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Lewis Center, 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 Q2 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

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

Lewis Center, OH Housing Market Trends

With a population of 22,540, 1,716 total housing units (homes and apartments), and a median house value of $496,984, Lewis Center house prices are not only among the most expensive in Ohio, Lewis Center real estate also is some of the most expensive in all of America.

Lewis Center is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Lewis Center than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lewis Center. Owner-occupied housing accounts for 92.49% of Lewis Center's homes, and 80.54% have either three or four bedrooms, which is average sized relative to America.

Lewis Center homes and real estate are some of the newest in America. 62.58% of Lewis Center's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Lewis Center real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 36.34%), and between 1940-1969 ( 0.87%).

Lewis Center Home Appreciation Rates

Real estate appreciation rates in Lewis Center's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.16% during the period.

Over the last year, Lewis Center appreciation rates have trailed the rest of the nation. In the last twelve months, Lewis Center's appreciation rate has been 12.09%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lewis Center were at 3.73%, which equates to an annual appreciation rate of 15.80%.

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

Average Home Values

 

Median Home Value:
$496,984

Lewis Center, OH HOME PRICES

> $1,310,000
$983,001 - $1,310,000
$655,001 - $983,000
$524,001 - $655,000
$393,001 - $524,000
$262,001 - $393,000
$131,001 - $262,000
$65,001 - $131,000
$0 - $65,000
0.8%
0.8%
0.8%
0.8%
6.4%
6.4%
22.7%
22.7%
45.8%
45.8%
19.8%
19.8%
2.5%
2.5%
0.9%
0.9%
0.4%
0.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for OH

Value Relative To Nation

Number Of Homes And Apartments:
1,716

Lewis Center Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2022 Q1 - 2022 Q2
Last 12 Months:
2021 Q2 - 2022 Q2
Last 2 Years:
2020 Q2 - 2022 Q2
Last 5 Years:
2017 Q2 - 2022 Q2
Last 10 Years:
2012 Q2 - 2022 Q2
Since 2000:
2000 Q1 - 2022 Q2
73.44% 2.48%
7
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,572 / per month

Homeownership Rate

Owners
Renters
Vacant
92.5%
92.5%
7.5%
7.5%
0.9%
0.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
62.6%
62.6%
36.3%
36.3%
0.9%
0.9%
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
89.0%
89.0%
5.3%
5.3%
0.5%
0.5%
5.0%
5.0%
0.1%
0.1%
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
0.8%
0.8%
1.4%
1.4%
7.3%
7.3%
21.7%
21.7%
58.8%
58.8%
10.0%
10.0%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Lewis Center

Zip Codes in Lewis Center, OH