London, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating London Neighborhoods Since 2000




London, 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

London Housing Market Information

With 10,060 people, 4,061 houses or apartments, and a median cost of homes of $158,536, London real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in London, accounting for 70.05% of the city's housing units. Other types of housing that are prevalent in London include large apartment complexes or high rise apartments ( 13.54%), duplexes, homes converted to apartments or other small apartment buildings ( 11.62%), and a few row houses and other attached homes ( 4.29%).

The most prevalent building size and type in London are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.34% owning and 49.66% renting.

There is a lot of housing in London built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in London built between 1940-1969 ( 24.37%). A lesser amount of the housing stock also hails from before 1939 ( 18.93%). There's also some housing in London built between 2000 and later ( 16.54%).

London Home Appreciation Rates

Appreciation rates for homes in London have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.14%, which ranks in the top 50% nationwide. This equates to an annual average London house appreciation rate of 0.21%.

Appreciation rates are so strong in London that despite a nationwide downturn in the housing market, London real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, London appreciation rates continue to be some of the highest in America, at 6.18%, which is higher than appreciation rates in 75.56% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in London. London appreciation rates in the latest quarter were at 0.34%, which equates to an annual appreciation rate of 1.37%.

Relative to Ohio, our data show that London's latest annual appreciation rate is higher than 80% 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 London differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in London - 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 London real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$158,536

London, OH HOME PRICES

Value Range
> $1,145,000 0.6
$859,001 - $1,145,000 0.2
$573,001 - $859,000 0.9
$458,001 - $573,000 1.1
$344,001 - $458,000 0.4
$229,001 - $344,000 10.0
$115,001 - $229,000 58.6
$57,001 - $115,000 23.9
$0 - $57,000 4.3

High for OH
Average for Nation

Value Relative to Nation Value Relative to State
46.3201687565921 32.4146981627297

Number Of Homes And Apartments:
4,061

London 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
19.44% 1.03% 8 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$976 / per month

Homeownership Rate

Homeownership
Owners 50.34
Renters 49.66
Vacant 8.35

Housing Market Details

 

Age of Homes

AGE OF London HOMES
2000 or Newer 16.5
1970 - 1999 40.1
1940 - 1969 24.4
1939 or Older 18.9

Types of Homes

TYPE OF London HOMES
Single-Family 70.1
Townhomes 4.3
Small Apt. Buildings 11.6
Apt. Complexes 13.5
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF London HOMES
No Bedroom 4.27
1 Bedroom 12.14
2 Bedrooms 27.08
3 Bedrooms 42.07
4 Bedrooms 11.98
5 or more bedrooms 2.46