Tiffin, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Tiffin Neighborhoods Since 2000




Tiffin, 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

Tiffin Housing Market Information

With 17,687 people, 6,593 houses or apartments, and a median cost of homes of $103,809, house prices in Tiffin are solidly below the national average.

Single-family detached homes are the single most common housing type in Tiffin, accounting for 67.72% of the city's housing units. Other types of housing that are prevalent in Tiffin include duplexes, homes converted to apartments or other small apartment buildings ( 13.97%), large apartment complexes or high rise apartments ( 11.71%), and a few row houses and other attached homes ( 4.27%).

The most prevalent building size and type in Tiffin are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.36% owning and 47.64% renting.

The housing in Tiffin was primarily built before 1939 ( 40.70%), making the housing stock in Tiffin some of the oldest overall in America, although there is a range of ages of homes in Tiffin. The next most important housing age is between 1940-1969 ( 33.93%), followed by between 1970-1999 ( 20.90%). There's also some housing in Tiffin built between 2000 and later ( 4.47%).

Vacant housing appears to be an issue in Tiffin. Fully 10.94% of the housing stock is classified as vacant. Left unchecked, vacant Tiffin homes and apartments can be a drag on the real estate market, holding Tiffin 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.

Tiffin Home Appreciation Rates

Real estate appreciation rates in Tiffin's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.60% during the period.

NeighborhoodScout's data show that during the latest twelve months, Tiffin's appreciation rate, at 4.07%, has been at or slightly above the national average. In the latest quarter, Tiffin's appreciation rate has been -0.60%, which annualizes to a rate of -2.39%.

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

Relative to Ohio, our data show that Tiffin's latest annual appreciation rate is higher than 60% 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 Tiffin differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Tiffin - 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 Tiffin real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$103,809

Tiffin, OH HOME PRICES

Value Range
> $1,065,000 0.1
$798,001 - $1,065,000 0.0
$532,001 - $798,000 0.4
$426,001 - $532,000 0.6
$320,001 - $426,000 1.9
$213,001 - $320,000 5.0
$107,001 - $213,000 37.9
$53,001 - $107,000 44.1
$0 - $53,000 10.0

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
75.1728583147779 75.5905511811024

Number Of Homes And Apartments:
6,593

Tiffin 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
4.85% 0.27% 4 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$838 / per month

Homeownership Rate

Homeownership
Owners 52.36
Renters 47.64
Vacant 10.94

Housing Market Details

 

Age of Homes

AGE OF Tiffin HOMES
2000 or Newer 4.5
1970 - 1999 20.9
1940 - 1969 33.9
1939 or Older 40.7

Types of Homes

TYPE OF Tiffin HOMES
Single-Family 67.7
Townhomes 4.3
Small Apt. Buildings 14.0
Apt. Complexes 11.7
Mobile Homes 2.3
Other 0.0

Home Size

SIZE OF Tiffin HOMES
No Bedroom 2.15
1 Bedroom 12.08
2 Bedrooms 28.89
3 Bedrooms 41.65
4 Bedrooms 12.82
5 or more bedrooms 2.42