Orient, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Orient, 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

Orient Housing Market Information

With 275 people, 90 houses or apartments, and a median cost of homes of $177,886, Orient real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Orient, accounting for 90.38% of the village's housing units. Other types of housing that are prevalent in Orient include mobile homes or trailers ( 9.62%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Orient. Owner-occupied housing accounts for 77.78% of Orient's homes, and 70.19% have either three or four bedrooms, which is average sized relative to America.

The housing in Orient was primarily built before 1939 ( 65.38%), making the housing stock in Orient some of the oldest overall in America, although there is a range of ages of homes in Orient. The next most important housing age is between 1940-1969 ( 20.19%), followed by between 1970-1999 ( 13.46%).

Vacant housing appears to be an issue in Orient. Fully 13.46% of the housing stock is classified as vacant. Left unchecked, vacant Orient homes and apartments can be a drag on the real estate market, holding Orient 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.

Orient Home Appreciation Rates

Appreciation rates for homes in Orient have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.43%, which ranks in the top 50% nationwide. This equates to an annual average Orient house appreciation rate of 0.34%.

Appreciation rates are so strong in Orient that despite a nationwide downturn in the housing market, Orient real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Orient appreciation rates continue to be some of the highest in America, at 6.01%, which is higher than appreciation rates in 74.18% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Orient. Orient appreciation rates in the latest quarter were at 0.34%, which equates to an annual appreciation rate of 1.37%.

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

Average Home Values

 

Median Home Value:
$177,886

Orient, OH HOME PRICES

Value Range
> $1,165,000 2.6
$874,001 - $1,165,000 0.0
$583,001 - $874,000 0.7
$466,001 - $583,000 1.6
$350,001 - $466,000 3.6
$233,001 - $350,000 17.7
$117,001 - $233,000 54.7
$58,001 - $117,000 12.2
$0 - $58,000 6.9

High for OH
High for Nation

Value Relative to Nation Value Relative to State
38.8521035977968 22.3753280839895

Number Of Homes And Apartments:
90

Orient 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
17.55% 0.94% 7 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,381 / per month

Homeownership Rate

Homeownership
Owners 77.78
Renters 22.22
Vacant 13.46

Housing Market Details

 

Age of Homes

AGE OF Orient HOMES
2000 or Newer 1.0
1970 - 1999 13.5
1940 - 1969 20.2
1939 or Older 65.4

Types of Homes

TYPE OF Orient HOMES
Single-Family 90.4
Townhomes 0.0
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 9.6
Other 0.0

Home Size

SIZE OF Orient HOMES
No Bedroom 0.00
1 Bedroom 0.96
2 Bedrooms 27.88
3 Bedrooms 52.88
4 Bedrooms 17.31
5 or more bedrooms 0.96