Xenia, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Xenia, 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

Xenia Housing Market Information

With a population of 25,976, 10,535 total housing units (homes and apartments), and a median house value of $121,508, 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 75.82% of the city's housing units. Other types of housing that are prevalent in Xenia include large apartment complexes or high rise apartments ( 14.05%), duplexes, homes converted to apartments or other small apartment buildings ( 6.43%), and a few row houses and other attached homes ( 2.70%).

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 59.66% owning and 40.34% 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 37.47% of the city's housing hails from this era. Other housing ages represented in Xenia include homes built between 1970-1999 ( 36.23%) and housing constructed between 2000 and later ( 13.35%). There's also some housing in Xenia built before 1939 ( 12.95%).

Xenia Home Appreciation Rates

Xenia's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Xenia during the period has been just -1.16%, which is lower than 70% of US communities.

Over the last year, Xenia appreciation rates have trailed the rest of the nation. In the last twelve months, Xenia's appreciation rate has been 0.32%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Xenia were at -0.27%, which equates to an annual appreciation rate of -1.08%.

Relative to Ohio, our data show that Xenia's latest annual appreciation rate is lower than 80% 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:
$121,508

Xenia, OH HOME PRICES

Value Range
> $1,033,000 0.8
$775,001 - $1,033,000 0.1
$517,001 - $775,000 0.2
$414,001 - $517,000 0.9
$310,001 - $414,000 1.9
$207,001 - $310,000 7.7
$103,001 - $207,000 40.5
$52,001 - $103,000 44.4
$0 - $52,000 3.4

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
64.6021328958162 62.2047244094488

Number Of Homes And Apartments:
10,535

Xenia 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
1.17% 0.07% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$781 / per month

Homeownership Rate

Homeownership
Owners 59.66
Renters 40.34
Vacant 8.14

Housing Market Details

 

Age of Homes

AGE OF Xenia HOMES
2000 or Newer 13.3
1970 - 1999 36.2
1940 - 1969 37.5
1939 or Older 12.9

Types of Homes

TYPE OF Xenia HOMES
Single-Family 75.8
Townhomes 2.7
Small Apt. Buildings 6.4
Apt. Complexes 14.0
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF Xenia HOMES
No Bedroom 2.04
1 Bedroom 9.46
2 Bedrooms 19.87
3 Bedrooms 55.63
4 Bedrooms 11.34
5 or more bedrooms 1.66