Piqua, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Piqua Neighborhoods Since 2000




Piqua, 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

Piqua Housing Market Information

With 20,790 people, 8,426 houses or apartments, and a median cost of homes of $87,457, house prices in Piqua are some of the most affordable in Ohio as well as the nation.

Single-family detached homes are the single most common housing type in Piqua, accounting for 70.45% of the city's housing units. Other types of housing that are prevalent in Piqua include duplexes, homes converted to apartments or other small apartment buildings ( 15.01%), large apartment complexes or high rise apartments ( 9.18%), and a few row houses and other attached homes ( 4.10%).

The most prevalent building size and type in Piqua are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.04% owning and 39.96% renting.

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. Piqua's housing was primarily built during this period, from the '40s through the '60s. A full 37.89% of the city's housing hails from this era. Other housing ages represented in Piqua include homes built before 1939 ( 33.97%) and housing constructed between 1970-1999 ( 22.09%). There's also some housing in Piqua built between 2000 and later ( 6.05%).

Piqua Home Appreciation Rates

Piqua's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Piqua during the period has been just -1.30%, which is lower than 70% of US communities.

Over the last year, Piqua appreciation rates have trailed the rest of the nation. In the last twelve months, Piqua's appreciation rate has been 3.07%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Piqua were at -0.27%, which equates to an annual appreciation rate of -1.08%.

Relative to Ohio, our data show that Piqua's latest annual appreciation rate is higher than 50% of the other cities and towns in Ohio.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Piqua differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Piqua - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Piqua real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$87,457

Piqua, OH HOME PRICES

Value Range
> $1,045,000 0.0
$784,001 - $1,045,000 0.1
$523,001 - $784,000 0.5
$418,001 - $523,000 0.7
$314,001 - $418,000 1.4
$209,001 - $314,000 7.7
$105,001 - $209,000 24.5
$52,001 - $105,000 54.9
$0 - $52,000 10.1

Very Low for OH
Very Low for Nation

Value Relative to Nation Value Relative to State
85.8607758115551 88.0577427821522

Number Of Homes And Apartments:
8,426

Piqua 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
-6.97% -0.42% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$871 / per month

Homeownership Rate

Homeownership
Owners 60.04
Renters 39.96
Vacant 8.14

Housing Market Details

 

Age of Homes

AGE OF Piqua HOMES
2000 or Newer 6.1
1970 - 1999 22.1
1940 - 1969 37.9
1939 or Older 34.0

Types of Homes

TYPE OF Piqua HOMES
Single-Family 70.4
Townhomes 4.1
Small Apt. Buildings 15.0
Apt. Complexes 9.2
Mobile Homes 1.3
Other 0.0

Home Size

SIZE OF Piqua HOMES
No Bedroom 1.24
1 Bedroom 10.28
2 Bedrooms 33.33
3 Bedrooms 40.68
4 Bedrooms 10.24
5 or more bedrooms 4.23