West Jefferson, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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West Jefferson, 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 Jefferson Housing Market Information

With a population of 4,279, 1,630 total housing units (homes and apartments), and a median house value of $166,462, West Jefferson 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 Jefferson, accounting for 83.79% of the village's housing units. Other types of housing that are prevalent in West Jefferson include duplexes, homes converted to apartments or other small apartment buildings ( 9.54%), large apartment complexes or high rise apartments ( 5.13%), and a few row houses and other attached homes ( 1.55%).

The most prevalent building size and type in West Jefferson are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 64.96% owning and 35.04% 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. West Jefferson's housing was primarily built during this period, from the '40s through the '60s. A full 47.91% of the village's housing hails from this era. Other housing ages represented in West Jefferson include homes built between 1970-1999 ( 33.37%) and housing constructed before 1939 ( 13.89%). There's also some housing in West Jefferson built between 2000 and later ( 4.83%).

West Jefferson Home Appreciation Rates

Real estate appreciation rates in West Jefferson's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.32% during the period.

Over the last year, West Jefferson appreciation rates have trailed the rest of the nation. In the last twelve months, West Jefferson's appreciation rate has been 2.21%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in West Jefferson were at 0.34%, which equates to an annual appreciation rate of 1.37%.

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

Average Home Values

 

Median Home Value:
$166,462

West Jefferson, OH HOME PRICES

Value Range
> $1,097,000 0.8
$822,001 - $1,097,000 0.2
$548,001 - $822,000 2.4
$439,001 - $548,000 1.7
$329,001 - $439,000 5.1
$219,001 - $329,000 14.5
$109,001 - $219,000 50.2
$55,001 - $109,000 17.7
$0 - $55,000 7.4

High for OH
Average for Nation

Value Relative to Nation Value Relative to State
43.0446501816477 27.8215223097113

Number Of Homes And Apartments:
1,630

West Jefferson 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
15.08% 0.82% 7 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$893 / per month

Homeownership Rate

Homeownership
Owners 64.96
Renters 35.04
Vacant 2.86

Housing Market Details

 

Age of Homes

AGE OF West Jefferson HOMES
2000 or Newer 4.8
1970 - 1999 33.4
1940 - 1969 47.9
1939 or Older 13.9

Types of Homes

TYPE OF West Jefferson HOMES
Single-Family 83.8
Townhomes 1.5
Small Apt. Buildings 9.5
Apt. Complexes 5.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF West Jefferson HOMES
No Bedroom 0.72
1 Bedroom 5.01
2 Bedrooms 27.35
3 Bedrooms 50.48
4 Bedrooms 12.87
5 or more bedrooms 3.58

Popular Neighborhoods in West Jefferson

Zip Codes in West Jefferson, OH