Navarre, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Navarre, OH Real Estate Data


Navarre Housing Market Information

With 1,922 people, 863 houses or apartments, and a median cost of homes of $124,203, 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 76.15% 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 ( 11.40%), large apartment complexes or high rise apartments ( 6.80%), and a few mobile homes or trailers ( 4.18%).

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 ( 45.40%), 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 ( 33.79%), followed by between 1970-1999 ( 17.47%). There's also some housing in Navarre built between 2000 and later ( 3.35%).

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 -0.12% during the period.

Appreciation rates are so strong in Navarre that despite a nationwide downturn in the housing market, Navarre real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Navarre appreciation rates continue to be some of the highest in America, at 6.57%, which is higher than appreciation rates in 80.84% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Navarre. Navarre appreciation rates in the latest quarter were at 0.79%, which equates to an annual appreciation rate of 3.21%.

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

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

Average Home Values

 

Median Home Value:
$124,203

Navarre, OH HOME PRICES

Value Range
> $1,181,000 0.0
$886,001 - $1,181,000 0.0
$590,001 - $886,000 0.0
$472,001 - $590,000 0.0
$354,001 - $472,000 3.1
$236,001 - $354,000 4.9
$118,001 - $236,000 46.5
$59,001 - $118,000 28.3
$0 - $59,000 17.2

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
64.0510628330503 61.9422572178478

Number Of Homes And Apartments:
863

Rent & Ownership

 

Average Market Rent:
$817 / per month

Homeownership Rate

Homeownership
Owners 62.61
Renters 37.39
Vacant 9.73

Housing Market Details

 

Age of Homes

AGE OF Navarre HOMES
2000 or Newer 3.3
1970 - 1999 17.5
1940 - 1969 33.8
1939 or Older 45.4

Types of Homes

TYPE OF Navarre HOMES
Single-Family 76.2
Townhomes 1.5
Small Apt. Buildings 11.4
Apt. Complexes 6.8
Mobile Homes 4.2
Other 0.0

Home Size

SIZE OF Navarre HOMES
No Bedroom 0.00
1 Bedroom 15.17
2 Bedrooms 34.94
3 Bedrooms 39.02
4 Bedrooms 8.68
5 or more bedrooms 2.20

Navarre Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
6.63% 0.38% 4 1
* 10 is highest