Germantown, 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

Germantown, OH Housing Market Trends

With 5,519 people, 2,173 houses or apartments, and a median cost of homes of $179,141, Germantown real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Germantown, accounting for 83.97% of the village's housing units. Other types of housing that are prevalent in Germantown include duplexes, homes converted to apartments or other small apartment buildings ( 8.25%), row houses and other attached homes ( 5.40%), and a few large apartment complexes or high rise apartments ( 1.99%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Germantown. Owner-occupied housing accounts for 73.94% of Germantown's homes, and 72.35% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Germantown's housing was primarily built during this period, from the '40s through the '60s. A full 32.35% of the village's housing hails from this era. Other housing ages represented in Germantown include homes built before 1939 ( 29.85%) and housing constructed between 1970-1999 ( 24.41%). There's also some housing in Germantown built between 2000 and later ( 13.39%).

Germantown Home Appreciation Rates

Real estate appreciation rates in Germantown's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 3.26% during the period.

NeighborhoodScout's data show that during the latest twelve months, Germantown's appreciation rate, at 9.37%, has been at or slightly above the national average. In the latest quarter, Germantown's appreciation rate has been 2.37%, which annualizes to a rate of 9.82%.

Relative to Ohio, our data show that Germantown's latest annual appreciation rate is lower than 50% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$179,141

Germantown, OH HOME PRICES

> $1,257,000
0.0%
0.0%
$943,001 - $1,257,000
0.0%
0.0%
$629,001 - $943,000
2.9%
2.9%
$503,001 - $629,000
0.0%
0.0%
$377,001 - $503,000
4.4%
4.4%
$251,001 - $377,000
11.7%
11.7%
$125,001 - $251,000
57.0%
57.0%
$63,001 - $125,000
21.6%
21.6%
$0 - $63,000
2.4%
2.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Average for OH

Value Relative To Nation

Number Of Homes And Apartments:
2,173

Germantown 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
36.86% 1.47%
4
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,150 / per month

Homeownership Rate

Owners
73.9%
73.9%
Renters
26.1%
26.1%
Vacant
6.1%
6.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
13.4%
13.4%
1970 - 1999
24.4%
24.4%
1940 - 1969
32.4%
32.4%
1939 or Older
29.8%
29.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
84.0%
84.0%
Townhomes
5.4%
5.4%
Small Apt. Buildings
8.3%
8.3%
Apt. Complexes
2.0%
2.0%
Mobile Homes
0.4%
0.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.2%
1.2%
1 Bedroom
3.9%
3.9%
2 Bedrooms
22.5%
22.5%
3 Bedrooms
52.8%
52.8%
4 Bedrooms
19.5%
19.5%
5 or more bedrooms
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Germantown

Zip Codes in Germantown, OH