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 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.
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.
|$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|
|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 Tiffin HOMES|
|2000 or Newer||4.5|
|1970 - 1999||20.9|
|1940 - 1969||33.9|
|1939 or Older||40.7|
|TYPE OF Tiffin HOMES|
|Small Apt. Buildings||14.0|
|SIZE OF Tiffin HOMES|
|5 or more bedrooms||2.42|