Lewis Center OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Lewis Center, 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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (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 Housing Market Information

With 30,869 people, 2,670 houses or apartments, and a median cost of homes of $441,897, 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 92.04% of Lewis Center's homes, and 82.73% 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. 62.39% 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 ( 32.40%), and before 1939 ( 2.71%). There's also some housing in Lewis Center built between 1940-1969 ( 2.50%).

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 40.13%, which ranks in the top 30% nationwide. This equates to an annual average Lewis Center house appreciation rate of 3.43%.

NeighborhoodScout's data show that during the latest twelve months, Lewis Center's appreciation rate, at 4.05%, has been at or slightly above the national average. In the latest quarter, Lewis Center's appreciation rate has been 1.61%, which annualizes to a rate of 6.60%.

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:
$441,897

Lewis Center, OH HOME PRICES

Value Range
> $1,201,000 0.5
$901,001 - $1,201,000 0.6
$600,001 - $901,000 8.7
$480,001 - $600,000 17.5
$360,001 - $480,000 37.3
$240,001 - $360,000 29.7
$120,001 - $240,000 4.2
$60,001 - $120,000 0.3
$0 - $60,000 1.3

Very High for OH
Very High for Nation

Value Relative to Nation Value Relative to State
10.1722627737226 1.96850393700787

Number Of Homes And Apartments:
2,670

Lewis Center Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
51.28% 2.02%
8
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,490 / per month

Homeownership Rate

Homeownership
Owners 92.04
Renters 7.96
Vacant 2.67

Housing Market Details

 

Age of Homes

AGE OF Lewis Center HOMES
2000 or Newer 62.4
1970 - 1999 32.4
1940 - 1969 2.5
1939 or Older 2.7

Types of Homes

TYPE OF Lewis Center HOMES
Single-Family 90.4
Townhomes 4.1
Small Apt. Buildings 0.8
Apt. Complexes 3.4
Mobile Homes 1.3
Other 0.0

Home Size

SIZE OF Lewis Center HOMES
No Bedroom 0.75
1 Bedroom 1.19
2 Bedrooms 6.00
3 Bedrooms 26.00
4 Bedrooms 56.73
5 or more bedrooms 9.34