West Milton, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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West Milton, 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 Milton Housing Market Information

With a population of 4,714, 1,991 total housing units (homes and apartments), and a median house value of $115,215, 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 75.41% 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 ( 13.98%), mobile homes or trailers ( 3.93%), and a few large apartment complexes or high rise apartments ( 3.93%).

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 67.96% of West Milton's homes, and 58.95% 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 41.05% of the village's housing hails from this era. Other housing ages represented in West Milton include homes built between 1970-1999 ( 34.41%) and housing constructed before 1939 ( 20.10%). There's also some housing in West Milton built between 2000 and later ( 4.44%).

West Milton Home Appreciation Rates

Real estate appreciation rates in West Milton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.72% during the period.

Appreciation rates are so strong in West Milton that despite a nationwide downturn in the housing market, West Milton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, West Milton appreciation rates continue to be some of the highest in America, at 6.63%, which is higher than appreciation rates in 78.82% 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 Milton. West Milton appreciation rates in the latest quarter were at -0.27%, which equates to an annual appreciation rate of -1.08%.

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

Average Home Values

 

Median Home Value:
$115,215

West Milton, OH HOME PRICES

Value Range
> $1,083,000 0.0
$812,001 - $1,083,000 0.0
$541,001 - $812,000 0.0
$433,001 - $541,000 0.0
$325,001 - $433,000 3.2
$216,001 - $325,000 8.8
$108,001 - $216,000 44.0
$54,001 - $108,000 36.9
$0 - $54,000 7.1

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
68.1530528536271 67.8477690288714

Number Of Homes And Apartments:
1,991

West Milton 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
3.34% 0.19% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$977 / per month

Homeownership Rate

Homeownership
Owners 67.96
Renters 32.04
Vacant 6.92

Housing Market Details

 

Age of Homes

AGE OF West Milton HOMES
2000 or Newer 4.4
1970 - 1999 34.4
1940 - 1969 41.0
1939 or Older 20.1

Types of Homes

TYPE OF West Milton HOMES
Single-Family 75.4
Townhomes 2.8
Small Apt. Buildings 14.0
Apt. Complexes 3.9
Mobile Homes 3.9
Other 0.0

Home Size

SIZE OF West Milton HOMES
No Bedroom 0.00
1 Bedroom 8.09
2 Bedrooms 31.42
3 Bedrooms 45.21
4 Bedrooms 13.74
5 or more bedrooms 1.54

Popular Neighborhoods in West Milton

Zip Codes in West Milton, OH