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 Q3 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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 31,505, 2,785 total housing units (homes and apartments), and a median house value of $475,863, 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 93.34% of Lewis Center's homes, and 81.70% 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. 63.21% 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 ( 32.86%), and between 1940-1969 ( 1.97%). There's also some housing in Lewis Center built before 1939 ( 1.96%).

Lewis Center Home Appreciation Rates

Appreciation rates for homes in Lewis Center have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 56.34%, which ranks in the top 40% nationwide. This equates to an annual average Lewis Center house appreciation rate of 4.57%.

NeighborhoodScout's data show that during the latest twelve months, Lewis Center's appreciation rate, at 12.99%, has been at or slightly above the national average. In the latest quarter, Lewis Center's appreciation rate has been 5.58%, which annualizes to a rate of 24.28%.

Relative to Ohio, our data show that Lewis Center's latest annual appreciation rate is lower than 50% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$475,863

Lewis Center, OH HOME PRICES

> $1,265,000
0.5%
0.5%
$949,001 - $1,265,000
0.4%
0.4%
$632,001 - $949,000
10.1%
10.1%
$506,001 - $632,000
19.3%
19.3%
$379,001 - $506,000
39.8%
39.8%
$253,001 - $379,000
25.2%
25.2%
$126,001 - $253,000
3.0%
3.0%
$63,001 - $126,000
0.5%
0.5%
$0 - $63,000
1.2%
1.2%
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:
2,785

Lewis Center Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2021 Q2 - 2021 Q3
Last 12 Months:
2020 Q3 - 2021 Q3
Last 2 Years:
2019 Q3 - 2021 Q3
Last 5 Years:
2016 Q3 - 2021 Q3
Last 10 Years:
2011 Q3 - 2021 Q3
Since 2000:
2000 Q1 - 2021 Q3
66.37% 2.37%
8
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,636 / per month

Homeownership Rate

Owners
93.3%
93.3%
Renters
6.7%
6.7%
Vacant
2.6%
2.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
63.2%
63.2%
1970 - 1999
32.9%
32.9%
1940 - 1969
2.0%
2.0%
1939 or Older
2.0%
2.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
89.3%
89.3%
Townhomes
5.2%
5.2%
Small Apt. Buildings
0.9%
0.9%
Apt. Complexes
3.4%
3.4%
Mobile Homes
1.2%
1.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.8%
0.8%
1 Bedroom
1.1%
1.1%
2 Bedrooms
6.8%
6.8%
3 Bedrooms
25.4%
25.4%
4 Bedrooms
56.3%
56.3%
5 or more bedrooms
9.6%
9.6%
0.0% 100.0%
% OF HOMES