South Point, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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South Point, 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

South Point Housing Market Information

With a population of 3,924, 1,496 total housing units (homes and apartments), and a median house value of $129,610, house prices in South Point are solidly below the national average.

Single-family detached homes are the single most common housing type in South Point, accounting for 73.88% of the village's housing units. Other types of housing that are prevalent in South Point include duplexes, homes converted to apartments or other small apartment buildings ( 15.84%), mobile homes or trailers ( 7.19%), and a few large apartment complexes or high rise apartments ( 2.60%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in South Point. Owner-occupied housing accounts for 68.32% of South Point's homes, and 65.72% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in South Point 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 South Point built between 1940-1969 ( 33.07%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.74%). There's also some housing in South Point built before 1939 ( 2.18%).

South Point Home Appreciation Rates

Appreciation rates for homes in South Point have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.56%, which ranks in the top 50% nationwide. This equates to an annual average South Point house appreciation rate of 0.25%.

Over the last year, South Point appreciation rates have trailed the rest of the nation. In the last twelve months, South Point's appreciation rate has been -4.19%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in South Point were at -1.61%, which equates to an annual appreciation rate of -6.28%.

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

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

Average Home Values

 

Median Home Value:
$129,610

South Point, OH HOME PRICES

Value Range
> $1,001,000 0.1
$751,001 - $1,001,000 0.0
$500,001 - $751,000 0.0
$400,001 - $500,000 0.9
$300,001 - $400,000 3.6
$200,001 - $300,000 12.1
$100,001 - $200,000 52.9
$50,001 - $100,000 21.6
$0 - $50,000 8.8

Average for OH
Low for Nation

Value Relative to Nation Value Relative to State
60.0785186921364 54.0682414698163

Number Of Homes And Apartments:
1,496

South Point 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
32.16% 1.63% 10 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$806 / per month

Homeownership Rate

Homeownership
Owners 68.32
Renters 31.68
Vacant 9.55

Housing Market Details

 

Age of Homes

AGE OF South Point HOMES
2000 or Newer 18.7
1970 - 1999 46.0
1940 - 1969 33.1
1939 or Older 2.2

Types of Homes

TYPE OF South Point HOMES
Single-Family 73.9
Townhomes 0.5
Small Apt. Buildings 15.8
Apt. Complexes 2.6
Mobile Homes 7.2
Other 0.0

Home Size

SIZE OF South Point HOMES
No Bedroom 0.00
1 Bedroom 0.85
2 Bedrooms 31.26
3 Bedrooms 56.29
4 Bedrooms 9.43
5 or more bedrooms 2.18