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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 17,765 people, 7,543 houses or apartments, and a median cost of homes of $205,231, house prices in Tiffin are solidly below the national average.
Single-family detached homes are the single most common housing type in Tiffin, accounting for 64.61% of the city's housing units. Other types of housing that are prevalent in Tiffin include large apartment complexes or high rise apartments ( 14.03%), duplexes, homes converted to apartments or other small apartment buildings ( 13.90%), and a few row houses and other attached homes ( 5.46%).
The most prevalent building size and type in Tiffin are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.44% owning and 46.56% renting.
The housing in Tiffin was primarily built before 1939 ( 38.57%), making the housing stock in Tiffin some of the oldest overall in America, although there is a range of ages of homes in Tiffin. The next most important housing age is between 1940-1969 ( 30.24%), followed by between 1970-1999 ( 22.38%). There's also some housing in Tiffin built between 2000 and later ( 8.81%).
Real estate appreciation rates in Tiffin's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.05% during the period.
Appreciation rates are so strong in Tiffin that despite a nationwide downturn in the housing market, Tiffin real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Tiffin appreciation rates continue to be some of the highest in America, at 8.33%, which is higher than appreciation rates in 73.63% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Tiffin. Tiffin appreciation rates in the latest quarter were at 1.02%, which equates to an annual appreciation rate of 4.15%.
Relative to Ohio, our data show that Tiffin's latest annual appreciation rate is higher than 60% 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 Tiffin differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Tiffin - 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 Tiffin real estate investment or home purchase decisions.
$205,231
for Ohio
for nation
7,543
$1,224 / per month