Proctorville, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Proctorville, OH Real Estate Data


Proctorville Housing Market Information

With 559 people, 246 houses or apartments, and a median cost of homes of $113,643, 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 67.41% 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 ( 18.85%), mobile homes or trailers ( 9.27%), and a few large apartment complexes or high rise apartments ( 2.88%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Proctorville. Owner-occupied housing accounts for 67.07% of Proctorville's homes, and 49.20% have either three or four bedrooms, which is average sized relative to America.

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 before 1939 ( 26.52%). A lesser amount of the housing stock also hails from between 1940-1969 ( 25.24%). There's also some housing in Proctorville built between 2000 and later ( 3.19%).

Vacant housing appears to be an issue in Proctorville. Fully 21.41% 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 7.54%, which ranks in the top 40% nationwide. This equates to an annual average Proctorville house appreciation rate of 0.73%.

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 2.16%, 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 -0.55%, which equates to an annual appreciation rate of -2.17%.

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:
$113,643

Proctorville, OH HOME PRICES

Value Range
> $1,055,000 2.9
$791,001 - $1,055,000 0.0
$527,001 - $791,000 1.2
$422,001 - $527,000 3.0
$316,001 - $422,000 1.2
$211,001 - $316,000 11.6
$105,001 - $211,000 28.6
$53,001 - $105,000 33.4
$0 - $53,000 18.0

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
70.0679276219476 71.6535433070866

Number Of Homes And Apartments:
246

Rent & Ownership

 

Average Market Rent:
$880 / per month

Homeownership Rate

Homeownership
Owners 67.07
Renters 32.93
Vacant 21.41

Housing Market Details

 

Age of Homes

AGE OF Proctorville HOMES
2000 or Newer 3.2
1970 - 1999 45.0
1940 - 1969 25.2
1939 or Older 26.5

Types of Homes

TYPE OF Proctorville HOMES
Single-Family 67.4
Townhomes 1.6
Small Apt. Buildings 18.8
Apt. Complexes 2.9
Mobile Homes 9.3
Other 0.0

Home Size

SIZE OF Proctorville HOMES
No Bedroom 4.47
1 Bedroom 13.74
2 Bedrooms 27.48
3 Bedrooms 41.21
4 Bedrooms 7.99
5 or more bedrooms 5.11

Proctorville 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
39.56% 1.98% 10 5
* 10 is highest

Popular Neighborhoods in Proctorville

Zip Codes in Proctorville, OH