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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 17,806 people, 7,666 houses or apartments, and a median cost of homes of $119,513, house prices in Ashtabula 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 Ashtabula, accounting for 69.94% of the city's housing units. Other types of housing that are prevalent in Ashtabula include large apartment complexes or high rise apartments ( 13.62%), duplexes, homes converted to apartments or other small apartment buildings ( 12.62%), and a few mobile homes or trailers ( 2.68%).
The most prevalent building size and type in Ashtabula are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.06% owning and 47.94% renting.
The housing in Ashtabula was primarily built before 1939 ( 41.08%), making the housing stock in Ashtabula some of the oldest overall in America, although there is a range of ages of homes in Ashtabula. The next most important housing age is between 1940-1969 ( 35.96%), followed by between 1970-1999 ( 20.34%). There's also some housing in Ashtabula built between 2000 and later ( 2.62%).
Vacant housing appears to be an issue in Ashtabula. Fully 10.70% of the housing stock is classified as vacant. Left unchecked, vacant Ashtabula homes and apartments can be a drag on the real estate market, holding Ashtabula 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.
Real estate appreciation rates in Ashtabula's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.99% during the period.
Appreciation rates are so strong in Ashtabula that despite a nationwide downturn in the housing market, Ashtabula real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ashtabula appreciation rates continue to be some of the highest in America, at 8.47%, which is higher than appreciation rates in 75.25% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ashtabula. Ashtabula appreciation rates in the latest quarter were at 1.02%, which equates to an annual appreciation rate of 4.15%.
Relative to Ohio, our data show that Ashtabula's latest annual appreciation rate is higher than 60% 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 Ashtabula differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ashtabula - 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 Ashtabula real estate investment or home purchase decisions.
$119,513
for Ohio
for nation
7,666
$1,292 / per month