Willard, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Willard, OH Real Estate Data


Willard Housing Market Information

With 6,063 people, 2,188 houses or apartments, and a median cost of homes of $104,831, 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 59.90% 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 ( 25.18%), large apartment complexes or high rise apartments ( 9.98%), and a few row houses and other attached homes ( 2.87%).

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 50.07% owning and 49.93% renting.

There is a lot of housing in Willard 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 Willard built before 1939 ( 33.43%). A lesser amount of the housing stock also hails from between 1940-1969 ( 26.27%). There's also some housing in Willard built between 2000 and later ( 4.73%).

Vacant housing appears to be an issue in Willard. Fully 11.56% 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

Willard's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Willard during the period has been just -0.84%, which is lower than 70% of US communities.

Over the last year, Willard appreciation rates have trailed the rest of the nation. In the last twelve months, Willard's appreciation rate has been 2.01%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Willard were at 1.15%, which equates to an annual appreciation rate of 4.69%.

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

Average Home Values

 

Median Home Value:
$104,831

Willard, OH HOME PRICES

Value Range
> $981,000 2.4
$736,001 - $981,000 0.0
$491,001 - $736,000 0.9
$392,001 - $491,000 0.4
$295,001 - $392,000 0.8
$197,001 - $295,000 6.7
$98,001 - $197,000 30.0
$49,001 - $98,000 43.8
$0 - $49,000 15.0

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
75.7568659600632 79.3963254593176

Number Of Homes And Apartments:
2,188

Rent & Ownership

 

Average Market Rent:
$759 / per month

Homeownership Rate

Homeownership
Owners 50.07
Renters 49.93
Vacant 11.56

Housing Market Details

 

Age of Homes

AGE OF Willard HOMES
2000 or Newer 4.7
1970 - 1999 35.6
1940 - 1969 26.3
1939 or Older 33.4

Types of Homes

TYPE OF Willard HOMES
Single-Family 59.9
Townhomes 2.9
Small Apt. Buildings 25.2
Apt. Complexes 10.0
Mobile Homes 2.1
Other 0.0

Home Size

SIZE OF Willard HOMES
No Bedroom 0.00
1 Bedroom 13.22
2 Bedrooms 31.53
3 Bedrooms 40.34
4 Bedrooms 11.20
5 or more bedrooms 3.72

Willard Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
-2.51% -0.15% 2 1
* 10 is highest

Popular Neighborhoods in Willard

Zip Codes in Willard, OH