Huron, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Huron, OH Real Estate Data


Huron Housing Market Information

With 7,022 people, 3,138 houses or apartments, and a median cost of homes of $165,478, Huron 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 Huron, accounting for 71.79% of the city's housing units. Other types of housing that are prevalent in Huron include large apartment complexes or high rise apartments ( 11.22%), row houses and other attached homes ( 7.17%), and a few mobile homes or trailers ( 4.96%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Huron. Owner-occupied housing accounts for 70.18% of Huron's homes, and 63.16% have either three or four bedrooms, which is average sized relative to America.

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. Huron's housing was primarily built during this period, from the '40s through the '60s. A full 47.14% of the city's housing hails from this era. Other housing ages represented in Huron include homes built between 1970-1999 ( 36.14%) and housing constructed before 1939 ( 14.48%). There's also some housing in Huron built between 2000 and later ( 2.24%).

Vacant housing appears to be an issue in Huron. Fully 15.37% of the housing stock is classified as vacant. Left unchecked, vacant Huron homes and apartments can be a drag on the real estate market, holding Huron 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.

Huron Home Appreciation Rates

Real estate appreciation rates in Huron's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.50% during the period.

NeighborhoodScout's data show that during the latest twelve months, Huron's appreciation rate, at 4.78%, has been at or slightly above the national average. In the latest quarter, Huron's appreciation rate has been 1.15%, which annualizes to a rate of 4.69%.

Relative to Ohio, our data show that Huron's latest annual appreciation rate is lower than 60% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$165,478

Huron, OH HOME PRICES

Value Range
> $1,100,000 0.2
$825,001 - $1,100,000 0.2
$550,001 - $825,000 1.2
$440,001 - $550,000 1.2
$330,001 - $440,000 6.2
$220,001 - $330,000 19.0
$110,001 - $220,000 44.4
$55,001 - $110,000 19.8
$0 - $55,000 7.8

High for OH
Average for Nation

Value Relative to Nation Value Relative to State
44.5921414768402 30.9711286089239

Number Of Homes And Apartments:
3,138

Rent & Ownership

 

Average Market Rent:
$966 / per month

Homeownership Rate

Homeownership
Owners 70.18
Renters 29.82
Vacant 15.37

Housing Market Details

 

Age of Homes

AGE OF Huron HOMES
2000 or Newer 2.2
1970 - 1999 36.1
1940 - 1969 47.1
1939 or Older 14.5

Types of Homes

TYPE OF Huron HOMES
Single-Family 71.8
Townhomes 7.2
Small Apt. Buildings 4.9
Apt. Complexes 11.2
Mobile Homes 5.0
Other 0.0

Home Size

SIZE OF Huron HOMES
No Bedroom 2.32
1 Bedroom 5.93
2 Bedrooms 26.16
3 Bedrooms 41.72
4 Bedrooms 21.44
5 or more bedrooms 2.43

Huron Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
10.37% 0.58% 5 1
* 10 is highest