Oak Hill, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Oak Hill, OH Real Estate Data


Oak Hill Housing Market Information

With 1,500 people, 723 houses or apartments, and a median cost of homes of $118,413, 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 69.85% of the village's housing units. Other types of housing that are prevalent in Oak Hill include mobile homes or trailers ( 17.65%), large apartment complexes or high rise apartments ( 7.22%), and a few row houses and other attached homes ( 3.09%).

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 34.79% of the village's housing hails from this era. Other housing ages represented in Oak Hill include homes built between 1970-1999 ( 31.19%) and housing constructed before 1939 ( 24.48%). There's also some housing in Oak Hill built between 2000 and later ( 9.54%).

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 9.70%, which ranks in the top 40% nationwide. This equates to an annual average Oak Hill house appreciation rate of 0.93%.

NeighborhoodScout's data show that during the latest twelve months, Oak Hill's appreciation rate, at 5.44%, has been at or slightly above the national average. In the latest quarter, Oak Hill's appreciation rate has been 1.15%, which annualizes to a rate of 4.69%.

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

Average Home Values

 

Median Home Value:
$118,413

Oak Hill, OH HOME PRICES

Value Range
> $1,143,000 1.1
$858,001 - $1,143,000 0.0
$572,001 - $858,000 0.6
$457,001 - $572,000 0.0
$343,001 - $457,000 3.9
$229,001 - $343,000 12.5
$115,001 - $229,000 31.9
$57,001 - $115,000 29.7
$0 - $57,000 20.3

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
67.3127598524331 66.7979002624672

Number Of Homes And Apartments:
723

Rent & Ownership

 

Average Market Rent:
$781 / per month

Homeownership Rate

Homeownership
Owners 48.22
Renters 51.78
Vacant 6.83

Housing Market Details

 

Age of Homes

AGE OF Oak Hill HOMES
2000 or Newer 9.5
1970 - 1999 31.2
1940 - 1969 34.8
1939 or Older 24.5

Types of Homes

TYPE OF Oak Hill HOMES
Single-Family 69.8
Townhomes 3.1
Small Apt. Buildings 2.2
Apt. Complexes 7.2
Mobile Homes 17.7
Other 0.0

Home Size

SIZE OF Oak Hill HOMES
No Bedroom 1.03
1 Bedroom 13.66
2 Bedrooms 38.79
3 Bedrooms 37.37
4 Bedrooms 8.25
5 or more bedrooms 0.90

Oak Hill Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
37.90% 1.91% 10 4
* 10 is highest

Popular Neighborhoods in Oak Hill

Zip Codes in Oak Hill, OH