Eaton, 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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Eaton, OH Housing Market Trends

With 8,145 people, 3,399 houses or apartments, and a median cost of homes of $122,639, house prices in Eaton are solidly below the national average.

Single-family detached homes are the single most common housing type in Eaton, accounting for 69.61% of the city's housing units. Other types of housing that are prevalent in Eaton include large apartment complexes or high rise apartments ( 12.28%), duplexes, homes converted to apartments or other small apartment buildings ( 11.28%), and a few row houses and other attached homes ( 5.96%).

The most prevalent building size and type in Eaton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.74% owning and 39.26% renting.

There is a lot of housing in Eaton 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 Eaton built between 1940-1969 ( 28.02%). A lesser amount of the housing stock also hails from before 1939 ( 21.16%). There's also some housing in Eaton built between 2000 and later ( 12.31%).

Eaton Home Appreciation Rates

Real estate appreciation rates in Eaton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 3.06% during the period.

Appreciation rates are so strong in Eaton that despite a nationwide downturn in the housing market, Eaton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Eaton appreciation rates continue to be some of the highest in America, at 11.36%, which is higher than appreciation rates in 79.39% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Eaton. Eaton appreciation rates in the latest quarter were at 2.29%, which equates to an annual appreciation rate of 9.47%.

Relative to Ohio, our data show that Eaton's latest annual appreciation rate is higher than 80% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$122,639

Eaton, OH HOME PRICES

> $1,232,000
0.0%
0.0%
$924,001 - $1,232,000
0.0%
0.0%
$616,001 - $924,000
1.5%
1.5%
$493,001 - $616,000
1.5%
1.5%
$369,001 - $493,000
1.7%
1.7%
$247,001 - $369,000
12.9%
12.9%
$123,001 - $247,000
29.8%
29.8%
$62,001 - $123,000
47.0%
47.0%
$0 - $62,000
5.6%
5.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Low for OH

Value Relative To Nation

Number Of Homes And Apartments:
3,399

Eaton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
31.84% 1.29%
3
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$890 / per month

Homeownership Rate

Owners
60.7%
60.7%
Renters
39.3%
39.3%
Vacant
8.3%
8.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
12.3%
12.3%
1970 - 1999
38.5%
38.5%
1940 - 1969
28.0%
28.0%
1939 or Older
21.2%
21.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
69.6%
69.6%
Townhomes
6.0%
6.0%
Small Apt. Buildings
11.3%
11.3%
Apt. Complexes
12.3%
12.3%
Mobile Homes
0.9%
0.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.3%
2.3%
1 Bedroom
12.3%
12.3%
2 Bedrooms
32.9%
32.9%
3 Bedrooms
41.2%
41.2%
4 Bedrooms
10.0%
10.0%
5 or more bedrooms
1.3%
1.3%
0.0% 100.0%
% OF HOMES