Vandalia, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Vandalia, OH Real Estate Data


Vandalia Housing Market Information

With 15,106 people, 6,294 houses or apartments, and a median cost of homes of $135,162, house prices in Vandalia are solidly below the national average.

Single-family detached homes are the single most common housing type in Vandalia, accounting for 63.52% of the city's housing units. Other types of housing that are prevalent in Vandalia include large apartment complexes or high rise apartments ( 15.80%), duplexes, homes converted to apartments or other small apartment buildings ( 15.19%), and a few row houses and other attached homes ( 5.48%).

The most prevalent building size and type in Vandalia are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.92% owning and 38.08% renting.

There is a lot of housing in Vandalia 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 Vandalia built between 1940-1969 ( 43.98%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.87%). There's also some housing in Vandalia built before 1939 ( 1.30%).

Vandalia Home Appreciation Rates

Vandalia's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Vandalia during the period has been just -0.94%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Vandalia's appreciation rate, at 4.85%, has been at or slightly above the national average. In the latest quarter, Vandalia's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

Relative to Ohio, our data show that Vandalia's latest annual appreciation rate is higher than 60% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$135,162

Vandalia, OH HOME PRICES

Value Range
> $1,066,000 0.0
$800,001 - $1,066,000 0.1
$534,001 - $800,000 0.3
$427,001 - $534,000 0.6
$320,001 - $427,000 2.3
$214,001 - $320,000 18.0
$107,001 - $214,000 54.0
$53,001 - $107,000 21.9
$0 - $53,000 2.7

Average for OH
Average for Nation

Value Relative to Nation Value Relative to State
56.9612094222431 49.2125984251969

Number Of Homes And Apartments:
6,294

Rent & Ownership

 

Average Market Rent:
$785 / per month

Homeownership Rate

Homeownership
Owners 61.92
Renters 38.08
Vacant 6.70

Housing Market Details

 

Age of Homes

AGE OF Vandalia HOMES
2000 or Newer 9.9
1970 - 1999 44.8
1940 - 1969 44.0
1939 or Older 1.3

Types of Homes

TYPE OF Vandalia HOMES
Single-Family 63.5
Townhomes 5.5
Small Apt. Buildings 15.2
Apt. Complexes 15.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Vandalia HOMES
No Bedroom 0.55
1 Bedroom 10.75
2 Bedrooms 27.54
3 Bedrooms 40.56
4 Bedrooms 17.31
5 or more bedrooms 3.29

Vandalia Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
-1.00% -0.06% 2 1
* 10 is highest