Wheelersburg, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Wheelersburg, 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

Wheelersburg Housing Market Information

With 6,249 people, 2,515 houses or apartments, and a median cost of homes of $135,558, house prices in Wheelersburg are solidly below the national average.

Single-family detached homes are the single most common housing type in Wheelersburg, accounting for 72.28% of the town's housing units. Other types of housing that are prevalent in Wheelersburg include mobile homes or trailers ( 10.91%), duplexes, homes converted to apartments or other small apartment buildings ( 7.44%), and a few large apartment complexes or high rise apartments ( 7.37%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Wheelersburg. Owner-occupied housing accounts for 67.32% of Wheelersburg's homes, and 65.41% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Wheelersburg 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 Wheelersburg built between 1940-1969 ( 37.12%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.30%). There's also some housing in Wheelersburg built before 1939 ( 5.01%).

Vacant housing appears to be an issue in Wheelersburg. Fully 10.05% of the housing stock is classified as vacant. Left unchecked, vacant Wheelersburg homes and apartments can be a drag on the real estate market, holding Wheelersburg 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.

Wheelersburg Home Appreciation Rates

Appreciation rates for homes in Wheelersburg have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.45%, which ranks in the top 40% nationwide. This equates to an annual average Wheelersburg house appreciation rate of 0.53%.

Over the last year, Wheelersburg appreciation rates have trailed the rest of the nation. In the last twelve months, Wheelersburg's appreciation rate has been -1.12%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wheelersburg were at -0.60%, which equates to an annual appreciation rate of -2.39%.

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

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

Average Home Values

 

Median Home Value:
$135,558

Wheelersburg, OH HOME PRICES

Value Range
> $1,017,000 0.6
$762,001 - $1,017,000 1.2
$508,001 - $762,000 1.1
$407,001 - $508,000 1.6
$305,001 - $407,000 1.8
$203,001 - $305,000 11.7
$101,001 - $203,000 53.4
$51,001 - $101,000 18.2
$0 - $51,000 10.4

Average for OH
Average for Nation

Value Relative to Nation Value Relative to State
56.9201921950076 48.2939632545932

Number Of Homes And Apartments:
2,515

Wheelersburg 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
26.28% 1.36% 9 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$779 / per month

Homeownership Rate

Homeownership
Owners 67.32
Renters 32.68
Vacant 10.05

Housing Market Details

 

Age of Homes

AGE OF Wheelersburg HOMES
2000 or Newer 7.3
1970 - 1999 50.6
1940 - 1969 37.1
1939 or Older 5.0

Types of Homes

TYPE OF Wheelersburg HOMES
Single-Family 72.3
Townhomes 1.7
Small Apt. Buildings 7.4
Apt. Complexes 7.4
Mobile Homes 10.9
Other 0.3

Home Size

SIZE OF Wheelersburg HOMES
No Bedroom 0.82
1 Bedroom 9.30
2 Bedrooms 21.14
3 Bedrooms 50.25
4 Bedrooms 15.16
5 or more bedrooms 3.33

Popular Neighborhoods in Wheelersburg

Zip Codes in Wheelersburg, OH