Mount Gilead, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Mount Gilead Neighborhoods Since 2000




Mount Gilead, 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

Mount Gilead Housing Market Information

With 3,653 people, 1,434 houses or apartments, and a median cost of homes of $134,151, house prices in Mount Gilead are solidly below the national average.

Single-family detached homes are the single most common housing type in Mount Gilead, accounting for 66.07% of the village's housing units. Other types of housing that are prevalent in Mount Gilead include duplexes, homes converted to apartments or other small apartment buildings ( 19.93%), large apartment complexes or high rise apartments ( 7.48%), and a few mobile homes or trailers ( 4.67%).

The most prevalent building size and type in Mount Gilead are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 59.03% owning and 40.97% renting.

There is a lot of housing in Mount Gilead 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 Mount Gilead built between 1940-1969 ( 33.27%). A lesser amount of the housing stock also hails from before 1939 ( 20.35%). There's also some housing in Mount Gilead built between 2000 and later ( 4.97%).

Vacant housing appears to be an issue in Mount Gilead. Fully 14.18% of the housing stock is classified as vacant. Left unchecked, vacant Mount Gilead homes and apartments can be a drag on the real estate market, holding Mount Gilead 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.

Mount Gilead Home Appreciation Rates

Real estate appreciation rates in Mount Gilead's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.26% during the period.

Over the last year, Mount Gilead appreciation rates have trailed the rest of the nation. In the last twelve months, Mount Gilead's appreciation rate has been 0.67%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mount Gilead were at 0.34%, which equates to an annual appreciation rate of 1.37%.

Relative to Ohio, our data show that Mount Gilead's latest annual appreciation rate is lower than 70% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$134,151

Mount Gilead, OH HOME PRICES

Value Range
> $1,086,000 0.0
$814,001 - $1,086,000 0.9
$543,001 - $814,000 0.6
$434,001 - $543,000 0.0
$326,001 - $434,000 7.4
$217,001 - $326,000 9.7
$109,001 - $217,000 43.1
$54,001 - $109,000 32.1
$0 - $54,000 6.3

Average for OH
Average for Nation

Value Relative to Nation Value Relative to State
57.5588890191023 49.7375328083989

Number Of Homes And Apartments:
1,434

Mount Gilead 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
13.33% 0.73% 6 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$763 / per month

Homeownership Rate

Homeownership
Owners 59.03
Renters 40.97
Vacant 14.18

Housing Market Details

 

Age of Homes

AGE OF Mount Gilead HOMES
2000 or Newer 5.0
1970 - 1999 41.4
1940 - 1969 33.3
1939 or Older 20.3

Types of Homes

TYPE OF Mount Gilead HOMES
Single-Family 66.1
Townhomes 1.9
Small Apt. Buildings 19.9
Apt. Complexes 7.5
Mobile Homes 4.7
Other 0.0

Home Size

SIZE OF Mount Gilead HOMES
No Bedroom 0.00
1 Bedroom 16.94
2 Bedrooms 25.67
3 Bedrooms 37.82
4 Bedrooms 17.95
5 or more bedrooms 1.62