Van Wert, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Van Wert Neighborhoods Since 2000




Van Wert, 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

Van Wert Housing Market Information

With a population of 10,798, 4,378 total housing units (homes and apartments), and a median house value of $90,085, house prices in Van Wert 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 Van Wert, accounting for 75.01% of the city's housing units. Other types of housing that are prevalent in Van Wert include duplexes, homes converted to apartments or other small apartment buildings ( 11.19%), mobile homes or trailers ( 5.99%), and a few large apartment complexes or high rise apartments ( 5.33%).

The most prevalent building size and type in Van Wert are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.65% owning and 39.35% 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. Van Wert's housing was primarily built during this period, from the '40s through the '60s. A full 40.67% of the city's housing hails from this era. Other housing ages represented in Van Wert include homes built before 1939 ( 28.46%) and housing constructed between 1970-1999 ( 25.59%). There's also some housing in Van Wert built between 2000 and later ( 5.29%).

Van Wert Home Appreciation Rates

Real estate appreciation rates in Van Wert's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.55% during the period.

Over the last year, Van Wert appreciation rates have trailed the rest of the nation. In the last twelve months, Van Wert's appreciation rate has been -4.62%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Van Wert were at -0.60%, which equates to an annual appreciation rate of -2.39%.

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

Relative to Ohio, our data show that Van Wert's latest annual appreciation rate is lower than 90% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$90,085

Van Wert, OH HOME PRICES

Value Range
> $1,003,000 0.4
$753,001 - $1,003,000 0.1
$502,001 - $753,000 0.0
$401,001 - $502,000 0.4
$301,001 - $401,000 1.8
$201,001 - $301,000 4.1
$100,001 - $201,000 31.1
$50,001 - $100,000 45.1
$0 - $50,000 17.0

Very Low for OH
Very Low for Nation

Value Relative to Nation Value Relative to State
83.8772998945271 86.1548556430446

Number Of Homes And Apartments:
4,378

Van Wert 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
4.35% 0.25% 4 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$810 / per month

Homeownership Rate

Homeownership
Owners 60.65
Renters 39.35
Vacant 9.58

Housing Market Details

 

Age of Homes

AGE OF Van Wert HOMES
2000 or Newer 5.3
1970 - 1999 25.6
1940 - 1969 40.7
1939 or Older 28.5

Types of Homes

TYPE OF Van Wert HOMES
Single-Family 75.0
Townhomes 2.5
Small Apt. Buildings 11.2
Apt. Complexes 5.3
Mobile Homes 6.0
Other 0.0

Home Size

SIZE OF Van Wert HOMES
No Bedroom 0.23
1 Bedroom 8.65
2 Bedrooms 28.42
3 Bedrooms 46.82
4 Bedrooms 12.97
5 or more bedrooms 2.91