Piketon, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Piketon, 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

Piketon Housing Market Information

With a population of 2,146, 748 total housing units (homes and apartments), and a median house value of $110,333, house prices in Piketon are solidly below the national average.

Single-family detached homes are the single most common housing type in Piketon, accounting for 54.58% of the village's housing units. Other types of housing that are prevalent in Piketon include large apartment complexes or high rise apartments ( 24.71%), duplexes, homes converted to apartments or other small apartment buildings ( 14.53%), and a few mobile homes or trailers ( 6.18%).

The most prevalent building size and type in Piketon are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 49.32% owning and 50.68% renting.

There is a lot of housing in Piketon built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Piketon built between 1940-1969 ( 26.66%). A lesser amount of the housing stock also hails from between 2000 and later ( 24.14%). There's also some housing in Piketon built before 1939 ( 8.92%).

Vacant housing appears to be an issue in Piketon. Fully 14.42% of the housing stock is classified as vacant. Left unchecked, vacant Piketon homes and apartments can be a drag on the real estate market, holding Piketon 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.

Piketon Home Appreciation Rates

Real estate appreciation rates in Piketon's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.30% during the period.

Appreciation rates are so strong in Piketon that despite a nationwide downturn in the housing market, Piketon real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Piketon appreciation rates continue to be some of the highest in America, at 8.13%, which is higher than appreciation rates in 87.38% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Piketon. Piketon appreciation rates in the latest quarter were at -0.60%, which equates to an annual appreciation rate of -2.39%.

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

Relative to Ohio, our data show that Piketon's latest annual appreciation rate is higher than 90% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$110,333

Piketon, OH HOME PRICES

Value Range
> $1,060,000 0.6
$795,001 - $1,060,000 0.0
$530,001 - $795,000 0.0
$424,001 - $530,000 0.3
$318,001 - $424,000 2.9
$212,001 - $318,000 8.9
$106,001 - $212,000 37.8
$53,001 - $106,000 33.3
$0 - $53,000 16.0

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
71.2234852923942 71.5223097112861

Number Of Homes And Apartments:
748

Piketon 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
14.43% 0.78% 6 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$804 / per month

Homeownership Rate

Homeownership
Owners 49.32
Renters 50.68
Vacant 14.42

Housing Market Details

 

Age of Homes

AGE OF Piketon HOMES
2000 or Newer 24.1
1970 - 1999 40.3
1940 - 1969 26.7
1939 or Older 8.9

Types of Homes

TYPE OF Piketon HOMES
Single-Family 54.6
Townhomes 0.0
Small Apt. Buildings 14.5
Apt. Complexes 24.7
Mobile Homes 6.2
Other 0.0

Home Size

SIZE OF Piketon HOMES
No Bedroom 0.00
1 Bedroom 11.33
2 Bedrooms 22.54
3 Bedrooms 47.94
4 Bedrooms 13.73
5 or more bedrooms 4.46

Popular Neighborhoods in Piketon

Zip Codes in Piketon, OH