West Jefferson, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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West Jefferson, OH Real Estate Data


West Jefferson Housing Market Information

With 4,279 people, 1,602 houses or apartments, and a median cost of homes of $173,754, 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 79.91% 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 ( 12.16%), large apartment complexes or high rise apartments ( 5.71%), and a few row houses and other attached homes ( 2.21%).

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 63.08% owning and 36.92% 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 44.78% of the village's housing hails from this era. Other housing ages represented in West Jefferson include homes built between 1970-1999 ( 36.98%) and housing constructed before 1939 ( 14.50%). There's also some housing in West Jefferson built between 2000 and later ( 3.75%).

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 -0.26% during the period.

Appreciation rates are so strong in West Jefferson that despite a nationwide downturn in the housing market, West Jefferson real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, West Jefferson appreciation rates continue to be some of the highest in America, at 5.71%, which is higher than appreciation rates in 70.17% 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 Jefferson. West Jefferson appreciation rates in the latest quarter were at 2.81%, which equates to an annual appreciation rate of 11.73%.

Importantly, this makes West Jefferson one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.

Relative to Ohio, our data show that West Jefferson's latest annual appreciation rate is higher than 70% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$173,754

West Jefferson, OH HOME PRICES

Value Range
> $1,159,000 1.4
$869,001 - $1,159,000 0.0
$580,001 - $869,000 2.0
$464,001 - $580,000 2.0
$348,001 - $464,000 4.0
$232,001 - $348,000 13.6
$116,001 - $232,000 52.0
$58,001 - $116,000 17.0
$0 - $58,000 8.0

High for OH
Average for Nation

Value Relative to Nation Value Relative to State
41.4007144111963 26.1154855643045

Number Of Homes And Apartments:
1,602

Rent & Ownership

 

Average Market Rent:
$799 / per month

Homeownership Rate

Homeownership
Owners 63.08
Renters 36.92
Vacant 1.60

Housing Market Details

 

Age of Homes

AGE OF West Jefferson HOMES
2000 or Newer 3.7
1970 - 1999 37.0
1940 - 1969 44.8
1939 or Older 14.5

Types of Homes

TYPE OF West Jefferson HOMES
Single-Family 79.9
Townhomes 2.2
Small Apt. Buildings 12.2
Apt. Complexes 5.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF West Jefferson HOMES
No Bedroom 0.74
1 Bedroom 5.65
2 Bedrooms 28.50
3 Bedrooms 48.59
4 Bedrooms 12.53
5 or more bedrooms 3.99

West Jefferson Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
20.03% 1.08% 7 2
* 10 is highest

Popular Neighborhoods in West Jefferson

Zip Codes in West Jefferson, OH