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 a population of 10,274, 4,193 total housing units (homes and apartments), and a median house value of $237,231, Tipp City 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 Tipp City, accounting for 73.69% 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 ( 10.91%), large apartment complexes or high rise apartments ( 9.78%), and a few row houses and other attached homes ( 5.63%).
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 68.77% of Tipp City's homes, and 66.91% 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 ( 18.05%). A lesser amount of the housing stock also hails from before 1939 ( 15.71%). There's also some housing in Tipp City built between 2000 and later ( 11.02%).
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 70.02%, which ranks in the top 40% nationwide. This equates to an annual average Tipp City house appreciation rate of 5.45%.
NeighborhoodScout's data show that during the latest twelve months, Tipp City's appreciation rate, at 18.44%, has been at or slightly above the national average. In the latest quarter, Tipp City's appreciation rate has been 6.97%, which annualizes to a rate of 30.91%.
Relative to Ohio, our data show that Tipp City's latest annual appreciation rate is higher than 70% of the other cities and towns in Ohio.
Average for Nation
High for OH