Willard, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Willard, 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

Willard Housing Market Information

With a population of 6,063, 2,288 total housing units (homes and apartments), and a median house value of $116,329, house prices in Willard are solidly below the national average.

Single-family detached homes are the single most common housing type in Willard, accounting for 57.20% of the city's housing units. Other types of housing that are prevalent in Willard include duplexes, homes converted to apartments or other small apartment buildings ( 26.69%), large apartment complexes or high rise apartments ( 9.28%), and a few row houses and other attached homes ( 3.85%).

The most prevalent building size and type in Willard are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 46.67% owning and 53.33% renting.

The housing in Willard was primarily built before 1939 ( 35.86%), making the housing stock in Willard some of the oldest overall in America, although there is a range of ages of homes in Willard. The next most important housing age is between 1970-1999 ( 33.20%), followed by between 1940-1969 ( 25.62%). There's also some housing in Willard built between 2000 and later ( 5.32%).

Vacant housing appears to be an issue in Willard. Fully 11.86% of the housing stock is classified as vacant. Left unchecked, vacant Willard homes and apartments can be a drag on the real estate market, holding Willard 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.

Willard Home Appreciation Rates

Real estate appreciation rates in Willard's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.75% during the period.

Appreciation rates are so strong in Willard that despite a nationwide downturn in the housing market, Willard real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Willard appreciation rates continue to be some of the highest in America, at 8.20%, which is higher than appreciation rates in 87.70% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Willard. Willard appreciation rates in the latest quarter were at -0.60%, which equates to an annual appreciation rate of -2.39%.

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

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

Average Home Values

 

Median Home Value:
$116,329

Willard, OH HOME PRICES

Value Range
> $1,049,000 2.8
$787,001 - $1,049,000 0.0
$525,001 - $787,000 0.4
$420,001 - $525,000 0.4
$315,001 - $420,000 0.8
$210,001 - $315,000 5.1
$105,001 - $210,000 30.5
$52,001 - $105,000 48.7
$0 - $52,000 11.3

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
67.5583030587132 67.3228346456693

Number Of Homes And Apartments:
2,288

Willard 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
1.91% 0.11% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$727 / per month

Homeownership Rate

Homeownership
Owners 46.67
Renters 53.33
Vacant 11.86

Housing Market Details

 

Age of Homes

AGE OF Willard HOMES
2000 or Newer 5.3
1970 - 1999 33.2
1940 - 1969 25.6
1939 or Older 35.9

Types of Homes

TYPE OF Willard HOMES
Single-Family 57.2
Townhomes 3.9
Small Apt. Buildings 26.7
Apt. Complexes 9.3
Mobile Homes 3.0
Other 0.0

Home Size

SIZE OF Willard HOMES
No Bedroom 0.31
1 Bedroom 14.52
2 Bedrooms 29.01
3 Bedrooms 39.98
4 Bedrooms 11.98
5 or more bedrooms 4.20

Popular Neighborhoods in Willard

Zip Codes in Willard, OH