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Xenia, OH Real Estate Market

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 Q2 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Xenia, OH Housing Market Trends

With 25,441 people, 11,188 houses or apartments, and a median cost of homes of $202,931, house prices in Xenia are solidly below the national average.

Single-family detached homes are the single most common housing type in Xenia, accounting for 74.89% of the city's housing units. Other types of housing that are prevalent in Xenia include large apartment complexes or high rise apartments ( 15.33%), duplexes, homes converted to apartments or other small apartment buildings ( 5.73%), and a few row houses and other attached homes ( 3.34%).

The most prevalent building size and type in Xenia are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.89% owning and 46.11% renting.

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. Xenia's housing was primarily built during this period, from the '40s through the '60s. A full 36.10% of the city's housing hails from this era. Other housing ages represented in Xenia include homes built between 1970-1999 ( 31.07%) and housing constructed before 1939 ( 17.88%). There's also some housing in Xenia built between 2000 and later ( 14.95%).

Xenia Home Appreciation Rates

Appreciation rates for homes in Xenia have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 78.67%, which ranks in the top 40% nationwide. This equates to an annual average Xenia house appreciation rate of 5.98%.

NeighborhoodScout's data show that during the latest twelve months, Xenia's appreciation rate, at 13.61%, has been at or slightly above the national average. In the latest quarter, Xenia's appreciation rate has been 2.91%, which annualizes to a rate of 12.15%.

Relative to Ohio, our data show that Xenia's latest annual appreciation rate is higher than 70% of the other cities and towns in Ohio.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Xenia differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Xenia - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Xenia real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$202,931

Xenia, OH HOME PRICES

> $1,404,000
$1,053,001 - $1,404,000
$702,001 - $1,053,000
$562,001 - $702,000
$421,001 - $562,000
$281,001 - $421,000
$140,001 - $281,000
$70,001 - $140,000
$0 - $70,000
0.4%
0.4%
0.0%
0.0%
0.5%
0.5%
1.4%
1.4%
2.8%
2.8%
12.0%
12.0%
38.8%
38.8%
38.1%
38.1%
6.0%
6.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Average for OH

Value Relative To Nation

Number Of Homes And Apartments:
11,188

Xenia Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2022 Q1 - 2022 Q2
Last 12 Months:
2021 Q2 - 2022 Q2
Last 2 Years:
2020 Q2 - 2022 Q2
Last 5 Years:
2017 Q2 - 2022 Q2
Last 10 Years:
2012 Q2 - 2022 Q2
Since 2000:
2000 Q1 - 2022 Q2
86.26% 2.80%
8
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,300 / per month

Homeownership Rate

Owners
Renters
Vacant
53.9%
53.9%
46.1%
46.1%
8.6%
8.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
15.0%
15.0%
31.1%
31.1%
36.1%
36.1%
17.9%
17.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
74.9%
74.9%
3.3%
3.3%
5.7%
5.7%
15.3%
15.3%
0.6%
0.6%
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.3%
2.3%
9.5%
9.5%
24.6%
24.6%
50.8%
50.8%
11.7%
11.7%
1.2%
1.2%
0.0% 100.0%
% OF HOMES