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 about Scout's Real Estate Data
With 2,807 people, 1,206 houses or apartments, and a median cost of homes of $188,471, 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 76.12% of the village's housing units. Other types of housing that are prevalent in Oak Harbor include large apartment complexes or high rise apartments ( 11.22%), duplexes, homes converted to apartments or other small apartment buildings ( 10.98%), and a few row houses and other attached homes ( 1.68%).
The most prevalent building size and type in Oak Harbor are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 61.03% owning and 38.97% renting.
The housing in Oak Harbor was primarily built before 1939 ( 38.78%), 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 ( 27.56%), followed by between 1970-1999 ( 18.35%). There's also some housing in Oak Harbor built between 2000 and later ( 15.30%).
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 5.01%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Oak Harbor's appreciation rate, at 3.28%, has been at or slightly above the national average. In the latest quarter, Oak Harbor's appreciation rate has been 4.25%, which annualizes to a rate of 18.12%.
Importantly, this makes Oak Harbor one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.
Relative to Ohio, our data show that Oak Harbor's latest annual appreciation rate is lower than 60% of the other cities and towns in Ohio.
$1,138 / per month