South Point, OH Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

South Point, OH Housing Market Trends

With 3,839 people, 1,494 houses or apartments, and a median cost of homes of $129,367, 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 79.89% 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 ( 13.30%), large apartment complexes or high rise apartments ( 3.18%), and a few mobile homes or trailers ( 2.86%).

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 71.35% of South Point's homes, and 61.30% 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 ( 38.06%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.06%). There's also some housing in South Point built before 1939 ( 2.04%).

South Point Home Appreciation Rates

South Point's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in South Point during the period has been just 1.34%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, South Point's appreciation rate, at 5.81%, has been at or slightly above the national average. In the latest quarter, South Point's appreciation rate has been 3.75%, which annualizes to a rate of 15.85%.

Importantly, this makes South Point one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.

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

 
info

Median Home Value:
$129,367

South Point, OH HOME PRICES

> $1,086,000
0.0%
0.0%
$815,001 - $1,086,000
0.0%
0.0%
$543,001 - $815,000
0.0%
0.0%
$435,001 - $543,000
0.0%
0.0%
$326,001 - $435,000
3.5%
3.5%
$217,001 - $326,000
10.1%
10.1%
$109,001 - $217,000
45.6%
45.6%
$54,001 - $109,000
31.9%
31.9%
$0 - $54,000
8.9%
8.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Low for OH

Value Relative To Nation

Number Of Homes And Apartments:
1,494

South Point Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
38.57% 1.57%
6
2
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$939 / per month

Homeownership Rate

Owners
71.4%
71.4%
Renters
28.6%
28.6%
Vacant
4.9%
4.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
17.1%
17.1%
1970 - 1999
42.8%
42.8%
1940 - 1969
38.1%
38.1%
1939 or Older
2.0%
2.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
79.9%
79.9%
Townhomes
0.8%
0.8%
Small Apt. Buildings
13.3%
13.3%
Apt. Complexes
3.2%
3.2%
Mobile Homes
2.9%
2.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
1.1%
1.1%
2 Bedrooms
29.6%
29.6%
3 Bedrooms
44.3%
44.3%
4 Bedrooms
17.0%
17.0%
5 or more bedrooms
8.0%
8.0%
0.0% 100.0%
% OF HOMES