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PERRYSBURG HOUSING MARKET INFORMATION
With 21,482 people, 8,372 houses or apartments, and a median cost of homes of $219,351, Perrysburg real estate is some of the most expensive in Ohio, although Perrysburg home values aren’t among America’s most expensive.
Single-family detached homes are the single most common housing type in Perrysburg, accounting for 66.48% of the city’s housing units. Other types of housing that are prevalent in Perrysburg include large apartment complexes or high rise apartments ( 20.31%), duplexes, homes converted to apartments or other small apartment buildings ( 7.71%), and a few row houses and other attached homes ( 3.75%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Perrysburg. Owner-occupied housing accounts for 67.09% of Perrysburg’s homes, and 60.22% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Perrysburg 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 Perrysburg built between 2000 and later ( 27.54%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.36%). There’s also some housing in Perrysburg built before 1939 ( 8.30%).
PERRYSBURG HOME APPRECIATION RATES
Appreciation rates for homes in Perrysburg have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 14.95%, which ranks in the top 50% nationwide. This equates to an annual average Perrysburg house appreciation rate of 1.40%.
Over the last year, Perrysburg appreciation rates have trailed the rest of the nation. In the last twelve months, Perrysburg’s appreciation rate has been 1.54%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout’s data show that house appreciation rates in Perrysburg were at -1.97%, which equates to an annual appreciation rate of -7.64%.
Notably, Perrysburg’s appreciation rate in the latest quarter is one of the lowest in America.
Relative to Ohio, our data show that Perrysburg’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 Perrysburg differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Perrysburg – 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 Perrysburg real estate investment or home purchase decisions.
Information provided by: https://www.neighborhoodscout.com/oh/perrysburg/real-estate