Lowellville, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Lowellville Neighborhoods Since 2000




Lowellville, 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

Lowellville Housing Market Information

With 1,107 people, 464 houses or apartments, and a median cost of homes of $78,614, house prices in Lowellville are some of the most affordable in Ohio as well as the nation.

Single-family detached homes are the single most common housing type in Lowellville, accounting for 82.92% of the village's housing units. Other types of housing that are prevalent in Lowellville include large apartment complexes or high rise apartments ( 7.21%), duplexes, homes converted to apartments or other small apartment buildings ( 5.88%), and a few mobile homes or trailers ( 2.28%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lowellville. Owner-occupied housing accounts for 70.47% of Lowellville's homes, and 61.67% have either three or four bedrooms, which is average sized relative to America.

The housing in Lowellville was primarily built before 1939 ( 62.62%), making the housing stock in Lowellville some of the oldest overall in America, although there is a range of ages of homes in Lowellville. The next most important housing age is between 1940-1969 ( 21.63%), followed by between 1970-1999 ( 11.76%). There's also some housing in Lowellville built between 2000 and later ( 3.98%).

Vacant housing appears to be an issue in Lowellville. Fully 11.95% of the housing stock is classified as vacant. Left unchecked, vacant Lowellville homes and apartments can be a drag on the real estate market, holding Lowellville real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Lowellville Home Appreciation Rates

Lowellville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lowellville during the period has been just -1.02%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Lowellville's appreciation rate, at 5.42%, has been at or slightly above the national average. In the latest quarter, Lowellville's appreciation rate has been 2.15%, which annualizes to a rate of 8.89%.

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

Relative to Ohio, our data show that Lowellville's latest annual appreciation rate is higher than 80% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$78,614

Lowellville, OH HOME PRICES

Value Range
> $1,040,000 0.0
$780,001 - $1,040,000 0.0
$520,001 - $780,000 0.0
$416,001 - $520,000 0.0
$312,001 - $416,000 1.2
$208,001 - $312,000 0.0
$104,001 - $208,000 16.5
$52,001 - $104,000 63.9
$0 - $52,000 18.3

Very Low for OH
Very Low for Nation

Value Relative to Nation Value Relative to State
91.357084261104 93.8320209973753

Number Of Homes And Apartments:
464

Lowellville 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
-6.98% -0.42% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$794 / per month

Homeownership Rate

Homeownership
Owners 70.47
Renters 29.53
Vacant 11.95

Housing Market Details

 

Age of Homes

AGE OF Lowellville HOMES
2000 or Newer 4.0
1970 - 1999 11.8
1940 - 1969 21.6
1939 or Older 62.6

Types of Homes

TYPE OF Lowellville HOMES
Single-Family 82.9
Townhomes 1.7
Small Apt. Buildings 5.9
Apt. Complexes 7.2
Mobile Homes 2.3
Other 0.0

Home Size

SIZE OF Lowellville HOMES
No Bedroom 0.57
1 Bedroom 9.30
2 Bedrooms 24.67
3 Bedrooms 49.34
4 Bedrooms 12.33
5 or more bedrooms 3.80

Popular Neighborhoods in Lowellville

Zip Codes in Lowellville, OH