West Portsmouth, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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West Portsmouth, OH Real Estate Data


West Portsmouth Housing Market Information

With 3,041 people, 1,168 houses or apartments, and a median cost of homes of $59,251, house prices in West Portsmouth are some of the most affordable in Ohio as well as the nation.

Single-family detached homes are the single most common housing type in West Portsmouth, accounting for 81.52% of the town's housing units. Other types of housing that are prevalent in West Portsmouth include mobile homes or trailers ( 16.35%), duplexes, homes converted to apartments or other small apartment buildings ( 1.67%).

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 Portsmouth. Owner-occupied housing accounts for 76.46% of West Portsmouth's homes, and 55.97% 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 Portsmouth's housing was primarily built during this period, from the '40s through the '60s. A full 37.41% of the town's housing hails from this era. Other housing ages represented in West Portsmouth include homes built between 1970-1999 ( 30.65%) and housing constructed before 1939 ( 24.18%). There's also some housing in West Portsmouth built between 2000 and later ( 7.76%).

Vacant housing appears to be an issue in West Portsmouth. Fully 11.18% of the housing stock is classified as vacant. Left unchecked, vacant West Portsmouth homes and apartments can be a drag on the real estate market, holding West Portsmouth real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

West Portsmouth Home Appreciation Rates

Real estate appreciation rates in West Portsmouth'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 Portsmouth appreciation rates have trailed the rest of the nation. In the last twelve months, West Portsmouth's appreciation rate has been -1.67%, 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 Portsmouth were at -2.92%, which equates to an annual appreciation rate of -11.20%.

Notably, West Portsmouth's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$59,251

West Portsmouth, OH HOME PRICES

Value Range
> $925,000 0.0
$694,001 - $925,000 0.0
$463,001 - $694,000 0.0
$370,001 - $463,000 0.4
$277,001 - $370,000 0.0
$185,001 - $277,000 0.7
$92,001 - $185,000 14.3
$46,001 - $92,000 53.1
$0 - $46,000 31.5

Very Low for OH
Very Low for Nation

Value Relative to Nation Value Relative to State
98.160084378296 99.6062992125984

Number Of Homes And Apartments:
1,168

Rent & Ownership

 

Average Market Rent:
$679 / per month

Homeownership Rate

Homeownership
Owners 76.46
Renters 23.54
Vacant 11.18

Housing Market Details

 

Age of Homes

AGE OF West Portsmouth HOMES
2000 or Newer 7.8
1970 - 1999 30.6
1940 - 1969 37.4
1939 or Older 24.2

Types of Homes

TYPE OF West Portsmouth HOMES
Single-Family 81.5
Townhomes 0.5
Small Apt. Buildings 1.7
Apt. Complexes 0.0
Mobile Homes 16.3
Other 0.0

Home Size

SIZE OF West Portsmouth HOMES
No Bedroom 0.00
1 Bedroom 0.46
2 Bedrooms 42.74
3 Bedrooms 42.74
4 Bedrooms 13.23
5 or more bedrooms 0.84

West Portsmouth Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
2.95% 0.17% 3 1
* 10 is highest

Popular Neighborhoods in West Portsmouth

Zip Codes in West Portsmouth, OH