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 985, 489 total housing units (homes and apartments), and a median house value of $86,329, house prices in Lowellville are some of the most affordable in Ohio as well as the nation.
Single-family detached homes are the single most common housing type in Lowellville, accounting for 78.64% of the village's housing units. Other types of housing that are prevalent in Lowellville include duplexes, homes converted to apartments or other small apartment buildings ( 12.52%), large apartment complexes or high rise apartments ( 6.45%), and a few row houses and other attached homes ( 1.29%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lowellville. Owner-occupied housing accounts for 66.87% of Lowellville's homes, and 55.80% have either three or four bedrooms, which is average sized relative to America.
The housing in Lowellville was primarily built before 1939 ( 46.78%), making the housing stock in Lowellville some of the oldest overall in America, although there is a range of ages of homes in Lowellville. The next most important housing age is between 1940-1969 ( 39.23%), followed by between 1970-1999 ( 11.05%). There's also some housing in Lowellville built between 2000 and later ( 2.95%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Lowellville, where house values have increased just 45.80%, which is annualized rate of 3.84%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Lowellville appreciation rates have trailed the rest of the nation. In the last twelve months, Lowellville's appreciation rate has been -3.85%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lowellville were at 2.48%, which equates to an annual appreciation rate of 10.29%.
Relative to Ohio, our data show that Lowellville's latest annual appreciation rate is lower than 90% of the other cities and towns in Ohio.
$86,329
for Ohio
for nation
489
$871 / per month