Steubenville, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Steubenville Neighborhoods Since 2000




Steubenville, 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

Steubenville Housing Market Information

With a population of 18,219, 7,357 total housing units (homes and apartments), and a median house value of $64,376, 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 71.81% of the city's housing units. Other types of housing that are prevalent in Steubenville include duplexes, homes converted to apartments or other small apartment buildings ( 13.49%), large apartment complexes or high rise apartments ( 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 50.19% owning and 49.81% 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 53.05% of the city's housing hails from this era. Other housing ages represented in Steubenville include homes built before 1939 ( 28.46%) and housing constructed between 1970-1999 ( 16.72%). There's also some housing in Steubenville built between 2000 and later ( 1.77%).

Vacant housing appears to be an issue in Steubenville. Fully 20.18% 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

Real estate appreciation rates in Steubenville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.52% during the period.

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 -2.67%, 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 -8.67%, which equates to an annual appreciation rate of -30.41%.

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

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:
$64,376

Steubenville, OH HOME PRICES

Value Range
> $1,022,000 0.0
$766,001 - $1,022,000 0.3
$511,001 - $766,000 0.6
$409,001 - $511,000 0.0
$307,001 - $409,000 1.7
$205,001 - $307,000 4.4
$102,001 - $205,000 23.5
$51,001 - $102,000 43.7
$0 - $51,000 25.9

Very Low for OH
Very Low for Nation

Value Relative to Nation Value Relative to State
96.9764443923591 98.5564304461942

Number Of Homes And Apartments:
7,357

Steubenville 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
15.86% 0.86% 7 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$794 / per month

Homeownership Rate

Homeownership
Owners 50.19
Renters 49.81
Vacant 20.18

Housing Market Details

 

Age of Homes

AGE OF Steubenville HOMES
2000 or Newer 1.8
1970 - 1999 16.7
1940 - 1969 53.1
1939 or Older 28.5

Types of Homes

TYPE OF Steubenville HOMES
Single-Family 71.8
Townhomes 2.0
Small Apt. Buildings 13.5
Apt. Complexes 12.4
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Steubenville HOMES
No Bedroom 1.88
1 Bedroom 13.49
2 Bedrooms 26.38
3 Bedrooms 43.00
4 Bedrooms 12.11
5 or more bedrooms 3.16