Tipp City, 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

Tipp City, OH Housing Market Trends

With a population of 10,115, 4,106 total housing units (homes and apartments), and a median house value of $233,138, Tipp City real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Tipp City, accounting for 74.08% of the city's housing units. Other types of housing that are prevalent in Tipp City include duplexes, homes converted to apartments or other small apartment buildings ( 11.10%), large apartment complexes or high rise apartments ( 8.37%), and a few row houses and other attached homes ( 6.45%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Tipp City. Owner-occupied housing accounts for 68.08% of Tipp City's homes, and 65.70% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Tipp City 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 Tipp City built before 1939 ( 19.82%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.27%). There's also some housing in Tipp City built between 2000 and later ( 11.42%).

Tipp City Home Appreciation Rates

Real estate appreciation rates in Tipp City's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 3.39% during the period.

Over the last year, Tipp City appreciation rates have trailed the rest of the nation. In the last twelve months, Tipp City's appreciation rate has been 8.36%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Tipp City were at 2.35%, which equates to an annual appreciation rate of 9.73%.

Relative to Ohio, our data show that Tipp City's latest annual appreciation rate is lower than 70% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$233,138

Tipp City, OH HOME PRICES

> $1,203,000
0.3%
0.3%
$903,001 - $1,203,000
0.0%
0.0%
$602,001 - $903,000
1.9%
1.9%
$481,001 - $602,000
3.5%
3.5%
$361,001 - $481,000
8.8%
8.8%
$241,001 - $361,000
20.2%
20.2%
$121,001 - $241,000
51.8%
51.8%
$60,001 - $121,000
10.9%
10.9%
$0 - $60,000
2.8%
2.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for OH

Value Relative To Nation

Number Of Homes And Apartments:
4,106

Tipp City 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
43.05% 1.68%
5
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,042 / per month

Homeownership Rate

Owners
68.1%
68.1%
Renters
31.9%
31.9%
Vacant
3.7%
3.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
11.4%
11.4%
1970 - 1999
53.5%
53.5%
1940 - 1969
15.3%
15.3%
1939 or Older
19.8%
19.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
74.1%
74.1%
Townhomes
6.5%
6.5%
Small Apt. Buildings
11.1%
11.1%
Apt. Complexes
8.4%
8.4%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.3%
0.3%
1 Bedroom
4.9%
4.9%
2 Bedrooms
26.4%
26.4%
3 Bedrooms
45.4%
45.4%
4 Bedrooms
20.3%
20.3%
5 or more bedrooms
2.6%
2.6%
0.0% 100.0%
% OF HOMES