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 a population of 32,292, 13,974 total housing units (homes and apartments), and a median house value of $188,269, house prices in Massillon are solidly below the national average.
Single-family detached homes are the single most common housing type in Massillon, accounting for 72.64% of the city's housing units. Other types of housing that are prevalent in Massillon include duplexes, homes converted to apartments or other small apartment buildings ( 11.73%), large apartment complexes or high rise apartments ( 10.12%), and a few row houses and other attached homes ( 3.19%).
The most prevalent building size and type in Massillon are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.56% owning and 39.44% renting.
The housing in Massillon was primarily built before 1939 ( 33.83%), making the housing stock in Massillon some of the oldest overall in America, although there is a range of ages of homes in Massillon. The next most important housing age is between 1940-1969 ( 33.16%), followed by between 1970-1999 ( 19.15%). There's also some housing in Massillon built between 2000 and later ( 13.86%).
Real estate appreciation rates in Massillon's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.28% during the period.
NeighborhoodScout's data show that during the latest twelve months, Massillon's appreciation rate, at 5.60%, has been at or slightly above the national average. In the latest quarter, Massillon's appreciation rate has been 2.98%, which annualizes to a rate of 12.45%.
Relative to Ohio, our data show that Massillon's latest annual appreciation rate is lower 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 Massillon differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Massillon - 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 Massillon real estate investment or home purchase decisions.
$188,269
for Ohio
for nation
13,974
$1,095 / per month