Pomeroy, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Pomeroy, OH Real Estate Data


Pomeroy Housing Market Information

With a population of 1,821, 750 total housing units (homes and apartments), and a median house value of $76,748, house prices in Pomeroy 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 Pomeroy, accounting for 68.29% of the village's housing units. Other types of housing that are prevalent in Pomeroy include large apartment complexes or high rise apartments ( 12.45%), mobile homes or trailers ( 8.98%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.55%).

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

The housing in Pomeroy was primarily built before 1939 ( 53.46%), making the housing stock in Pomeroy some of the oldest overall in America, although there is a range of ages of homes in Pomeroy. The next most important housing age is between 1970-1999 ( 23.48%), followed by between 1940-1969 ( 18.40%). There's also some housing in Pomeroy built between 2000 and later ( 4.65%).

Vacant housing appears to be an issue in Pomeroy. Fully 18.83% of the housing stock is classified as vacant. Left unchecked, vacant Pomeroy homes and apartments can be a drag on the real estate market, holding Pomeroy 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.

Pomeroy Home Appreciation Rates

Appreciation rates for homes in Pomeroy have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.42%, which ranks in the top 50% nationwide. This equates to an annual average Pomeroy house appreciation rate of 0.62%.

NeighborhoodScout's data show that during the latest twelve months, Pomeroy's appreciation rate, at 5.24%, has been at or slightly above the national average. In the latest quarter, Pomeroy's appreciation rate has been 1.15%, which annualizes to a rate of 4.69%.

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

Average Home Values

 

Median Home Value:
$76,748

Pomeroy, OH HOME PRICES

Value Range
> $1,126,000 0.0
$845,001 - $1,126,000 0.0
$563,001 - $845,000 0.0
$451,001 - $563,000 0.3
$338,001 - $451,000 1.4
$225,001 - $338,000 6.3
$113,001 - $225,000 20.3
$56,001 - $113,000 36.6
$0 - $56,000 35.1

Very Low for OH
Very Low for Nation

Value Relative to Nation Value Relative to State
92.8441763775839 97.1128608923885

Number Of Homes And Apartments:
750

Rent & Ownership

 

Average Market Rent:
$691 / per month

Homeownership Rate

Homeownership
Owners 49.49
Renters 50.51
Vacant 18.83

Housing Market Details

 

Age of Homes

AGE OF Pomeroy HOMES
2000 or Newer 4.7
1970 - 1999 23.5
1940 - 1969 18.4
1939 or Older 53.5

Types of Homes

TYPE OF Pomeroy HOMES
Single-Family 68.3
Townhomes 1.7
Small Apt. Buildings 8.5
Apt. Complexes 12.4
Mobile Homes 9.0
Other 0.0

Home Size

SIZE OF Pomeroy HOMES
No Bedroom 1.62
1 Bedroom 10.39
2 Bedrooms 36.26
3 Bedrooms 34.96
4 Bedrooms 11.69
5 or more bedrooms 5.09

Pomeroy 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
24.36% 1.29% 8 2
* 10 is highest