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 24,600 people, 10,662 houses or apartments, and a median cost of homes of $178,035, house prices in Zanesville are solidly below the national average.
Single-family detached homes are the single most common housing type in Zanesville, accounting for 62.53% of the city's housing units. Other types of housing that are prevalent in Zanesville include large apartment complexes or high rise apartments ( 21.83%), duplexes, homes converted to apartments or other small apartment buildings ( 12.23%), and a few row houses and other attached homes ( 2.17%).
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 ( 37.95%), 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 ( 30.15%), followed by between 1970-1999 ( 22.52%). There's also some housing in Zanesville built between 2000 and later ( 9.37%).
Vacant housing appears to be an issue in Zanesville. Fully 12.45% 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.
Appreciation rates for homes in Zanesville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 90.53%, which ranks in the top 50% nationwide. This equates to an annual average Zanesville house appreciation rate of 6.66%.
Appreciation rates are so strong in Zanesville that despite a nationwide downturn in the housing market, Zanesville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Zanesville appreciation rates continue to be some of the highest in America, at 9.36%, which is higher than appreciation rates in 83.33% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Zanesville. Zanesville 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 Zanesville's latest annual appreciation rate is higher 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 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.
$178,035
for Ohio
for nation
10,662
$1,105 / per month