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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 2,174 people, 948 houses or apartments, and a median cost of homes of $65,338, house prices in New Boston 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 New Boston, accounting for 48.87% of the village's housing units. Other types of housing that are prevalent in New Boston include large apartment complexes or high rise apartments ( 32.67%), duplexes, homes converted to apartments or other small apartment buildings ( 11.77%), and a few row houses and other attached homes ( 3.77%).
New Boston is dominated by renter-occupied one, two, or no bedrooms apartments. 67.36% of New Boston's dwellings are rentals.
The housing in New Boston was primarily built before 1939 ( 36.16%), making the housing stock in New Boston some of the oldest overall in America, although there is a range of ages of homes in New Boston. The next most important housing age is between 1970-1999 ( 32.30%), followed by between 1940-1969 ( 30.13%). There's also some housing in New Boston built between 2000 and later ( 1.41%).
Vacant housing appears to be an issue in New Boston. Fully 10.73% of the housing stock is classified as vacant. Left unchecked, vacant New Boston homes and apartments can be a drag on the real estate market, holding New Boston 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.
Real estate appreciation rates in New Boston's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.13% during the period.
Over the last year, New Boston appreciation rates have trailed the rest of the nation. In the last twelve months, New Boston's appreciation rate has been 1.11%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in New Boston were at -0.60%, which equates to an annual appreciation rate of -2.39%.
Notably, New Boston's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Ohio, our data show that New Boston's latest annual appreciation rate is lower than 70% of the other cities and towns in Ohio.
|$762,001 - $1,015,000||0.0|
|$507,001 - $762,000||0.3|
|$406,001 - $507,000||0.0|
|$305,001 - $406,000||0.0|
|$203,001 - $305,000||4.1|
|$102,001 - $203,000||11.7|
|$51,001 - $102,000||41.8|
|$0 - $51,000||41.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF New Boston HOMES|
|2000 or Newer||1.4|
|1970 - 1999||32.3|
|1940 - 1969||30.1|
|1939 or Older||36.2|
|TYPE OF New Boston HOMES|
|Small Apt. Buildings||11.8|
|SIZE OF New Boston HOMES|
|5 or more bedrooms||1.32|