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 8,267 people, 3,355 houses or apartments, and a median cost of homes of $111,423, house prices in St. Marys are solidly below the national average.
Single-family detached homes are the single most common housing type in St. Marys, accounting for 76.79% of the city's housing units. Other types of housing that are prevalent in St. Marys include duplexes, homes converted to apartments or other small apartment buildings ( 10.21%), large apartment complexes or high rise apartments ( 7.97%), and a few row houses and other attached homes ( 2.90%).
The most prevalent building size and type in St. Marys are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.58% owning and 39.42% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. St. Marys's housing was primarily built during this period, from the '40s through the '60s. A full 40.93% of the city's housing hails from this era. Other housing ages represented in St. Marys include homes built before 1939 ( 26.97%) and housing constructed between 1970-1999 ( 24.22%). There's also some housing in St. Marys built between 2000 and later ( 7.89%).
Vacant housing appears to be an issue in St. Marys. Fully 10.60% of the housing stock is classified as vacant. Left unchecked, vacant St. Marys homes and apartments can be a drag on the real estate market, holding St. Marys 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.
Appreciation rates for homes in St. Marys have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.50%, which ranks in the top 50% nationwide. This equates to an annual average St. Marys house appreciation rate of 0.05%.
Over the last year, St. Marys appreciation rates have trailed the rest of the nation. In the last twelve months, St. Marys's appreciation rate has been 0.64%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in St. Marys were at -0.60%, which equates to an annual appreciation rate of -2.39%.
Notably, St. Marys's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Ohio, our data show that St. Marys's latest annual appreciation rate is lower than 80% of the other cities and towns in Ohio.
|$792,001 - $1,055,000||0.9|
|$528,001 - $792,000||0.6|
|$422,001 - $528,000||0.9|
|$317,001 - $422,000||3.2|
|$211,001 - $317,000||11.7|
|$105,001 - $211,000||37.5|
|$53,001 - $105,000||34.2|
|$0 - $53,000||10.9|
|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 St. Marys HOMES|
|2000 or Newer||7.9|
|1970 - 1999||24.2|
|1940 - 1969||40.9|
|1939 or Older||27.0|
|TYPE OF St. Marys HOMES|
|Small Apt. Buildings||10.2|
|SIZE OF St. Marys HOMES|
|5 or more bedrooms||3.41|