Springboro, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Springboro Neighborhoods Since 2000




Springboro, 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

Springboro Housing Market Information

With 18,213 people, 5,971 houses or apartments, and a median cost of homes of $292,535, Springboro real estate is some of the most expensive in Ohio, although Springboro home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Springboro, accounting for 86.80% of the city's housing units. Other types of housing that are prevalent in Springboro include row houses and other attached homes ( 4.78%), duplexes, homes converted to apartments or other small apartment buildings ( 4.34%), and a few large apartment complexes or high rise apartments ( 4.08%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Springboro. Owner-occupied housing accounts for 83.39% of Springboro's homes, and 78.44% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Springboro 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 Springboro built between 2000 and later ( 27.68%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.05%). There's also some housing in Springboro built before 1939 ( 1.97%).

Springboro Home Appreciation Rates

Real estate appreciation rates in Springboro's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.19% during the period.

Over the last year, Springboro appreciation rates have trailed the rest of the nation. In the last twelve months, Springboro's appreciation rate has been 2.37%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Springboro were at 0.38%, which equates to an annual appreciation rate of 1.54%.

Relative to Ohio, our data show that Springboro's latest annual appreciation rate is lower than 50% of the other cities and towns in Ohio.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Springboro differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Springboro - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Springboro real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$292,535

Springboro, OH HOME PRICES

Value Range
> $1,084,000 0.3
$813,001 - $1,084,000 0.2
$542,001 - $813,000 2.1
$434,001 - $542,000 4.3
$325,001 - $434,000 14.3
$217,001 - $325,000 28.8
$108,001 - $217,000 42.8
$54,001 - $108,000 4.7
$0 - $54,000 2.6

Very High for OH
Very High for Nation

Value Relative to Nation Value Relative to State
16.9635532637994 5.38057742782152

Number Of Homes And Apartments:
5,971

Springboro 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
10.83% 0.60% 6 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,354 / per month

Homeownership Rate

Homeownership
Owners 83.39
Renters 16.61
Vacant 4.48

Housing Market Details

 

Age of Homes

AGE OF Springboro HOMES
2000 or Newer 27.7
1970 - 1999 59.3
1940 - 1969 11.1
1939 or Older 2.0

Types of Homes

TYPE OF Springboro HOMES
Single-Family 86.8
Townhomes 4.8
Small Apt. Buildings 4.3
Apt. Complexes 4.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Springboro HOMES
No Bedroom 0.32
1 Bedroom 1.18
2 Bedrooms 12.70
3 Bedrooms 40.49
4 Bedrooms 37.95
5 or more bedrooms 7.36