Mount Orab, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Mount Orab Neighborhoods Since 2000




Mount Orab, 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 Orab Housing Market Information

With a population of 3,660, 1,421 total housing units (homes and apartments), and a median house value of $122,042, house prices in Mount Orab are solidly below the national average.

Single-family detached homes are the single most common housing type in Mount Orab, accounting for 68.42% of the village's housing units. Other types of housing that are prevalent in Mount Orab include large apartment complexes or high rise apartments ( 12.51%), duplexes, homes converted to apartments or other small apartment buildings ( 11.00%), and a few mobile homes or trailers ( 7.66%).

The most prevalent building size and type in Mount Orab are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 59.88% owning and 40.12% renting.

Mount Orab homes and real estate are some of the newest in America. 36.36% of Mount Orab's housing was built since 2000, making the village have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Mount Orab real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 35.54%), and between 1940-1969 ( 23.99%). There's also some housing in Mount Orab built before 1939 ( 4.10%).

Mount Orab Home Appreciation Rates

Real estate appreciation rates in Mount Orab'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, Mount Orab appreciation rates have trailed the rest of the nation. In the last twelve months, Mount Orab's appreciation rate has been 2.89%, 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 Orab were at 0.43%, which equates to an annual appreciation rate of 1.74%.

Relative to Ohio, our data show that Mount Orab's latest annual appreciation rate is lower than 50% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$122,042

Mount Orab, OH HOME PRICES

Value Range
> $1,128,000 0.6
$846,001 - $1,128,000 0.0
$564,001 - $846,000 0.0
$451,001 - $564,000 0.0
$338,001 - $451,000 2.0
$226,001 - $338,000 9.8
$113,001 - $226,000 46.4
$56,001 - $113,000 31.7
$0 - $56,000 9.5

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
64.2798546818235 61.6797900262467

Number Of Homes And Apartments:
1,421

Mount Orab 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
18.11% 0.97% 7 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$832 / per month

Homeownership Rate

Homeownership
Owners 59.88
Renters 40.12
Vacant 2.87

Housing Market Details

 

Age of Homes

AGE OF Mount Orab HOMES
2000 or Newer 36.4
1970 - 1999 35.5
1940 - 1969 24.0
1939 or Older 4.1

Types of Homes

TYPE OF Mount Orab HOMES
Single-Family 68.4
Townhomes 0.4
Small Apt. Buildings 11.0
Apt. Complexes 12.5
Mobile Homes 7.7
Other 0.0

Home Size

SIZE OF Mount Orab HOMES
No Bedroom 0.00
1 Bedroom 8.82
2 Bedrooms 28.57
3 Bedrooms 49.56
4 Bedrooms 13.06
5 or more bedrooms 0.00