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 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'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.
|$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|
|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 Oak Harbor HOMES|
|2000 or Newer||8.6|
|1970 - 1999||20.5|
|1940 - 1969||31.4|
|1939 or Older||39.5|
|TYPE OF Oak Harbor HOMES|
|Small Apt. Buildings||12.2|
|SIZE OF Oak Harbor HOMES|
|5 or more bedrooms||3.79|