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 1,664, 624 total housing units (homes and apartments), and a median house value of $215,836, house prices in Windham are solidly below the national average.
Single-family detached homes are the single most common housing type in Windham, accounting for 62.93% of the village's housing units. Other types of housing that are prevalent in Windham include large apartment complexes or high rise apartments ( 32.24%), duplexes, homes converted to apartments or other small apartment buildings ( 2.56%), and a few mobile homes or trailers ( 1.42%).
The most prevalent building size and type in Windham are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 55.65% owning and 44.35% renting.
There is a lot of housing in Windham built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Windham built between 1940-1969 ( 30.82%). A lesser amount of the housing stock also hails from before 1939 ( 12.64%). There's also some housing in Windham built between 2000 and later ( 7.39%).
Vacant housing appears to be an issue in Windham. Fully 11.36% of the housing stock is classified as vacant. Left unchecked, vacant Windham homes and apartments can be a drag on the real estate market, holding Windham 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.
Appreciation rates for homes in Windham have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 97.51%, which ranks in the top 40% nationwide. This equates to an annual average Windham house appreciation rate of 7.04%.
Appreciation rates are so strong in Windham that despite a nationwide downturn in the housing market, Windham real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Windham appreciation rates continue to be some of the highest in America, at 14.08%, which is higher than appreciation rates in 96.72% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Windham. Windham appreciation rates in the latest quarter were at 1.45%, which equates to an annual appreciation rate of 5.93%.
Relative to Ohio, our data show that Windham's latest annual appreciation rate is higher than 90% of the other cities and towns in Ohio.
$215,836
for Ohio
for nation
624
$1,326 / per month