Oak Harbor, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Oak Harbor Neighborhoods Since 2000




Oak Harbor, 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

Oak Harbor Housing Market Information

With a population of 2,715, 1,106 total housing units (homes and apartments), and a median house value of $111,642, house prices in Oak Harbor are solidly below the national average.

Single-family detached homes are the single most common housing type in Oak Harbor, accounting for 78.37% of the village's housing units. Other types of housing that are prevalent in Oak Harbor include duplexes, homes converted to apartments or other small apartment buildings ( 12.19%), large apartment complexes or high rise apartments ( 9.44%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Oak Harbor. Owner-occupied housing accounts for 66.18% of Oak Harbor's homes, and 64.49% have either three or four bedrooms, which is average sized relative to America.

The housing in Oak Harbor was primarily built before 1939 ( 39.47%), making the housing stock in Oak Harbor some of the oldest overall in America, although there is a range of ages of homes in Oak Harbor. The next most important housing age is between 1940-1969 ( 31.40%), followed by between 1970-1999 ( 20.50%). There's also some housing in Oak Harbor built between 2000 and later ( 8.64%).

Vacant housing appears to be an issue in Oak Harbor. Fully 10.73% of the housing stock is classified as vacant. Left unchecked, vacant Oak Harbor homes and apartments can be a drag on the real estate market, holding Oak Harbor 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.

Oak Harbor Home Appreciation Rates

Oak Harbor's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Oak Harbor during the period has been just -1.91%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Oak Harbor's appreciation rate, at 3.94%, has been at or slightly above the national average. In the latest quarter, Oak Harbor's appreciation rate has been -0.60%, which annualizes to a rate of -2.39%.

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

Relative to Ohio, our data show that Oak Harbor's latest annual appreciation rate is higher than 60% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$111,642

Oak Harbor, OH HOME PRICES

Value Range
> $1,056,000 0.0
$792,001 - $1,056,000 0.0
$528,001 - $792,000 1.4
$422,001 - $528,000 0.0
$316,001 - $422,000 3.2
$211,001 - $316,000 8.6
$105,001 - $211,000 45.7
$53,001 - $105,000 32.3
$0 - $53,000 8.7

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
70.3914215399039 70.2099737532808

Number Of Homes And Apartments:
1,106

Oak Harbor 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
2.13% 0.12% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$885 / per month

Homeownership Rate

Homeownership
Owners 66.18
Renters 33.82
Vacant 10.73

Housing Market Details

 

Age of Homes

AGE OF Oak Harbor HOMES
2000 or Newer 8.6
1970 - 1999 20.5
1940 - 1969 31.4
1939 or Older 39.5

Types of Homes

TYPE OF Oak Harbor HOMES
Single-Family 78.4
Townhomes 0.0
Small Apt. Buildings 12.2
Apt. Complexes 9.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Oak Harbor HOMES
No Bedroom 0.00
1 Bedroom 7.67
2 Bedrooms 24.05
3 Bedrooms 51.01
4 Bedrooms 13.48
5 or more bedrooms 3.79

Popular Neighborhoods in Oak Harbor

Zip Codes in Oak Harbor, OH