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 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%).
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.
$144,619
for Ohio
for nation
8,672
$1,397 / per month