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MAUMEE HOUSING MARKET INFORMATION
With a population of 13,787, 5,869 total housing units (homes and apartments), and a median house value of $157,610, Maumee real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Maumee, accounting for 75.89% of the city’s housing units. Other types of housing that are prevalent in Maumee include large apartment complexes or high rise apartments ( 12.46%), duplexes, homes converted to apartments or other small apartment buildings ( 6.56%), and a few row houses and other attached homes ( 3.36%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Maumee. Owner-occupied housing accounts for 72.26% of Maumee’s homes, and 66.71% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America’s cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Maumee’s housing was primarily built during this period, from the ’40s through the ’60s. A full 46.51% of the city’s housing hails from this era. Other housing ages represented in Maumee include homes built between 1970-1999 ( 36.51%) and housing constructed before 1939 ( 15.07%). There’s also some housing in Maumee built between 2000 and later ( 1.91%).
MAUMEE HOME APPRECIATION RATES
Real estate appreciation rates in Maumee’s have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.54% during the period.
Over the last year, Maumee appreciation rates have trailed the rest of the nation. In the last twelve months, Maumee’s appreciation rate has been 0.72%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout’s data show that house appreciation rates in Maumee were at -1.97%, which equates to an annual appreciation rate of -7.64%.
Notably, Maumee’s appreciation rate in the latest quarter is one of the lowest in America.
Relative to Ohio, our data show that Maumee’s latest annual appreciation rate is lower than 80% 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 Maumee differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Maumee – 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 Maumee real estate investment or home purchase decisions.
Information provided by: https://www.neighborhoodscout.com/oh/maumee/real-estate