McConnelsville, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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McConnelsville, 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

McConnelsville Housing Market Information

With a population of 1,789, 855 total housing units (homes and apartments), and a median house value of $91,672, house prices in McConnelsville 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 McConnelsville, accounting for 63.66% of the village's housing units. Other types of housing that are prevalent in McConnelsville include duplexes, homes converted to apartments or other small apartment buildings ( 18.01%), large apartment complexes or high rise apartments ( 10.35%), and a few mobile homes or trailers ( 5.49%).

The most prevalent building size and type in McConnelsville are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 47.15% owning and 52.85% renting.

The housing in McConnelsville was primarily built before 1939 ( 42.86%), making the housing stock in McConnelsville some of the oldest overall in America, although there is a range of ages of homes in McConnelsville. The next most important housing age is between 1970-1999 ( 25.47%), followed by between 1940-1969 ( 24.95%). There's also some housing in McConnelsville built between 2000 and later ( 6.73%).

Vacant housing appears to be an issue in McConnelsville. Fully 11.49% of the housing stock is classified as vacant. Left unchecked, vacant McConnelsville homes and apartments can be a drag on the real estate market, holding McConnelsville 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.

McConnelsville Home Appreciation Rates

Real estate appreciation rates in McConnelsville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.01% during the period.

Over the last year, McConnelsville appreciation rates have trailed the rest of the nation. In the last twelve months, McConnelsville's appreciation rate has been 1.68%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in McConnelsville were at -0.60%, which equates to an annual appreciation rate of -2.39%.

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

Relative to Ohio, our data show that McConnelsville's latest annual appreciation rate is lower than 60% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$91,672

McConnelsville, OH HOME PRICES

Value Range
> $1,070,000 0.4
$802,001 - $1,070,000 0.0
$534,001 - $802,000 0.0
$428,001 - $534,000 0.0
$321,001 - $428,000 1.3
$214,001 - $321,000 5.8
$107,001 - $214,000 22.4
$54,001 - $107,000 51.3
$0 - $54,000 18.7

Very Low for OH
Very Low for Nation

Value Relative to Nation Value Relative to State
82.8753076292043 85.3674540682415

Number Of Homes And Apartments:
855

McConnelsville 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
20.12% 1.07% 8 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$689 / per month

Homeownership Rate

Homeownership
Owners 47.15
Renters 52.85
Vacant 11.49

Housing Market Details

 

Age of Homes

AGE OF McConnelsville HOMES
2000 or Newer 6.7
1970 - 1999 25.5
1940 - 1969 24.9
1939 or Older 42.9

Types of Homes

TYPE OF McConnelsville HOMES
Single-Family 63.7
Townhomes 2.5
Small Apt. Buildings 18.0
Apt. Complexes 10.4
Mobile Homes 5.5
Other 0.0

Home Size

SIZE OF McConnelsville HOMES
No Bedroom 0.00
1 Bedroom 19.36
2 Bedrooms 26.40
3 Bedrooms 41.41
4 Bedrooms 9.73
5 or more bedrooms 3.11

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