Millersburg, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Millersburg, 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

Millersburg Housing Market Information

With 3,151 people, 1,351 houses or apartments, and a median cost of homes of $129,704, house prices in Millersburg are solidly below the national average.

Single-family detached homes are the single most common housing type in Millersburg, accounting for 55.05% of the village's housing units. Other types of housing that are prevalent in Millersburg include duplexes, homes converted to apartments or other small apartment buildings ( 19.78%), large apartment complexes or high rise apartments ( 13.31%), and a few mobile homes or trailers ( 10.04%).

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

There is a lot of housing in Millersburg built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Millersburg built between 1940-1969 ( 29.75%). A lesser amount of the housing stock also hails from before 1939 ( 25.09%). There's also some housing in Millersburg built between 2000 and later ( 5.09%).

Millersburg Home Appreciation Rates

Real estate appreciation rates in Millersburg's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.11% during the period.

Appreciation rates are so strong in Millersburg that despite a nationwide downturn in the housing market, Millersburg real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Millersburg appreciation rates continue to be some of the highest in America, at 6.38%, which is higher than appreciation rates in 76.96% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Millersburg. Millersburg appreciation rates in the latest quarter were at -0.60%, which equates to an annual appreciation rate of -2.39%.

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

Relative to Ohio, our data show that Millersburg's latest annual appreciation rate is higher than 80% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$129,704

Millersburg, OH HOME PRICES

Value Range
> $1,127,000 0.0
$845,001 - $1,127,000 0.0
$563,001 - $845,000 0.6
$451,001 - $563,000 4.7
$338,001 - $451,000 1.3
$225,001 - $338,000 13.8
$113,001 - $225,000 38.9
$56,001 - $113,000 26.5
$0 - $56,000 14.2

Average for OH
Low for Nation

Value Relative to Nation Value Relative to State
60.0433610687917 53.9370078740158

Number Of Homes And Apartments:
1,351

Millersburg 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
15.81% 0.85% 7 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$681 / per month

Homeownership Rate

Homeownership
Owners 46.04
Renters 53.96
Vacant 1.75

Housing Market Details

 

Age of Homes

AGE OF Millersburg HOMES
2000 or Newer 5.1
1970 - 1999 40.1
1940 - 1969 29.7
1939 or Older 25.1

Types of Homes

TYPE OF Millersburg HOMES
Single-Family 55.1
Townhomes 1.8
Small Apt. Buildings 19.8
Apt. Complexes 13.3
Mobile Homes 10.0
Other 0.0

Home Size

SIZE OF Millersburg HOMES
No Bedroom 0.73
1 Bedroom 18.62
2 Bedrooms 38.18
3 Bedrooms 26.91
4 Bedrooms 12.22
5 or more bedrooms 3.35

Popular Neighborhoods in Millersburg

Zip Codes in Millersburg, OH