Navarre, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Navarre Neighborhoods Since 2000




Navarre, 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

Navarre Housing Market Information

With 1,922 people, 822 houses or apartments, and a median cost of homes of $119,685, house prices in Navarre are solidly below the national average.

Single-family detached homes are the single most common housing type in Navarre, accounting for 73.32% of the village's housing units. Other types of housing that are prevalent in Navarre include duplexes, homes converted to apartments or other small apartment buildings ( 11.45%), large apartment complexes or high rise apartments ( 7.88%), and a few mobile homes or trailers ( 5.15%).

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

The housing in Navarre was primarily built before 1939 ( 47.06%), making the housing stock in Navarre some of the oldest overall in America, although there is a range of ages of homes in Navarre. The next most important housing age is between 1940-1969 ( 30.15%), followed by between 1970-1999 ( 19.01%). There's also some housing in Navarre built between 2000 and later ( 3.78%).

Vacant housing appears to be an issue in Navarre. Fully 13.66% of the housing stock is classified as vacant. Left unchecked, vacant Navarre homes and apartments can be a drag on the real estate market, holding Navarre 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.

Navarre Home Appreciation Rates

Real estate appreciation rates in Navarre's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.57% during the period.

Over the last year, Navarre appreciation rates have trailed the rest of the nation. In the last twelve months, Navarre's appreciation rate has been 2.99%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Navarre were at 0.95%, which equates to an annual appreciation rate of 3.83%.

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

Average Home Values

 

Median Home Value:
$119,685

Navarre, OH HOME PRICES

Value Range
> $1,144,000 0.0
$858,001 - $1,144,000 0.0
$572,001 - $858,000 0.0
$457,001 - $572,000 0.0
$343,001 - $457,000 3.4
$229,001 - $343,000 5.6
$114,001 - $229,000 46.2
$57,001 - $114,000 28.5
$0 - $57,000 16.2

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
65.527950310559 63.1233595800525

Number Of Homes And Apartments:
822

Navarre 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
3.19% 0.18% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$900 / per month

Homeownership Rate

Homeownership
Owners 62.11
Renters 37.89
Vacant 13.66

Housing Market Details

 

Age of Homes

AGE OF Navarre HOMES
2000 or Newer 3.8
1970 - 1999 19.0
1940 - 1969 30.1
1939 or Older 47.1

Types of Homes

TYPE OF Navarre HOMES
Single-Family 73.3
Townhomes 2.2
Small Apt. Buildings 11.4
Apt. Complexes 7.9
Mobile Homes 5.1
Other 0.0

Home Size

SIZE OF Navarre HOMES
No Bedroom 0.00
1 Bedroom 16.07
2 Bedrooms 32.67
3 Bedrooms 39.71
4 Bedrooms 8.82
5 or more bedrooms 2.73