West Milton, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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West Milton, OH Real Estate Data


West Milton Housing Market Information

With 4,714 people, 2,087 houses or apartments, and a median cost of homes of $106,063, house prices in West Milton are solidly below the national average.

Single-family detached homes are the single most common housing type in West Milton, accounting for 77.58% of the village's housing units. Other types of housing that are prevalent in West Milton include duplexes, homes converted to apartments or other small apartment buildings ( 11.12%), large apartment complexes or high rise apartments ( 4.91%), and a few row houses and other attached homes ( 4.31%).

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 Milton. Owner-occupied housing accounts for 65.45% of West Milton's homes, and 60.40% have either three or four bedrooms, which is average sized relative to America.

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 Milton's housing was primarily built during this period, from the '40s through the '60s. A full 39.42% of the village's housing hails from this era. Other housing ages represented in West Milton include homes built between 1970-1999 ( 35.25%) and housing constructed before 1939 ( 19.92%). There's also some housing in West Milton built between 2000 and later ( 5.42%).

West Milton Home Appreciation Rates

West Milton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in West Milton during the period has been just -1.32%, which is lower than 80% of US communities.

Over the last year, West Milton appreciation rates have trailed the rest of the nation. In the last twelve months, West Milton's appreciation rate has been 2.64%, 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 Milton were at 1.35%, which equates to an annual appreciation rate of 5.50%.

Relative to Ohio, our data show that West Milton's latest annual appreciation rate is lower than 90% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$106,063

West Milton, OH HOME PRICES

Value Range
> $1,043,000 0.0
$782,001 - $1,043,000 1.5
$522,001 - $782,000 0.0
$417,001 - $522,000 0.0
$313,001 - $417,000 2.0
$209,001 - $313,000 5.8
$105,001 - $209,000 41.4
$52,001 - $105,000 42.4
$0 - $52,000 6.8

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
74.9429056625871 77.9527559055118

Number Of Homes And Apartments:
2,087

Rent & Ownership

 

Average Market Rent:
$816 / per month

Homeownership Rate

Homeownership
Owners 65.45
Renters 34.55
Vacant 3.33

Housing Market Details

 

Age of Homes

AGE OF West Milton HOMES
2000 or Newer 5.4
1970 - 1999 35.2
1940 - 1969 39.4
1939 or Older 19.9

Types of Homes

TYPE OF West Milton HOMES
Single-Family 77.6
Townhomes 4.3
Small Apt. Buildings 11.1
Apt. Complexes 4.9
Mobile Homes 2.1
Other 0.0

Home Size

SIZE OF West Milton HOMES
No Bedroom 0.00
1 Bedroom 7.87
2 Bedrooms 29.87
3 Bedrooms 49.65
4 Bedrooms 10.75
5 or more bedrooms 1.85

West Milton 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
-2.41% -0.14% 2 1
* 10 is highest