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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Kettering, 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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Kettering, OH Housing Market Trends

With 57,027 people, 337 houses or apartments, and a median cost of homes of $235,637, house prices in Kettering are solidly below the national average.

Single-family detached homes are the single most common housing type in Kettering, accounting for 75.20% of the city's housing units. Other types of housing that are prevalent in Kettering include row houses and other attached homes ( 12.79%), duplexes, homes converted to apartments or other small apartment buildings ( 12.01%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Kettering. Owner-occupied housing accounts for 73.00% of Kettering's homes, and 74.67% have either three or four bedrooms, which is average sized relative to America.

Kettering homes and real estate are some of the newest in America. 62.14% of Kettering's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Kettering real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 34.20%), and between 1940-1969 ( 3.66%).

Vacant housing appears to be an issue in Kettering. Fully 12.01% of the housing stock is classified as vacant. Left unchecked, vacant Kettering homes and apartments can be a drag on the real estate market, holding Kettering 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.

Kettering Home Appreciation Rates

Appreciation rates for homes in Kettering have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 103.76%, which ranks in the top 30% nationwide. This equates to an annual average Kettering house appreciation rate of 7.38%.

Appreciation rates are so strong in Kettering that despite a nationwide downturn in the housing market, Kettering real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Kettering appreciation rates continue to be some of the highest in America, at 7.69%, which is higher than appreciation rates in 80.16% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Kettering. Kettering appreciation rates in the latest quarter were at -0.90%, which equates to an annual appreciation rate of -3.55%.

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

Relative to Ohio, our data show that Kettering's latest annual appreciation rate is higher than 90% 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 Kettering differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Kettering - 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 Kettering real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$235,637

Kettering, OH Home Prices
> $1,358,000
$1,018,001 - $1,358,000
$679,001 - $1,018,000
$543,001 - $679,000
$407,001 - $543,000
$271,001 - $407,000
$136,001 - $271,000
$68,001 - $136,000
$0 - $68,000
0.3%
0.3%
0.4%
0.4%
1.7%
1.7%
2.2%
2.2%
5.1%
5.1%
24.9%
24.9%
54.0%
54.0%
9.9%
9.9%
1.5%
1.5%
0% 100.0%
% of Homes
Average

for Ohio

Average

for nation

Number of Homes And Apartments:

337

Kettering Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,424 / per month

Homeownership Rate

Owners
Renters
73.0%
73.0%
27.0%
27.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
12.0%
12.0%
88.0%
88.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
62.1%
62.1%
34.2%
34.2%
3.7%
3.7%
0.0%
0.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
75.2%
75.2%
12.8%
12.8%
12.0%
12.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
0.0%
0.0%
17.8%
17.8%
52.2%
52.2%
22.5%
22.5%
7.6%
7.6%
0% 100.0%
% of Homes