Jefferson, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Jefferson, 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

Jefferson Housing Market Information

With 3,041 people, 1,345 houses or apartments, and a median cost of homes of $128,637, house prices in Jefferson are solidly below the national average.

Single-family detached homes are the single most common housing type in Jefferson, accounting for 60.70% of the village's housing units. Other types of housing that are prevalent in Jefferson include large apartment complexes or high rise apartments ( 14.76%), duplexes, homes converted to apartments or other small apartment buildings ( 11.54%), and a few mobile homes or trailers ( 9.65%).

The most prevalent building size and type in Jefferson are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 61.58% owning and 38.42% renting.

There is a lot of housing in Jefferson built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Jefferson built between 1940-1969 ( 20.07%). A lesser amount of the housing stock also hails from before 1939 ( 16.50%). There's also some housing in Jefferson built between 2000 and later ( 1.12%).

Jefferson Home Appreciation Rates

Jefferson's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Jefferson during the period has been just -0.91%, which is lower than 70% of US communities.

Appreciation rates are so strong in Jefferson that despite a nationwide downturn in the housing market, Jefferson real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Jefferson appreciation rates continue to be some of the highest in America, at 7.24%, which is higher than appreciation rates in 82.69% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Jefferson. Jefferson appreciation rates in the latest quarter were at -0.60%, which equates to an annual appreciation rate of -2.39%.

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

Relative to Ohio, our data show that Jefferson's latest annual appreciation rate is higher than 90% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$128,637

Jefferson, OH HOME PRICES

Value Range
> $1,095,000 0.6
$821,001 - $1,095,000 0.0
$547,001 - $821,000 0.0
$438,001 - $547,000 0.6
$329,001 - $438,000 0.7
$219,001 - $329,000 14.4
$110,001 - $219,000 45.3
$55,001 - $110,000 29.4
$0 - $55,000 9.0

Average for OH
Low for Nation

Value Relative to Nation Value Relative to State
60.6117426461971 55.249343832021

Number Of Homes And Apartments:
1,345

Jefferson 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
4.60% 0.26% 4 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$831 / per month

Homeownership Rate

Homeownership
Owners 61.58
Renters 38.42
Vacant 5.94

Housing Market Details

 

Age of Homes

AGE OF Jefferson HOMES
2000 or Newer 1.1
1970 - 1999 62.3
1940 - 1969 20.1
1939 or Older 16.5

Types of Homes

TYPE OF Jefferson HOMES
Single-Family 60.7
Townhomes 3.4
Small Apt. Buildings 11.5
Apt. Complexes 14.8
Mobile Homes 9.7
Other 0.0

Home Size

SIZE OF Jefferson HOMES
No Bedroom 0.00
1 Bedroom 7.55
2 Bedrooms 39.86
3 Bedrooms 42.38
4 Bedrooms 9.51
5 or more bedrooms 0.70

Popular Neighborhoods in Jefferson

Zip Codes in Jefferson, OH