Kettering, 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 Q4 2020. 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

Kettering, OH Housing Market Trends

With 54,855 people, 24,960 houses or apartments, and a median cost of homes of $162,786, house prices in Kettering are solidly below the national average.

Single-family detached homes are the single most common housing type in Kettering, accounting for 69.54% of the city's housing units. Other types of housing that are prevalent in Kettering include large apartment complexes or high rise apartments ( 14.16%), duplexes, homes converted to apartments or other small apartment buildings ( 12.36%), and a few row houses and other attached homes ( 3.64%).

The most prevalent building size and type in Kettering are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.87% owning and 38.13% renting.

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. Kettering's housing was primarily built during this period, from the '40s through the '60s. A full 69.03% of the city's housing hails from this era. Other housing ages represented in Kettering include homes built between 1970-1999 ( 21.80%) and housing constructed before 1939 ( 5.92%). There's also some housing in Kettering built between 2000 and later ( 3.25%).

Kettering Home Appreciation Rates

Real estate appreciation rates in Kettering's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.63% during the period.

Appreciation rates are so strong in Kettering that despite a nationwide downturn in the housing market, Kettering real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Kettering appreciation rates continue to be some of the highest in America, at 6.95%, which is higher than appreciation rates in 85.90% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Kettering. Kettering appreciation rates in the latest quarter were at 3.23%, which equates to an annual appreciation rate of 13.54%.

Importantly, NeighborhoodScout’s exclusive research found that Kettering's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Ohio, our data show that Kettering's latest annual appreciation rate is higher than 70% 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 Kettering differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Kettering - 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 Kettering real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$162,786

Kettering, OH HOME PRICES

> $1,199,000
0.1%
0.1%
$899,001 - $1,199,000
0.3%
0.3%
$600,001 - $899,000
0.6%
0.6%
$480,001 - $600,000
1.1%
1.1%
$360,001 - $480,000
3.0%
3.0%
$240,001 - $360,000
8.2%
8.2%
$120,001 - $240,000
58.7%
58.7%
$60,001 - $120,000
25.4%
25.4%
$0 - $60,000
2.6%
2.6%
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:
24,960

Kettering Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
34.47% 1.42%
5
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,083 / per month

Homeownership Rate

Owners
61.9%
61.9%
Renters
38.1%
38.1%
Vacant
6.2%
6.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
3.3%
3.3%
1970 - 1999
21.8%
21.8%
1940 - 1969
69.0%
69.0%
1939 or Older
5.9%
5.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
69.5%
69.5%
Townhomes
3.6%
3.6%
Small Apt. Buildings
12.4%
12.4%
Apt. Complexes
14.2%
14.2%
Mobile Homes
0.3%
0.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.6%
2.6%
1 Bedroom
10.1%
10.1%
2 Bedrooms
24.3%
24.3%
3 Bedrooms
45.6%
45.6%
4 Bedrooms
14.5%
14.5%
5 or more bedrooms
2.7%
2.7%
0.0% 100.0%
% OF HOMES