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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 490 people, 212 houses or apartments, and a median cost of homes of $112,505, house prices in Quaker City are solidly below the national average.
Single-family detached homes are the single most common housing type in Quaker City, accounting for 84.19% of the village's housing units. Other types of housing that are prevalent in Quaker City include large apartment complexes or high rise apartments ( 8.82%), duplexes, homes converted to apartments or other small apartment buildings ( 4.78%), and a few mobile homes or trailers ( 1.47%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Quaker City. Owner-occupied housing accounts for 71.70% of Quaker City's homes, and 75.74% have either three or four bedrooms, which is average sized relative to America.
The housing in Quaker City was primarily built before 1939 ( 64.71%), making the housing stock in Quaker City some of the oldest overall in America, although there is a range of ages of homes in Quaker City. The next most important housing age is between 1970-1999 ( 19.49%), followed by between 1940-1969 ( 15.07%).
Vacant housing appears to be an issue in Quaker City. Fully 22.06% of the housing stock is classified as vacant. Left unchecked, vacant Quaker City homes and apartments can be a drag on the real estate market, holding Quaker City 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.
In the last 10 years, Quaker City has experienced some of the highest home appreciation rates of any community in the nation. Quaker City real estate appreciated 17.05% over the last ten years, which is an average annual home appreciation rate of 1.59%, putting Quaker City in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Quaker City definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Quaker City appreciation rates have trailed the rest of the nation. In the last twelve months, Quaker City's appreciation rate has been 3.01%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Quaker City were at -0.60%, which equates to an annual appreciation rate of -2.39%.
Notably, Quaker City's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Ohio, our data show that Quaker City's latest annual appreciation rate is higher than 50% of the other cities and towns in Ohio.
|$830,001 - $1,107,000||0.0|
|$554,001 - $830,000||0.0|
|$443,001 - $554,000||0.0|
|$332,001 - $443,000||3.4|
|$222,001 - $332,000||12.1|
|$111,001 - $222,000||29.3|
|$55,001 - $111,000||32.3|
|$0 - $55,000||22.4|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Quaker City HOMES|
|2000 or Newer||0.7|
|1970 - 1999||19.5|
|1940 - 1969||15.1|
|1939 or Older||64.7|
|TYPE OF Quaker City HOMES|
|Small Apt. Buildings||4.8|
|SIZE OF Quaker City HOMES|
|5 or more bedrooms||0.74|