Lewis Center, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Lewis Center Neighborhoods Since 2000




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 Q2 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

Lewis Center Housing Market Information

With a population of 28,314, 2,340 total housing units (homes and apartments), and a median house value of $382,107, 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 91.86% of Lewis Center's homes, and 86.48% 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. 56.88% 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 ( 36.08%), and between 1940-1969 ( 3.96%). There's also some housing in Lewis Center built before 1939 ( 3.08%).

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 15.81%, which ranks in the top 30% nationwide. This equates to an annual average Lewis Center house appreciation rate of 1.48%.

Appreciation rates are so strong in Lewis Center that despite a nationwide downturn in the housing market, Lewis Center real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lewis Center appreciation rates continue to be some of the highest in America, at 9.21%, which is higher than appreciation rates in 89.09% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lewis Center. Lewis Center appreciation rates in the latest quarter were at 5.57%, which equates to an annual appreciation rate of 24.22%.

Importantly, NeighborhoodScout’s exclusive research found that Lewis Center's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$382,107

Lewis Center, OH HOME PRICES

Value Range
> $1,204,000 0.2
$903,001 - $1,204,000 0.8
$602,001 - $903,000 5.6
$481,001 - $602,000 9.8
$361,001 - $481,000 28.7
$241,001 - $361,000 42.6
$120,001 - $241,000 9.4
$60,001 - $120,000 0.7
$0 - $60,000 2.3

Very High for OH
Very High for Nation

Value Relative to Nation Value Relative to State
10.7676093448094 2.23097112860892

Number Of Homes And Apartments:
2,340

Lewis Center Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
32.74% 1.63% 9 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,908 / per month

Homeownership Rate

Homeownership
Owners 91.86
Renters 8.14
Vacant 1.62

Housing Market Details

 

Age of Homes

AGE OF Lewis Center HOMES
2000 or Newer 56.9
1970 - 1999 36.1
1940 - 1969 4.0
1939 or Older 3.1

Types of Homes

TYPE OF Lewis Center HOMES
Single-Family 90.6
Townhomes 3.9
Small Apt. Buildings 1.2
Apt. Complexes 2.4
Mobile Homes 2.0
Other 0.0

Home Size

SIZE OF Lewis Center HOMES
No Bedroom 0.00
1 Bedroom 0.83
2 Bedrooms 7.03
3 Bedrooms 25.92
4 Bedrooms 60.55
5 or more bedrooms 5.67