Lewis Center, 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

Lewis Center, OH Housing Market Trends

With 30,869 people, 2,785 houses or apartments, and a median cost of homes of $440,867, Lewis Center house prices are not only among the most expensive in Ohio, Lewis Center real estate also is some of the most expensive in all of America.

Lewis Center is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Lewis Center than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lewis Center. Owner-occupied housing accounts for 93.34% of Lewis Center's homes, and 81.70% have either three or four bedrooms, which is average sized relative to America.

Lewis Center homes and real estate are some of the newest in America. 63.21% of Lewis Center's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Lewis Center real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 32.86%), and between 1940-1969 ( 1.97%). There's also some housing in Lewis Center built before 1939 ( 1.96%).

Lewis Center Home Appreciation Rates

Appreciation rates for homes in Lewis Center have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 42.98%, which ranks in the top 40% nationwide. This equates to an annual average Lewis Center house appreciation rate of 3.64%.

Appreciation rates are so strong in Lewis Center that despite a nationwide downturn in the housing market, Lewis Center real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lewis Center appreciation rates continue to be some of the highest in America, at 6.54%, which is higher than appreciation rates in 75.96% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lewis Center. Lewis Center appreciation rates in the latest quarter were at 2.51%, which equates to an annual appreciation rate of 10.44%.

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

Average Home Values

 
info

Median Home Value:
$440,867

Lewis Center, OH HOME PRICES

> $1,178,000
0.5%
0.5%
$883,001 - $1,178,000
0.4%
0.4%
$589,001 - $883,000
10.1%
10.1%
$471,001 - $589,000
19.3%
19.3%
$353,001 - $471,000
39.8%
39.8%
$236,001 - $353,000
25.2%
25.2%
$118,001 - $236,000
3.0%
3.0%
$59,001 - $118,000
0.5%
0.5%
$0 - $59,000
1.2%
1.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for OH

Value Relative To Nation

Number Of Homes And Apartments:
2,785

Lewis Center 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
54.06% 2.08%
8
3
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$2,317 / per month

Homeownership Rate

Owners
93.3%
93.3%
Renters
6.7%
6.7%
Vacant
2.6%
2.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
63.2%
63.2%
1970 - 1999
32.9%
32.9%
1940 - 1969
2.0%
2.0%
1939 or Older
2.0%
2.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
89.3%
89.3%
Townhomes
5.2%
5.2%
Small Apt. Buildings
0.9%
0.9%
Apt. Complexes
3.4%
3.4%
Mobile Homes
1.2%
1.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.8%
0.8%
1 Bedroom
1.1%
1.1%
2 Bedrooms
6.8%
6.8%
3 Bedrooms
25.4%
25.4%
4 Bedrooms
56.3%
56.3%
5 or more bedrooms
9.6%
9.6%
0.0% 100.0%
% OF HOMES