Logan, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Logan, 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 Q1 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

Logan Housing Market Information

With 7,117 people, 3,031 houses or apartments, and a median cost of homes of $111,128, 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 66.15% 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 ( 14.58%), large apartment complexes or high rise apartments ( 10.16%), and a few mobile homes or trailers ( 5.68%).

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 55.33% owning and 44.67% renting.

The housing in Logan was primarily built before 1939 ( 32.62%), 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 ( 27.69%), followed by between 1940-1969 ( 26.04%). There's also some housing in Logan built between 2000 and later ( 13.65%).

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 -0.54% during the period.

NeighborhoodScout's data show that during the latest twelve months, Logan's appreciation rate, at 3.71%, has been at or slightly above the national average. In the latest quarter, Logan's appreciation rate has been 0.34%, which annualizes to a rate of 1.37%.

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:
$111,128

Logan, OH HOME PRICES

Value Range
> $1,071,000 0.3
$803,001 - $1,071,000 1.2
$536,001 - $803,000 0.9
$429,001 - $536,000 0.9
$322,001 - $429,000 1.4
$214,001 - $322,000 4.7
$107,001 - $214,000 41.8
$53,001 - $107,000 35.8
$0 - $53,000 13.1

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
70.7136997538966 70.8661417322835

Number Of Homes And Apartments:
3,031

Logan Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
13.03% 0.71% 6 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$748 / per month

Homeownership Rate

Homeownership
Owners 55.33
Renters 44.67
Vacant 8.87

Housing Market Details

 

Age of Homes

AGE OF Logan HOMES
2000 or Newer 13.7
1970 - 1999 27.7
1940 - 1969 26.0
1939 or Older 32.6

Types of Homes

TYPE OF Logan HOMES
Single-Family 66.1
Townhomes 3.4
Small Apt. Buildings 14.6
Apt. Complexes 10.2
Mobile Homes 5.7
Other 0.0

Home Size

SIZE OF Logan HOMES
No Bedroom 0.87
1 Bedroom 12.72
2 Bedrooms 34.19
3 Bedrooms 36.14
4 Bedrooms 14.46
5 or more bedrooms 1.62