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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Lowellville, OH Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Lowellville, OH Housing Market Trends

With 985 people, 489 houses or apartments, and a median cost of homes 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%).

Lowellville Home Appreciation Rates

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.

Average Home Values

Median Home Value

$86,329

Lowellville, OH Home Prices
> $1,098,000
$824,001 - $1,098,000
$549,001 - $824,000
$439,001 - $549,000
$330,001 - $439,000
$220,001 - $330,000
$110,001 - $220,000
$55,001 - $110,000
$0 - $55,000
0.0%
0.0%
0.0%
0.0%
1.2%
1.2%
0.9%
0.9%
0.0%
0.0%
2.4%
2.4%
22.6%
22.6%
53.2%
53.2%
19.6%
19.6%
0% 100.0%
% of Homes
Very Low

for Ohio

Very Low

for nation

Number of Homes And Apartments:

489

Lowellville Appreciation Rates

Rent & Ownership

Average Market Rent:

$871 / per month

Homeownership Rate

Owners
Renters
66.9%
66.9%
33.1%
33.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
9.9%
9.9%
90.1%
90.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
2.9%
2.9%
11.0%
11.0%
39.2%
39.2%
46.8%
46.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
78.6%
78.6%
1.3%
1.3%
12.5%
12.5%
6.4%
6.4%
0.0%
0.0%
1.1%
1.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.7%
1.7%
12.3%
12.3%
27.8%
27.8%
35.0%
35.0%
20.8%
20.8%
2.4%
2.4%
0% 100.0%
% of Homes

Popular Neighborhoods in Lowellville

Zip Codes in Lowellville, OH