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 10,424 people, 4,290 houses or apartments, and a median cost of homes of $285,064, 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 74.65% 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 ( 9.84%), large apartment complexes or high rise apartments ( 9.21%), and a few row houses and other attached homes ( 6.30%).
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 70.31% of Tipp City's homes, and 65.42% 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 between 1940-1969 ( 17.66%). A lesser amount of the housing stock also hails from before 1939 ( 14.89%). There's also some housing in Tipp City built between 2000 and later ( 14.05%).
Appreciation rates for homes in Tipp City have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 105.35%, which ranks in the top 30% nationwide. This equates to an annual average Tipp City house appreciation rate of 7.46%.
Appreciation rates are so strong in Tipp City that despite a nationwide downturn in the housing market, Tipp City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Tipp City appreciation rates continue to be some of the highest in America, at 10.60%, which is higher than appreciation rates in 95.97% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Tipp City. Tipp City appreciation rates in the latest quarter were at 5.79%, which equates to an annual appreciation rate of 25.23%.
Importantly, this makes Tipp City one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Ohio, our data show that Tipp City's latest annual appreciation rate is higher than 90% of the other cities and towns in Ohio.
$285,064
for Ohio
for nation
4,290
$1,443 / per month