Massillon, OH Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Massillon, OH Housing Market Trends

With a population of 32,584, 13,630 total housing units (homes and apartments), and a median house value of $101,105, house prices in Massillon 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 Massillon, accounting for 74.28% of the city's housing units. Other types of housing that are prevalent in Massillon include large apartment complexes or high rise apartments ( 10.88%), duplexes, homes converted to apartments or other small apartment buildings ( 9.95%), and a few mobile homes or trailers ( 2.50%).

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 61.34% owning and 38.66% renting.

The housing in Massillon was primarily built before 1939 ( 33.12%), 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 ( 29.89%), followed by between 1970-1999 ( 22.74%). There's also some housing in Massillon built between 2000 and later ( 14.25%).

Vacant housing appears to be an issue in Massillon. Fully 10.83% 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 3.33% during the period.

NeighborhoodScout's data show that during the latest twelve months, Massillon's appreciation rate, at 9.58%, has been at or slightly above the national average. In the latest quarter, Massillon's appreciation rate has been 1.89%, which annualizes to a rate of 7.79%.

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 lower than 50% 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:
$101,105

Massillon, OH HOME PRICES

> $1,202,000
0.4%
0.4%
$902,001 - $1,202,000
0.1%
0.1%
$601,001 - $902,000
0.2%
0.2%
$481,001 - $601,000
0.2%
0.2%
$361,001 - $481,000
1.3%
1.3%
$241,001 - $361,000
7.5%
7.5%
$120,001 - $241,000
37.2%
37.2%
$60,001 - $120,000
39.3%
39.3%
$0 - $60,000
13.9%
13.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Very Low for OH

Value Relative To Nation

Number Of Homes And Apartments:
13,630

Massillon Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
28.13% 1.16%
2
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$882 / per month

Homeownership Rate

Owners
61.3%
61.3%
Renters
38.7%
38.7%
Vacant
10.8%
10.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
14.3%
14.3%
1970 - 1999
22.7%
22.7%
1940 - 1969
29.9%
29.9%
1939 or Older
33.1%
33.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
74.3%
74.3%
Townhomes
2.4%
2.4%
Small Apt. Buildings
10.0%
10.0%
Apt. Complexes
10.9%
10.9%
Mobile Homes
2.5%
2.5%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.2%
1.2%
1 Bedroom
10.5%
10.5%
2 Bedrooms
28.8%
28.8%
3 Bedrooms
45.8%
45.8%
4 Bedrooms
12.3%
12.3%
5 or more bedrooms
1.4%
1.4%
0.0% 100.0%
% OF HOMES