Oak Hill, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Oak Hill, 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 Hill Housing Market Information

With a population of 1,500, 685 total housing units (homes and apartments), and a median house value of $118,898, house prices in Oak Hill are solidly below the national average.

Single-family detached homes are the single most common housing type in Oak Hill, accounting for 66.00% of the village's housing units. Other types of housing that are prevalent in Oak Hill include mobile homes or trailers ( 20.85%), large apartment complexes or high rise apartments ( 6.24%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.45%).

People in Oak Hill primarily live in small (one, two or no bedroom) single-family detached homes. Oak Hill has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Oak Hill's housing was primarily built during this period, from the '40s through the '60s. A full 33.47% of the village's housing hails from this era. Other housing ages represented in Oak Hill include homes built between 1970-1999 ( 28.95%) and housing constructed before 1939 ( 26.69%). There's also some housing in Oak Hill built between 2000 and later ( 10.89%).

Oak Hill Home Appreciation Rates

Appreciation rates for homes in Oak Hill have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.14%, which ranks in the top 50% nationwide. This equates to an annual average Oak Hill house appreciation rate of 0.31%.

Over the last year, Oak Hill appreciation rates have trailed the rest of the nation. In the last twelve months, Oak Hill's appreciation rate has been 0.12%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Oak Hill were at -0.60%, which equates to an annual appreciation rate of -2.39%.

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

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

Average Home Values

 

Median Home Value:
$118,898

Oak Hill, OH HOME PRICES

Value Range
> $1,066,000 1.2
$799,001 - $1,066,000 0.0
$533,001 - $799,000 0.0
$426,001 - $533,000 0.9
$320,001 - $426,000 5.0
$213,001 - $320,000 12.3
$107,001 - $213,000 30.7
$53,001 - $107,000 28.9
$0 - $53,000 21.0

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
66.131489511309 64.6981627296588

Number Of Homes And Apartments:
685

Oak Hill 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
32.95% 1.66% 10 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$814 / per month

Homeownership Rate

Homeownership
Owners 45.69
Renters 54.31
Vacant 9.03

Housing Market Details

 

Age of Homes

AGE OF Oak Hill HOMES
2000 or Newer 10.9
1970 - 1999 29.0
1940 - 1969 33.5
1939 or Older 26.7

Types of Homes

TYPE OF Oak Hill HOMES
Single-Family 66.0
Townhomes 3.5
Small Apt. Buildings 3.5
Apt. Complexes 6.2
Mobile Homes 20.8
Other 0.0

Home Size

SIZE OF Oak Hill HOMES
No Bedroom 0.80
1 Bedroom 11.42
2 Bedrooms 39.58
3 Bedrooms 37.85
4 Bedrooms 9.30
5 or more bedrooms 1.06

Popular Neighborhoods in Oak Hill

Zip Codes in Oak Hill, OH