Ironton, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Ironton, 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

Ironton Housing Market Information

With 10,900 people, 4,433 houses or apartments, and a median cost of homes of $99,113, house prices in Ironton are solidly below the national average.

Single-family detached homes are the single most common housing type in Ironton, accounting for 73.47% of the city's housing units. Other types of housing that are prevalent in Ironton include duplexes, homes converted to apartments or other small apartment buildings ( 15.47%), large apartment complexes or high rise apartments ( 8.31%), and a few mobile homes or trailers ( 2.17%).

The most prevalent building size and type in Ironton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.49% owning and 39.51% 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. Ironton's housing was primarily built during this period, from the '40s through the '60s. A full 46.58% of the city's housing hails from this era. Other housing ages represented in Ironton include homes built before 1939 ( 34.15%) and housing constructed between 1970-1999 ( 17.75%). There's also some housing in Ironton built between 2000 and later ( 1.52%).

Vacant housing appears to be an issue in Ironton. Fully 13.54% of the housing stock is classified as vacant. Left unchecked, vacant Ironton homes and apartments can be a drag on the real estate market, holding Ironton 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.

Ironton Home Appreciation Rates

Appreciation rates for homes in Ironton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.53%, which ranks in the top 50% nationwide. This equates to an annual average Ironton house appreciation rate of 0.05%.

Over the last year, Ironton appreciation rates have trailed the rest of the nation. In the last twelve months, Ironton's appreciation rate has been 2.75%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ironton were at -1.61%, which equates to an annual appreciation rate of -6.28%.

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

Relative to Ohio, our data show that Ironton'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 Ironton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ironton - 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 Ironton real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$99,113

Ironton, OH HOME PRICES

Value Range
> $1,034,000 0.0
$776,001 - $1,034,000 0.3
$517,001 - $776,000 0.8
$414,001 - $517,000 0.0
$310,001 - $414,000 0.6
$207,001 - $310,000 7.4
$103,001 - $207,000 32.5
$52,001 - $103,000 41.8
$0 - $52,000 16.5

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
78.1231688737841 79.6587926509186

Number Of Homes And Apartments:
4,433

Ironton 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
31.90% 1.62% 10 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$796 / per month

Homeownership Rate

Homeownership
Owners 60.49
Renters 39.51
Vacant 13.54

Housing Market Details

 

Age of Homes

AGE OF Ironton HOMES
2000 or Newer 1.5
1970 - 1999 17.7
1940 - 1969 46.6
1939 or Older 34.2

Types of Homes

TYPE OF Ironton HOMES
Single-Family 73.5
Townhomes 0.6
Small Apt. Buildings 15.5
Apt. Complexes 8.3
Mobile Homes 2.2
Other 0.0

Home Size

SIZE OF Ironton HOMES
No Bedroom 1.31
1 Bedroom 14.75
2 Bedrooms 31.83
3 Bedrooms 41.99
4 Bedrooms 8.45
5 or more bedrooms 1.68