Mount Gilead, 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

Mount Gilead, OH Housing Market Trends

With a population of 3,678, 1,327 total housing units (homes and apartments), and a median house value of $179,327, Mount Gilead 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 Mount Gilead, accounting for 65.45% of the village's housing units. Other types of housing that are prevalent in Mount Gilead include large apartment complexes or high rise apartments ( 14.03%), mobile homes or trailers ( 10.32%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.07%).

The most prevalent building size and type in Mount Gilead are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 56.54% owning and 43.46% renting.

There is a lot of housing in Mount Gilead 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 Mount Gilead built between 1940-1969 ( 32.43%). A lesser amount of the housing stock also hails from before 1939 ( 21.84%). There's also some housing in Mount Gilead built between 2000 and later ( 12.51%).

Vacant housing appears to be an issue in Mount Gilead. Fully 12.18% of the housing stock is classified as vacant. Left unchecked, vacant Mount Gilead homes and apartments can be a drag on the real estate market, holding Mount Gilead real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Mount Gilead Home Appreciation Rates

Appreciation rates for homes in Mount Gilead have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 54.03%, which ranks in the top 40% nationwide. This equates to an annual average Mount Gilead house appreciation rate of 4.41%.

NeighborhoodScout's data show that during the latest twelve months, Mount Gilead's appreciation rate, at 10.32%, has been at or slightly above the national average. In the latest quarter, Mount Gilead's appreciation rate has been 2.71%, which annualizes to a rate of 11.30%.

Relative to Ohio, our data show that Mount Gilead's latest annual appreciation rate is higher than 60% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$179,327

Mount Gilead, OH HOME PRICES

> $1,270,000
0.0%
0.0%
$953,001 - $1,270,000
1.2%
1.2%
$635,001 - $953,000
0.0%
0.0%
$508,001 - $635,000
2.3%
2.3%
$381,001 - $508,000
4.7%
4.7%
$254,001 - $381,000
15.6%
15.6%
$127,001 - $254,000
44.9%
44.9%
$64,001 - $127,000
25.6%
25.6%
$0 - $64,000
5.6%
5.6%
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:
1,327

Mount Gilead 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
52.02% 1.97%
7
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$827 / per month

Homeownership Rate

Owners
56.5%
56.5%
Renters
43.5%
43.5%
Vacant
12.2%
12.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
12.5%
12.5%
1970 - 1999
33.2%
33.2%
1940 - 1969
32.4%
32.4%
1939 or Older
21.8%
21.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
65.5%
65.5%
Townhomes
2.1%
2.1%
Small Apt. Buildings
8.1%
8.1%
Apt. Complexes
14.0%
14.0%
Mobile Homes
10.3%
10.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
15.3%
15.3%
2 Bedrooms
24.0%
24.0%
3 Bedrooms
51.2%
51.2%
4 Bedrooms
9.5%
9.5%
5 or more bedrooms
0.0%
0.0%
0.0% 100.0%
% OF HOMES