Middletown, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Middletown, 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

Middletown Housing Market Information

With a population of 48,760, 19,759 total housing units (homes and apartments), and a median house value of $88,664, house prices in Middletown 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 Middletown, accounting for 65.87% of the city's housing units. Other types of housing that are prevalent in Middletown include large apartment complexes or high rise apartments ( 15.87%), duplexes, homes converted to apartments or other small apartment buildings ( 10.43%), and a few row houses and other attached homes ( 6.35%).

People in Middletown primarily live in small (one, two or no bedroom) single-family detached homes. Middletown has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Middletown's housing was primarily built during this period, from the '40s through the '60s. A full 40.75% of the city's housing hails from this era. Other housing ages represented in Middletown include homes built between 1970-1999 ( 32.02%) and housing constructed before 1939 ( 21.53%). There's also some housing in Middletown built between 2000 and later ( 5.70%).

Vacant housing appears to be an issue in Middletown. Fully 14.34% of the housing stock is classified as vacant. Left unchecked, vacant Middletown homes and apartments can be a drag on the real estate market, holding Middletown 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.

Middletown Home Appreciation Rates

Middletown's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Middletown during the period has been just -1.62%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Middletown's appreciation rate, at 3.54%, has been at or slightly above the national average. In the latest quarter, Middletown's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

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

Average Home Values

 

Median Home Value:
$88,664

Middletown, OH HOME PRICES

Value Range
> $1,075,000 0.3
$806,001 - $1,075,000 0.1
$538,001 - $806,000 0.3
$430,001 - $538,000 0.4
$322,001 - $430,000 1.3
$215,001 - $322,000 5.0
$107,001 - $215,000 29.8
$54,001 - $107,000 44.4
$0 - $54,000 18.6

Very Low for OH
Very Low for Nation

Value Relative to Nation Value Relative to State
84.9642564162663 87.1391076115486

Number Of Homes And Apartments:
19,759

Middletown 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
-5.63% -0.34% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$918 / per month

Homeownership Rate

Homeownership
Owners 52.03
Renters 47.97
Vacant 14.34

Housing Market Details

 

Age of Homes

AGE OF Middletown HOMES
2000 or Newer 5.7
1970 - 1999 32.0
1940 - 1969 40.8
1939 or Older 21.5

Types of Homes

TYPE OF Middletown HOMES
Single-Family 65.9
Townhomes 6.3
Small Apt. Buildings 10.4
Apt. Complexes 15.9
Mobile Homes 1.5
Other 0.0

Home Size

SIZE OF Middletown HOMES
No Bedroom 2.51
1 Bedroom 11.06
2 Bedrooms 35.98
3 Bedrooms 39.00
4 Bedrooms 10.34
5 or more bedrooms 1.11