Sunbury, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Sunbury Neighborhoods Since 2000




Sunbury, OH Real Estate Data


Sunbury Housing Market Information

With a population of 5,097, 1,796 total housing units (homes and apartments), and a median house value of $252,899, Sunbury real estate is some of the most expensive in Ohio, although Sunbury home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Sunbury, accounting for 77.38% of the village's housing units. Other types of housing that are prevalent in Sunbury include large apartment complexes or high rise apartments ( 11.63%), row houses and other attached homes ( 5.81%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.18%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sunbury. Owner-occupied housing accounts for 73.52% of Sunbury's homes, and 70.40% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Sunbury 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 Sunbury built between 2000 and later ( 30.13%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.39%). There's also some housing in Sunbury built before 1939 ( 12.84%).

Sunbury Home Appreciation Rates

Appreciation rates for homes in Sunbury have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.79%, which ranks in the top 50% nationwide. This equates to an annual average Sunbury house appreciation rate of 0.37%.

Appreciation rates are so strong in Sunbury that despite a nationwide downturn in the housing market, Sunbury real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sunbury appreciation rates continue to be some of the highest in America, at 6.64%, which is higher than appreciation rates in 81.46% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sunbury. Sunbury appreciation rates in the latest quarter were at 2.81%, which equates to an annual appreciation rate of 11.73%.

Importantly, this makes Sunbury 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 Sunbury's latest annual appreciation rate is higher than 90% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$252,899

Sunbury, OH HOME PRICES

Value Range
> $1,181,000 0.3
$885,001 - $1,181,000 2.6
$591,001 - $885,000 2.2
$473,001 - $591,000 6.0
$354,001 - $473,000 14.1
$236,001 - $354,000 29.3
$118,001 - $236,000 35.7
$59,001 - $118,000 8.5
$0 - $59,000 1.4

Very High for OH
High for Nation

Value Relative to Nation Value Relative to State
22.6737717397669 8.3989501312336

Number Of Homes And Apartments:
1,796

Rent & Ownership

 

Average Market Rent:
$1,130 / per month

Homeownership Rate

Homeownership
Owners 73.52
Renters 26.48
Vacant 5.07

Housing Market Details

 

Age of Homes

AGE OF Sunbury HOMES
2000 or Newer 30.1
1970 - 1999 38.6
1940 - 1969 18.4
1939 or Older 12.8

Types of Homes

TYPE OF Sunbury HOMES
Single-Family 77.4
Townhomes 5.8
Small Apt. Buildings 5.2
Apt. Complexes 11.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Sunbury HOMES
No Bedroom 1.37
1 Bedroom 6.92
2 Bedrooms 20.19
3 Bedrooms 55.23
4 Bedrooms 15.17
5 or more bedrooms 1.11

Sunbury 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
28.67% 1.49% 9 3
* 10 is highest