OH
Average for Nation

Value Relative to Nation Value Relative to State
44.1169576936599 28.6089238845144

Number Of Homes And Apartments:
4,214

Heath 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
16.16% 0.87% 7 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$874 / per month

Homeownership Rate

Homeownership
Owners 63.77
Renters 36.23
Vacant 7.53

Housing Market Details

 

Age of Homes

AGE OF Heath HOMES
2000 or Newer 26.3
1970 - 1999 35.2
1940 - 1969 36.7
1939 or Older 1.9

Types of Homes

TYPE OF Heath HOMES
Single-Family 56.0
Townhomes 5.6
Small Apt. Buildings 18.8
Apt. Complexes 11.8
Mobile Homes 7.8
Other 0.0

Home Size

SIZE OF Heath HOMES
No Bedroom 1.65
1 Bedroom 9.98
2 Bedrooms 23.30
3 Bedrooms 45.10
4 Bedrooms 17.67
5 or more bedrooms 2.30