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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.



Piqua, 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

Piqua, OH Housing Market Trends

With a population of 20,607, 8,672 total housing units (homes and apartments), and a median house value of $144,619, house prices in Piqua 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 Piqua, accounting for 73.45% of the city's housing units. Other types of housing that are prevalent in Piqua include duplexes, homes converted to apartments or other small apartment buildings ( 14.22%), large apartment complexes or high rise apartments ( 7.48%), and a few row houses and other attached homes ( 4.68%).

The most prevalent building size and type in Piqua are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.54% owning and 37.46% renting.

The housing in Piqua was primarily built before 1939 ( 41.05%), making the housing stock in Piqua some of the oldest overall in America, although there is a range of ages of homes in Piqua. The next most important housing age is between 1940-1969 ( 28.54%), followed by between 1970-1999 ( 24.55%). There's also some housing in Piqua built between 2000 and later ( 5.86%).

Piqua Home Appreciation Rates

Appreciation rates for homes in Piqua have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 92.74%, which ranks in the top 50% nationwide. This equates to an annual average Piqua house appreciation rate of 6.78%.

Over the last year, Piqua appreciation rates have trailed the rest of the nation. In the last twelve months, Piqua's appreciation rate has been 2.26%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Piqua were at 2.95%, which equates to an annual appreciation rate of 12.32%.

Relative to Ohio, our data show that Piqua's latest annual appreciation rate is lower than 90% 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 Piqua differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Piqua - 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 Piqua real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$144,619

Piqua, OH Home Prices
> $1,292,000
$969,001 - $1,292,000
$646,001 - $969,000
$517,001 - $646,000
$388,001 - $517,000
$258,001 - $388,000
$129,001 - $258,000
$64,001 - $129,000
$0 - $64,000
0.7%
0.7%
0.0%
0.0%
1.0%
1.0%
0.8%
0.8%
3.4%
3.4%
14.6%
14.6%
36.8%
36.8%
35.3%
35.3%
7.4%
7.4%
0% 100.0%
% of Homes
Very Low

for Ohio

Very Low

for nation

Number of Homes And Apartments:

8,672

Piqua Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,397 / per month

Homeownership Rate

Owners
Renters
62.5%
62.5%
37.5%
37.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.7%
6.7%
93.3%
93.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
5.9%
5.9%
24.5%
24.5%
28.5%
28.5%
41.0%
41.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
73.5%
73.5%
4.7%
4.7%
14.2%
14.2%
7.5%
7.5%
0.2%
0.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.6%
0.6%
8.6%
8.6%
34.9%
34.9%
39.3%
39.3%
14.5%
14.5%
2.1%
2.1%
0% 100.0%
% of Homes