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 4,337, 1,744 total housing units (homes and apartments), and a median house value of $280,343, Mount Orab 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 Mount Orab, accounting for 61.58% of the village's housing units. Other types of housing that are prevalent in Mount Orab include duplexes, homes converted to apartments or other small apartment buildings ( 13.41%), large apartment complexes or high rise apartments ( 13.35%), and a few row houses and other attached homes ( 8.07%).
The most prevalent building size and type in Mount Orab are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 54.31% owning and 45.69% renting.
Mount Orab homes and real estate are some of the newest in America. 37.87% of Mount Orab's housing was built since 2000, making the village have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Mount Orab real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 30.68%), and between 1940-1969 ( 23.32%). There's also some housing in Mount Orab built before 1939 ( 8.12%).
Appreciation rates for homes in Mount Orab have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 104.10%, which ranks in the top 40% nationwide. This equates to an annual average Mount Orab house appreciation rate of 7.40%.
Over the last year, Mount Orab appreciation rates have trailed the rest of the nation. In the last twelve months, Mount Orab's appreciation rate has been 4.45%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mount Orab were at 1.53%, which equates to an annual appreciation rate of 6.27%.
Relative to Ohio, our data show that Mount Orab's latest annual appreciation rate is lower than 80% of the other cities and towns in Ohio.
$280,343
for Ohio
for nation
1,744
$1,291 / per month