West Union, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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West Union, 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 Union Housing Market Information

With 3,179 people, 1,317 houses or apartments, and a median cost of homes of $84,233, house prices in West Union 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 Union, accounting for 56.25% of the village's housing units. Other types of housing that are prevalent in West Union include mobile homes or trailers ( 24.14%), large apartment complexes or high rise apartments ( 13.36%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.25%).

The most prevalent building size and type in West Union are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 43.92% owning and 56.08% renting.

There is a lot of housing in West Union built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in West Union built between 1940-1969 ( 33.41%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.41%). There's also some housing in West Union built before 1939 ( 7.69%).

West Union Home Appreciation Rates

West Union's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in West Union during the period has been just -1.22%, which is lower than 70% of US communities.

Over the last year, West Union appreciation rates have trailed the rest of the nation. In the last twelve months, West Union's appreciation rate has been -1.24%, 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 Union were at -0.60%, which equates to an annual appreciation rate of -2.39%.

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

Relative to Ohio, our data show that West Union's latest annual appreciation rate is lower than 80% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$84,233

West Union, OH HOME PRICES

Value Range
> $976,000 0.0
$732,001 - $976,000 0.0
$488,001 - $732,000 5.9
$390,001 - $488,000 0.0
$293,001 - $390,000 2.8
$195,001 - $293,000 6.8
$97,001 - $195,000 24.8
$49,001 - $97,000 42.0
$0 - $49,000 17.7

Very Low for OH
Very Low for Nation

Value Relative to Nation Value Relative to State
87.8589007383101 89.7637795275591

Number Of Homes And Apartments:
1,317

West Union 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
2.14% 0.12% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$646 / per month

Homeownership Rate

Homeownership
Owners 43.92
Renters 56.08
Vacant 5.39

Housing Market Details

 

Age of Homes

AGE OF West Union HOMES
2000 or Newer 8.4
1970 - 1999 50.5
1940 - 1969 33.4
1939 or Older 7.7

Types of Homes

TYPE OF West Union HOMES
Single-Family 56.3
Townhomes 0.0
Small Apt. Buildings 6.3
Apt. Complexes 13.4
Mobile Homes 24.1
Other 0.0

Home Size

SIZE OF West Union HOMES
No Bedroom 0.86
1 Bedroom 19.76
2 Bedrooms 28.45
3 Bedrooms 32.97
4 Bedrooms 17.39
5 or more bedrooms 0.57

Popular Neighborhoods in West Union

Zip Codes in West Union, OH