Logan, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Logan, OH Real Estate Data


Logan Housing Market Information

With a population of 7,117, 3,069 total housing units (homes and apartments), and a median house value of $117,340, house prices in Logan are solidly below the national average.

Single-family detached homes are the single most common housing type in Logan, accounting for 68.51% of the city's housing units. Other types of housing that are prevalent in Logan include duplexes, homes converted to apartments or other small apartment buildings ( 12.40%), large apartment complexes or high rise apartments ( 10.32%), and a few mobile homes or trailers ( 5.34%).

The most prevalent building size and type in Logan are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.28% owning and 41.72% renting.

The housing in Logan was primarily built before 1939 ( 32.27%), making the housing stock in Logan some of the oldest overall in America, although there is a range of ages of homes in Logan. The next most important housing age is between 1970-1999 ( 29.00%), followed by between 1940-1969 ( 27.64%). There's also some housing in Logan built between 2000 and later ( 11.09%).

Logan Home Appreciation Rates

Real estate appreciation rates in Logan's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.08% during the period.

NeighborhoodScout's data show that during the latest twelve months, Logan's appreciation rate, at 5.38%, has been at or slightly above the national average. In the latest quarter, Logan's appreciation rate has been 2.81%, which annualizes to a rate of 11.73%.

Importantly, this makes Logan one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Ohio, our data show that Logan's latest annual appreciation rate is higher than 60% 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 Logan differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Logan - 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 Logan real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$117,340

Logan, OH HOME PRICES

Value Range
> $1,131,000 0.1
$848,001 - $1,131,000 1.1
$565,001 - $848,000 0.7
$452,001 - $565,000 0.5
$339,001 - $452,000 1.2
$226,001 - $339,000 7.6
$113,001 - $226,000 40.6
$56,001 - $113,000 33.4
$0 - $56,000 14.8

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
67.8895590560403 68.6351706036745

Number Of Homes And Apartments:
3,069

Rent & Ownership

 

Average Market Rent:
$749 / per month

Homeownership Rate

Homeownership
Owners 58.28
Renters 41.72
Vacant 8.99

Housing Market Details

 

Age of Homes

AGE OF Logan HOMES
2000 or Newer 11.1
1970 - 1999 29.0
1940 - 1969 27.6
1939 or Older 32.3

Types of Homes

TYPE OF Logan HOMES
Single-Family 68.5
Townhomes 3.4
Small Apt. Buildings 12.4
Apt. Complexes 10.3
Mobile Homes 5.3
Other 0.0

Home Size

SIZE OF Logan HOMES
No Bedroom 1.69
1 Bedroom 12.57
2 Bedrooms 32.21
3 Bedrooms 39.12
4 Bedrooms 13.55
5 or more bedrooms 0.86

Logan Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
14.96% 0.82% 6 2
* 10 is highest