Proctorville, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Proctorville, 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

Proctorville Housing Market Information

With 559 people, 240 houses or apartments, and a median cost of homes of $106,334, house prices in Proctorville are solidly below the national average.

Single-family detached homes are the single most common housing type in Proctorville, accounting for 61.20% of the village's housing units. Other types of housing that are prevalent in Proctorville include duplexes, homes converted to apartments or other small apartment buildings ( 21.40%), mobile homes or trailers ( 11.37%), and a few large apartment complexes or high rise apartments ( 4.35%).

The most prevalent building size and type in Proctorville are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 56.25% owning and 43.75% renting.

There is a lot of housing in Proctorville 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 Proctorville built between 1940-1969 ( 28.76%). A lesser amount of the housing stock also hails from before 1939 ( 26.76%). There's also some housing in Proctorville built between 2000 and later ( 5.02%).

Vacant housing appears to be an issue in Proctorville. Fully 19.73% of the housing stock is classified as vacant. Left unchecked, vacant Proctorville homes and apartments can be a drag on the real estate market, holding Proctorville 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.

Proctorville Home Appreciation Rates

Appreciation rates for homes in Proctorville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.83%, which ranks in the top 50% nationwide. This equates to an annual average Proctorville house appreciation rate of 0.28%.

Over the last year, Proctorville appreciation rates have trailed the rest of the nation. In the last twelve months, Proctorville's appreciation rate has been -4.35%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Proctorville were at -1.61%, which equates to an annual appreciation rate of -6.28%.

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

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

Average Home Values

 

Median Home Value:
$106,334

Proctorville, OH HOME PRICES

Value Range
> $1,000,000 0.8
$750,001 - $1,000,000 0.0
$500,001 - $750,000 0.7
$400,001 - $500,000 4.0
$300,001 - $400,000 1.6
$200,001 - $300,000 14.7
$100,001 - $200,000 25.6
$50,001 - $100,000 36.5
$0 - $50,000 16.1

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
73.4559943747803 74.0157480314961

Number Of Homes And Apartments:
240

Proctorville 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
36.77% 1.83% 10 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$933 / per month

Homeownership Rate

Homeownership
Owners 56.25
Renters 43.75
Vacant 19.73

Housing Market Details

 

Age of Homes

AGE OF Proctorville HOMES
2000 or Newer 5.0
1970 - 1999 39.5
1940 - 1969 28.8
1939 or Older 26.8

Types of Homes

TYPE OF Proctorville HOMES
Single-Family 61.2
Townhomes 1.7
Small Apt. Buildings 21.4
Apt. Complexes 4.3
Mobile Homes 11.4
Other 0.0

Home Size

SIZE OF Proctorville HOMES
No Bedroom 5.69
1 Bedroom 18.06
2 Bedrooms 19.06
3 Bedrooms 46.49
4 Bedrooms 7.69
5 or more bedrooms 3.01

Popular Neighborhoods in Proctorville

Zip Codes in Proctorville, OH