Martins Ferry, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Martins Ferry Neighborhoods Since 2000




Martins Ferry, 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

Martins Ferry Housing Market Information

With 6,786 people, 2,954 houses or apartments, and a median cost of homes of $84,526, house prices in Martins Ferry 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 Martins Ferry, accounting for 63.17% of the city's housing units. Other types of housing that are prevalent in Martins Ferry include duplexes, homes converted to apartments or other small apartment buildings ( 17.26%), large apartment complexes or high rise apartments ( 15.93%), and a few row houses and other attached homes ( 3.63%).

The most prevalent building size and type in Martins Ferry are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.93% owning and 41.07% renting.

The housing in Martins Ferry was primarily built before 1939 ( 43.76%), making the housing stock in Martins Ferry some of the oldest overall in America, although there is a range of ages of homes in Martins Ferry. The next most important housing age is between 1940-1969 ( 35.97%), followed by between 1970-1999 ( 19.24%). There's also some housing in Martins Ferry built between 2000 and later ( 1.03%).

Vacant housing appears to be an issue in Martins Ferry. Fully 12.84% of the housing stock is classified as vacant. Left unchecked, vacant Martins Ferry homes and apartments can be a drag on the real estate market, holding Martins Ferry 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.

Martins Ferry Home Appreciation Rates

In the last 10 years, Martins Ferry has experienced some of the highest home appreciation rates of any community in the nation. Martins Ferry real estate appreciated 20.44% over the last ten years, which is an average annual home appreciation rate of 1.88%, putting Martins Ferry in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Martins Ferry definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Martins Ferry appreciation rates have trailed the rest of the nation. In the last twelve months, Martins Ferry's appreciation rate has been 2.97%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Martins Ferry were at -4.83%, which equates to an annual appreciation rate of -17.97%.

Notably, Martins Ferry's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Ohio, our data show that Martins Ferry's latest annual appreciation rate is lower than 50% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$84,526

Martins Ferry, OH HOME PRICES

Value Range
> $1,147,000 0.0
$861,001 - $1,147,000 0.0
$574,001 - $861,000 0.0
$459,001 - $574,000 0.0
$344,001 - $459,000 0.0
$229,001 - $344,000 3.1
$115,001 - $229,000 25.4
$57,001 - $115,000 45.1
$0 - $57,000 26.4

Very Low for OH
Very Low for Nation

Value Relative to Nation Value Relative to State
87.6948318293683 89.501312335958

Number Of Homes And Apartments:
2,954

Martins Ferry 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
32.19% 1.63% 10 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$938 / per month

Homeownership Rate

Homeownership
Owners 58.93
Renters 41.07
Vacant 12.84

Housing Market Details

 

Age of Homes

AGE OF Martins Ferry HOMES
2000 or Newer 1.0
1970 - 1999 19.2
1940 - 1969 36.0
1939 or Older 43.8

Types of Homes

TYPE OF Martins Ferry HOMES
Single-Family 63.2
Townhomes 3.6
Small Apt. Buildings 17.3
Apt. Complexes 15.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Martins Ferry HOMES
No Bedroom 2.54
1 Bedroom 14.10
2 Bedrooms 29.60
3 Bedrooms 43.94
4 Bedrooms 6.61
5 or more bedrooms 3.22