Steubenville, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Steubenville, OH Real Estate Data


Steubenville Housing Market Information

With a population of 18,219, 7,441 total housing units (homes and apartments), and a median house value of $90,561, house prices in Steubenville are some of the most affordable in Ohio as well as the nation.

Single-family detached homes are the single most common housing type in Steubenville, accounting for 71.80% of the city's housing units. Other types of housing that are prevalent in Steubenville include large apartment complexes or high rise apartments ( 13.41%), duplexes, homes converted to apartments or other small apartment buildings ( 12.40%), and a few row houses and other attached homes ( 1.99%).

The most prevalent building size and type in Steubenville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 49.46% owning and 50.54% 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. Steubenville's housing was primarily built during this period, from the '40s through the '60s. A full 51.14% of the city's housing hails from this era. Other housing ages represented in Steubenville include homes built before 1939 ( 28.31%) and housing constructed between 1970-1999 ( 18.87%). There's also some housing in Steubenville built between 2000 and later ( 1.68%).

Vacant housing appears to be an issue in Steubenville. Fully 19.63% of the housing stock is classified as vacant. Left unchecked, vacant Steubenville homes and apartments can be a drag on the real estate market, holding Steubenville 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.

Steubenville Home Appreciation Rates

Appreciation rates for homes in Steubenville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.05%, which ranks in the top 50% nationwide. This equates to an annual average Steubenville house appreciation rate of 0.40%.

Over the last year, Steubenville appreciation rates have trailed the rest of the nation. In the last twelve months, Steubenville's appreciation rate has been 0.08%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Steubenville were at 2.09%, which equates to an annual appreciation rate of 8.63%.

Relative to Ohio, our data show that Steubenville's latest annual appreciation rate is lower than 90% 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 Steubenville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Steubenville - 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 Steubenville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$90,561

Steubenville, OH HOME PRICES

Value Range
> $1,103,000 0.0
$827,001 - $1,103,000 0.4
$552,001 - $827,000 0.5
$441,001 - $552,000 0.4
$331,001 - $441,000 1.6
$220,001 - $331,000 5.6
$110,001 - $220,000 23.6
$55,001 - $110,000 42.6
$0 - $55,000 25.3

Very Low for OH
Very Low for Nation

Value Relative to Nation Value Relative to State
85.0149323651695 89.6325459317585

Number Of Homes And Apartments:
7,441

Rent & Ownership

 

Average Market Rent:
$875 / per month

Homeownership Rate

Homeownership
Owners 49.46
Renters 50.54
Vacant 19.63

Housing Market Details

 

Age of Homes

AGE OF Steubenville HOMES
2000 or Newer 1.7
1970 - 1999 18.9
1940 - 1969 51.1
1939 or Older 28.3

Types of Homes

TYPE OF Steubenville HOMES
Single-Family 71.8
Townhomes 2.0
Small Apt. Buildings 12.4
Apt. Complexes 13.4
Mobile Homes 0.3
Other 0.1

Home Size

SIZE OF Steubenville HOMES
No Bedroom 2.11
1 Bedroom 14.98
2 Bedrooms 23.93
3 Bedrooms 43.49
4 Bedrooms 12.29
5 or more bedrooms 3.20

Steubenville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
26.54% 1.39% 8 3
* 10 is highest