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 9,658, 3,646 total housing units (homes and apartments), and a median house value of $435,545, Canal Winchester real estate is some of the most expensive in Ohio, although Canal Winchester home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Canal Winchester, accounting for 73.82% of the city's housing units. Other types of housing that are prevalent in Canal Winchester include row houses and other attached homes ( 12.12%), duplexes, homes converted to apartments or other small apartment buildings ( 7.69%), and a few large apartment complexes or high rise apartments ( 6.37%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Canal Winchester. Owner-occupied housing accounts for 81.01% of Canal Winchester's homes, and 72.98% have either three or four bedrooms, which is average sized relative to America.
Canal Winchester homes and real estate are some of the newest in America. 44.72% of Canal Winchester's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Canal Winchester real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 36.55%), and between 1940-1969 ( 10.93%). There's also some housing in Canal Winchester built before 1939 ( 7.80%).
In the last 10 years, Canal Winchester has experienced some of the highest home appreciation rates of any community in the nation. Canal Winchester real estate appreciated 128.57% over the last ten years, which is an average annual home appreciation rate of 8.62%, putting Canal Winchester in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Canal Winchester definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Canal Winchester appreciation rates have trailed the rest of the nation. In the last twelve months, Canal Winchester's appreciation rate has been 4.67%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Canal Winchester were at 1.53%, which equates to an annual appreciation rate of 6.27%.
Relative to Ohio, our data show that Canal Winchester's latest annual appreciation rate is lower than 80% of the other cities and towns in Ohio.
$435,545
for Ohio
for nation
3,646
$2,551 / per month