Port Clinton, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Port Clinton Neighborhoods Since 2000




Port Clinton, 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

Port Clinton Housing Market Information

With a population of 5,957, 2,678 total housing units (homes and apartments), and a median house value of $95,715, house prices in Port Clinton 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 Port Clinton, accounting for 67.63% of the city's housing units. Other types of housing that are prevalent in Port Clinton include large apartment complexes or high rise apartments ( 17.03%), duplexes, homes converted to apartments or other small apartment buildings ( 8.73%), and a few mobile homes or trailers ( 4.22%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Port Clinton. Owner-occupied housing accounts for 67.18% of Port Clinton's homes, and 50.52% have either three or four bedrooms, which is average sized relative to America.

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. Port Clinton's housing was primarily built during this period, from the '40s through the '60s. A full 36.42% of the city's housing hails from this era. Other housing ages represented in Port Clinton include homes built before 1939 ( 32.34%) and housing constructed between 1970-1999 ( 26.16%). There's also some housing in Port Clinton built between 2000 and later ( 5.08%).

Vacant housing appears to be an issue in Port Clinton. Fully 23.09% of the housing stock is classified as vacant. Left unchecked, vacant Port Clinton homes and apartments can be a drag on the real estate market, holding Port Clinton 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.

Port Clinton Home Appreciation Rates

Port Clinton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Port Clinton during the period has been just -1.76%, which is lower than 80% of US communities.

Over the last year, Port Clinton appreciation rates have trailed the rest of the nation. In the last twelve months, Port Clinton's appreciation rate has been 0.41%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Port Clinton were at -0.60%, which equates to an annual appreciation rate of -2.39%.

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

Relative to Ohio, our data show that Port Clinton's latest annual appreciation rate is lower than 80% 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 Port Clinton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Port Clinton - 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 Port Clinton real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$95,715

Port Clinton, OH HOME PRICES

Value Range
> $1,029,000 0.4
$772,001 - $1,029,000 0.0
$514,001 - $772,000 0.0
$411,001 - $514,000 0.0
$309,001 - $411,000 2.7
$206,001 - $309,000 3.2
$103,001 - $206,000 39.5
$51,001 - $103,000 42.4
$0 - $51,000 11.7

Very Low for OH
Very Low for Nation

Value Relative to Nation Value Relative to State
80.3879057775694 82.4146981627297

Number Of Homes And Apartments:
2,678

Port Clinton 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
1.65% 0.09% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$784 / per month

Homeownership Rate

Homeownership
Owners 67.18
Renters 32.82
Vacant 23.09

Housing Market Details

 

Age of Homes

AGE OF Port Clinton HOMES
2000 or Newer 5.1
1970 - 1999 26.2
1940 - 1969 36.4
1939 or Older 32.3

Types of Homes

TYPE OF Port Clinton HOMES
Single-Family 67.6
Townhomes 2.4
Small Apt. Buildings 8.7
Apt. Complexes 17.0
Mobile Homes 4.2
Other 0.0

Home Size

SIZE OF Port Clinton HOMES
No Bedroom 1.23
1 Bedroom 16.60
2 Bedrooms 30.24
3 Bedrooms 32.97
4 Bedrooms 17.55
5 or more bedrooms 1.41