Massillon, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Massillon, OH Real Estate Data


Massillon Housing Market Information

With 32,252 people, 13,127 houses or apartments, and a median cost of homes of $111,675, house prices in Massillon are solidly below the national average.

Single-family detached homes are the single most common housing type in Massillon, accounting for 74.13% of the city's housing units. Other types of housing that are prevalent in Massillon include duplexes, homes converted to apartments or other small apartment buildings ( 10.26%), large apartment complexes or high rise apartments ( 8.73%), and a few row houses and other attached homes ( 4.34%).

The most prevalent building size and type in Massillon are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.97% owning and 36.03% renting.

The housing in Massillon was primarily built before 1939 ( 33.82%), making the housing stock in Massillon some of the oldest overall in America, although there is a range of ages of homes in Massillon. The next most important housing age is between 1940-1969 ( 33.63%), followed by between 1970-1999 ( 21.48%). There's also some housing in Massillon built between 2000 and later ( 11.08%).

Vacant housing appears to be an issue in Massillon. Fully 12.15% of the housing stock is classified as vacant. Left unchecked, vacant Massillon homes and apartments can be a drag on the real estate market, holding Massillon 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.

Massillon Home Appreciation Rates

Real estate appreciation rates in Massillon'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, Massillon's appreciation rate, at 5.51%, has been at or slightly above the national average. In the latest quarter, Massillon's appreciation rate has been 0.79%, which annualizes to a rate of 3.21%.

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

Relative to Ohio, our data show that Massillon'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 Massillon differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Massillon - 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 Massillon real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$111,675

Massillon, OH HOME PRICES

Value Range
> $1,112,000 0.1
$834,001 - $1,112,000 0.0
$556,001 - $834,000 0.2
$445,001 - $556,000 0.6
$333,001 - $445,000 0.4
$222,001 - $333,000 5.4
$111,001 - $222,000 36.2
$55,001 - $111,000 42.6
$0 - $55,000 14.3

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
71.3649938513791 74.1469816272966

Number Of Homes And Apartments:
13,127

Rent & Ownership

 

Average Market Rent:
$756 / per month

Homeownership Rate

Homeownership
Owners 63.97
Renters 36.03
Vacant 12.15

Housing Market Details

 

Age of Homes

AGE OF Massillon HOMES
2000 or Newer 11.1
1970 - 1999 21.5
1940 - 1969 33.6
1939 or Older 33.8

Types of Homes

TYPE OF Massillon HOMES
Single-Family 74.1
Townhomes 4.3
Small Apt. Buildings 10.3
Apt. Complexes 8.7
Mobile Homes 2.5
Other 0.0

Home Size

SIZE OF Massillon HOMES
No Bedroom 1.19
1 Bedroom 10.52
2 Bedrooms 30.68
3 Bedrooms 44.58
4 Bedrooms 11.26
5 or more bedrooms 1.77

Massillon 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
3.59% 0.21% 3 1
* 10 is highest