Tiffin, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Tiffin Neighborhoods Since 2000




Tiffin, OH Real Estate Data


Tiffin Housing Market Information

With 17,687 people, 6,635 houses or apartments, and a median cost of homes of $112,122, 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 68.41% 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 ( 13.02%), large apartment complexes or high rise apartments ( 12.03%), and a few row houses and other attached homes ( 4.03%).

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 52.37% owning and 47.63% renting.

The housing in Tiffin was primarily built before 1939 ( 40.26%), 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 ( 35.49%), followed by between 1970-1999 ( 20.06%). There's also some housing in Tiffin built between 2000 and later ( 4.19%).

Vacant housing appears to be an issue in Tiffin. Fully 12.56% 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 -0.66% during the period.

Over the last year, Tiffin appreciation rates have trailed the rest of the nation. In the last twelve months, Tiffin's appreciation rate has been 3.99%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Tiffin were at 1.15%, which equates to an annual appreciation rate of 4.69%.

Relative to Ohio, our data show that Tiffin's latest annual appreciation rate is lower than 80% 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:
$112,122

Tiffin, OH HOME PRICES

Value Range
> $1,055,000 0.1
$791,001 - $1,055,000 0.0
$527,001 - $791,000 0.4
$422,001 - $527,000 0.6
$317,001 - $422,000 1.9
$211,001 - $317,000 5.1
$105,001 - $211,000 39.0
$53,001 - $105,000 43.0
$0 - $53,000 9.9

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
71.0136440826843 73.490813648294

Number Of Homes And Apartments:
6,635

Rent & Ownership

 

Average Market Rent:
$818 / per month

Homeownership Rate

Homeownership
Owners 52.37
Renters 47.63
Vacant 12.56

Housing Market Details

 

Age of Homes

AGE OF Tiffin HOMES
2000 or Newer 4.2
1970 - 1999 20.1
1940 - 1969 35.5
1939 or Older 40.3

Types of Homes

TYPE OF Tiffin HOMES
Single-Family 68.4
Townhomes 4.0
Small Apt. Buildings 13.0
Apt. Complexes 12.0
Mobile Homes 2.5
Other 0.0

Home Size

SIZE OF Tiffin HOMES
No Bedroom 2.40
1 Bedroom 11.07
2 Bedrooms 29.82
3 Bedrooms 40.31
4 Bedrooms 13.97
5 or more bedrooms 2.42

Tiffin 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
5.11% 0.29% 3 1
* 10 is highest