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 3,180 people, 1,472 houses or apartments, and a median cost of homes of $321,031, Millersburg real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Millersburg, accounting for 55.12% of the village's housing units. Other types of housing that are prevalent in Millersburg include duplexes, homes converted to apartments or other small apartment buildings ( 19.02%), large apartment complexes or high rise apartments ( 15.69%), and a few mobile homes or trailers ( 5.40%).
People in Millersburg primarily live in small (one, two or no bedroom) single-family detached homes. Millersburg has a mixture of owner-occupied and renter-occupied housing.
The housing in Millersburg was primarily built before 1939 ( 29.32%), making the housing stock in Millersburg some of the oldest overall in America, although there is a range of ages of homes in Millersburg. The next most important housing age is between 2000 and later ( 26.24%), followed by between 1970-1999 ( 23.79%). There's also some housing in Millersburg built between 1940-1969 ( 20.65%).
Appreciation rates for homes in Millersburg have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 109.64%, which ranks in the top 30% nationwide. This equates to an annual average Millersburg house appreciation rate of 7.68%.
Appreciation rates are so strong in Millersburg that despite a nationwide downturn in the housing market, Millersburg real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Millersburg appreciation rates continue to be some of the highest in America, at 17.31%, which is higher than appreciation rates in 98.58% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Millersburg. Millersburg 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 Millersburg's latest annual appreciation rate is higher than 90% of the other cities and towns in Ohio.
$321,031
for Ohio
for nation
1,472
$1,102 / per month