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 14,077, 6,045 total housing units (homes and apartments), and a median house value of $147,339, house prices in Bellefontaine 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 Bellefontaine, accounting for 61.11% of the city's housing units. Other types of housing that are prevalent in Bellefontaine include duplexes, homes converted to apartments or other small apartment buildings ( 20.56%), large apartment complexes or high rise apartments ( 11.81%), and a few mobile homes or trailers ( 3.73%).
The most prevalent building size and type in Bellefontaine are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.32% owning and 42.68% renting.
There is a lot of housing in Bellefontaine built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Bellefontaine built before 1939 ( 29.64%). A lesser amount of the housing stock also hails from between 1940-1969 ( 24.00%). There's also some housing in Bellefontaine built between 2000 and later ( 12.11%).
Appreciation rates for homes in Bellefontaine have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 101.57%, which ranks in the top 40% nationwide. This equates to an annual average Bellefontaine house appreciation rate of 7.26%.
Appreciation rates are so strong in Bellefontaine that despite a nationwide downturn in the housing market, Bellefontaine real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bellefontaine appreciation rates continue to be some of the highest in America, at 11.22%, which is higher than appreciation rates in 91.79% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bellefontaine. Bellefontaine 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 Bellefontaine's latest annual appreciation rate is higher than 90% of the other cities and towns in Ohio.
$147,339
for Ohio
for nation
6,045
$1,216 / per month