West Chester, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating West Chester Neighborhoods Since 2000




West Chester, 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 Chester Housing Market Information

With a population of 52,315, 1,797 total housing units (homes and apartments), and a median house value of $70,135, house prices in West Chester are some of the most affordable in Ohio as well as the nation.

West Chester is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in West Chester than is found in 98% of the communities in America.

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 Chester. Owner-occupied housing accounts for 80.71% of West Chester's homes, and 71.35% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in West Chester 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 West Chester built between 2000 and later ( 17.94%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.77%). There's also some housing in West Chester built before 1939 ( 1.30%).

West Chester Home Appreciation Rates

Appreciation rates for homes in West Chester have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.41%, which ranks in the top 30% nationwide. This equates to an annual average West Chester house appreciation rate of 1.09%.

NeighborhoodScout's data show that during the latest twelve months, West Chester's appreciation rate, at 4.06%, has been at or slightly above the national average. In the latest quarter, West Chester's appreciation rate has been 1.10%, which annualizes to a rate of 4.47%.

Relative to Ohio, our data show that West Chester'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 town. Individual neighborhoods within West Chester differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in West Chester - 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 West Chester real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$70,135

West Chester, OH HOME PRICES

Value Range
> $1,058,000 0.1
$794,001 - $1,058,000 0.0
$529,001 - $794,000 1.1
$424,001 - $529,000 0.1
$317,001 - $424,000 0.3
$211,001 - $317,000 3.6
$106,001 - $211,000 18.6
$53,001 - $106,000 38.8
$0 - $53,000 37.4

Very Low for OH
Very Low for Nation

Value Relative to Nation Value Relative to State
95.1863354037267 97.244094488189

Number Of Homes And Apartments:
1,797

West Chester 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
35.35% 1.77% 10 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$734 / per month

Homeownership Rate

Homeownership
Owners 80.71
Renters 19.29
Vacant 3.16

Housing Market Details

 

Age of Homes

AGE OF West Chester HOMES
2000 or Newer 17.9
1970 - 1999 70.0
1940 - 1969 10.8
1939 or Older 1.3

Types of Homes

TYPE OF West Chester HOMES
Single-Family 76.3
Townhomes 4.0
Small Apt. Buildings 2.2
Apt. Complexes 16.5
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF West Chester HOMES
No Bedroom 0.11
1 Bedroom 4.04
2 Bedrooms 17.31
3 Bedrooms 26.38
4 Bedrooms 44.97
5 or more bedrooms 7.18