West Alexandria, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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West Alexandria, 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

West Alexandria Housing Market Information

With 1,341 people, 705 houses or apartments, and a median cost of homes of $139,488, West Alexandria real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in West Alexandria, accounting for 76.67% of the village's housing units. Other types of housing that are prevalent in West Alexandria include duplexes, homes converted to apartments or other small apartment buildings ( 15.07%), row houses and other attached homes ( 4.27%), and a few large apartment complexes or high rise apartments ( 4.00%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in West Alexandria. Owner-occupied housing accounts for 66.52% of West Alexandria's homes, and 61.20% have either three or four bedrooms, which is average sized relative to America.

The housing in West Alexandria was primarily built before 1939 ( 45.73%), making the housing stock in West Alexandria some of the oldest overall in America, although there is a range of ages of homes in West Alexandria. The next most important housing age is between 1940-1969 ( 28.53%), followed by between 1970-1999 ( 23.47%). There's also some housing in West Alexandria built between 2000 and later ( 2.27%).

West Alexandria Home Appreciation Rates

Real estate appreciation rates in West Alexandria's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.51% during the period.

Appreciation rates are so strong in West Alexandria that despite a nationwide downturn in the housing market, West Alexandria real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, West Alexandria appreciation rates continue to be some of the highest in America, at 6.19%, which is higher than appreciation rates in 75.67% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in West Alexandria. West Alexandria appreciation rates in the latest quarter were at -0.60%, which equates to an annual appreciation rate of -2.39%.

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

Relative to Ohio, our data show that West Alexandria's latest annual appreciation rate is higher than 80% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$139,488

West Alexandria, OH HOME PRICES

Value Range
> $1,092,000 0.3
$819,001 - $1,092,000 0.0
$546,001 - $819,000 1.2
$437,001 - $546,000 2.2
$328,001 - $437,000 3.9
$218,001 - $328,000 13.8
$109,001 - $218,000 38.9
$54,001 - $109,000 29.2
$0 - $54,000 10.5

Average for OH
Average for Nation

Value Relative to Nation Value Relative to State
54.9865229110512 45.8005249343832

Number Of Homes And Apartments:
705

West Alexandria 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
10.01% 0.55% 5 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$832 / per month

Homeownership Rate

Homeownership
Owners 66.52
Renters 33.48
Vacant 6.00

Housing Market Details

 

Age of Homes

AGE OF West Alexandria HOMES
2000 or Newer 2.3
1970 - 1999 23.5
1940 - 1969 28.5
1939 or Older 45.7

Types of Homes

TYPE OF West Alexandria HOMES
Single-Family 76.7
Townhomes 4.3
Small Apt. Buildings 15.1
Apt. Complexes 4.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF West Alexandria HOMES
No Bedroom 1.33
1 Bedroom 9.73
2 Bedrooms 25.20
3 Bedrooms 45.33
4 Bedrooms 15.87
5 or more bedrooms 2.53

Popular Neighborhoods in West Alexandria

Zip Codes in West Alexandria, OH