Zanesville, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Zanesville Neighborhoods Since 2000




Zanesville, 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

Zanesville Housing Market Information

With a population of 25,498, 11,010 total housing units (homes and apartments), and a median house value of $92,103, house prices in Zanesville are some of the most affordable in Ohio as well as the nation.

Single-family detached homes are the single most common housing type in Zanesville, accounting for 59.30% of the city's housing units. Other types of housing that are prevalent in Zanesville include large apartment complexes or high rise apartments ( 19.94%), duplexes, homes converted to apartments or other small apartment buildings ( 16.98%), and a few row houses and other attached homes ( 2.81%).

People in Zanesville primarily live in small (one, two or no bedroom) single-family detached homes. Zanesville has a mixture of owner-occupied and renter-occupied housing.

The housing in Zanesville was primarily built before 1939 ( 42.77%), making the housing stock in Zanesville some of the oldest overall in America, although there is a range of ages of homes in Zanesville. The next most important housing age is between 1940-1969 ( 29.61%), followed by between 1970-1999 ( 18.97%). There's also some housing in Zanesville built between 2000 and later ( 8.65%).

Vacant housing appears to be an issue in Zanesville. Fully 12.31% of the housing stock is classified as vacant. Left unchecked, vacant Zanesville homes and apartments can be a drag on the real estate market, holding Zanesville 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.

Zanesville Home Appreciation Rates

Zanesville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Zanesville during the period has been just -0.81%, which is lower than 70% of US communities.

Over the last year, Zanesville appreciation rates have trailed the rest of the nation. In the last twelve months, Zanesville's appreciation rate has been -1.92%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Zanesville were at -0.60%, which equates to an annual appreciation rate of -2.39%.

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

Relative to Ohio, our data show that Zanesville's latest annual appreciation rate is lower than 90% 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 Zanesville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Zanesville - 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 Zanesville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$92,103

Zanesville, OH HOME PRICES

Value Range
> $1,044,000 0.6
$783,001 - $1,044,000 0.0
$522,001 - $783,000 0.0
$417,001 - $522,000 0.8
$313,001 - $417,000 0.9
$209,001 - $313,000 4.5
$104,001 - $209,000 26.4
$52,001 - $104,000 48.2
$0 - $52,000 18.6

Very Low for OH
Very Low for Nation

Value Relative to Nation Value Relative to State
82.6614320871909 84.9081364829396

Number Of Homes And Apartments:
11,010

Zanesville 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
6.51% 0.37% 4 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$836 / per month

Homeownership Rate

Homeownership
Owners 42.90
Renters 57.10
Vacant 12.31

Housing Market Details

 

Age of Homes

AGE OF Zanesville HOMES
2000 or Newer 8.6
1970 - 1999 19.0
1940 - 1969 29.6
1939 or Older 42.8

Types of Homes

TYPE OF Zanesville HOMES
Single-Family 59.3
Townhomes 2.8
Small Apt. Buildings 17.0
Apt. Complexes 19.9
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF Zanesville HOMES
No Bedroom 1.70
1 Bedroom 16.18
2 Bedrooms 39.32
3 Bedrooms 32.21
4 Bedrooms 8.94
5 or more bedrooms 1.64