Moraine, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Moraine Neighborhoods Since 2000




Moraine, OH Real Estate Data


Moraine Housing Market Information

With a population of 6,373, 2,363 total housing units (homes and apartments), and a median house value of $71,969, house prices in Moraine 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 Moraine, accounting for 66.83% of the city's housing units. Other types of housing that are prevalent in Moraine include large apartment complexes or high rise apartments ( 15.42%), mobile homes or trailers ( 9.16%), and a few row houses and other attached homes ( 4.45%).

The most prevalent building size and type in Moraine are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.87% owning and 41.13% renting.

There is a lot of housing in Moraine 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 Moraine built between 1940-1969 ( 30.42%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.61%). There's also some housing in Moraine built before 1939 ( 7.92%).

Vacant housing appears to be an issue in Moraine. Fully 10.93% of the housing stock is classified as vacant. Left unchecked, vacant Moraine homes and apartments can be a drag on the real estate market, holding Moraine 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.

Moraine Home Appreciation Rates

Moraine's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Moraine during the period has been just -1.57%, which is lower than 80% of US communities.

Appreciation rates are so strong in Moraine that despite a nationwide downturn in the housing market, Moraine real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Moraine appreciation rates continue to be some of the highest in America, at 7.95%, which is higher than appreciation rates in 85.79% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Moraine. Moraine appreciation rates in the latest quarter were at -0.08%, which equates to an annual appreciation rate of -0.33%.

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

Average Home Values

 

Median Home Value:
$71,969

Moraine, OH HOME PRICES

Value Range
> $1,040,000 0.0
$780,001 - $1,040,000 0.0
$520,001 - $780,000 1.0
$416,001 - $520,000 0.6
$312,001 - $416,000 1.4
$208,001 - $312,000 3.7
$104,001 - $208,000 21.9
$52,001 - $104,000 57.3
$0 - $52,000 13.8

Very Low for OH
Very Low for Nation

Value Relative to Nation Value Relative to State
94.3103246220555 96.5879265091863

Number Of Homes And Apartments:
2,363

Rent & Ownership

 

Average Market Rent:
$868 / per month

Homeownership Rate

Homeownership
Owners 58.87
Renters 41.13
Vacant 10.93

Housing Market Details

 

Age of Homes

AGE OF Moraine HOMES
2000 or Newer 9.6
1970 - 1999 52.1
1940 - 1969 30.4
1939 or Older 7.9

Types of Homes

TYPE OF Moraine HOMES
Single-Family 66.8
Townhomes 4.4
Small Apt. Buildings 4.1
Apt. Complexes 15.4
Mobile Homes 9.2
Other 0.0

Home Size

SIZE OF Moraine HOMES
No Bedroom 1.85
1 Bedroom 5.31
2 Bedrooms 40.75
3 Bedrooms 40.67
4 Bedrooms 9.99
5 or more bedrooms 1.43

Moraine Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
-2.90% -0.17% 2 1
* 10 is highest