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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 53,514 people, 19,931 houses or apartments, and a median cost of homes of $410,417, West Chester real estate is some of the most expensive in Ohio, although West Chester home values aren't among America's most expensive.
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 81.35% of West Chester's homes, and 71.37% 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 ( 20.24%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.96%). There's also some housing in West Chester built before 1939 ( 1.46%).
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 96.45%, which ranks in the top 40% nationwide. This equates to an annual average West Chester house appreciation rate of 6.99%.
NeighborhoodScout's data show that during the latest twelve months, West Chester's appreciation rate, at 6.60%, has been at or slightly above the national average. In the latest quarter, West Chester's appreciation rate has been 0.10%, which annualizes to a rate of 0.40%.
Relative to Ohio, our data show that West Chester's latest annual appreciation rate is higher 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 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.
$410,417
for Ohio
for nation
19,931
$2,301 / per month