Windham, 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 Q1 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

Windham, OH Housing Market Trends

With 2,202 people, 739 houses or apartments, and a median cost of homes of $115,320, house prices in Windham are some of the most affordable in Ohio as well as the nation.

Single-family detached homes are the single most common housing type in Windham, accounting for 58.43% of the village's housing units. Other types of housing that are prevalent in Windham include large apartment complexes or high rise apartments ( 26.83%), duplexes, homes converted to apartments or other small apartment buildings ( 9.42%), and a few mobile homes or trailers ( 3.33%).

The most prevalent building size and type in Windham are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 52.11% owning and 47.89% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Windham's housing was primarily built during this period, from the '40s through the '60s. A full 43.90% of the village's housing hails from this era. Other housing ages represented in Windham include homes built between 1970-1999 ( 42.79%) and housing constructed before 1939 ( 11.64%). There's also some housing in Windham built between 2000 and later ( 1.66%).

Vacant housing appears to be an issue in Windham. Fully 18.07% of the housing stock is classified as vacant. Left unchecked, vacant Windham homes and apartments can be a drag on the real estate market, holding Windham 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.

Windham Home Appreciation Rates

Windham's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Windham during the period has been just 1.99%, which is lower than 70% of US communities.

Over the last year, Windham appreciation rates have trailed the rest of the nation. In the last twelve months, Windham's appreciation rate has been 4.22%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Windham were at 2.45%, which equates to an annual appreciation rate of 10.16%.

Relative to Ohio, our data show that Windham's latest annual appreciation rate is lower than 90% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$115,320

Windham, OH HOME PRICES

> $1,157,000
0.2%
0.2%
$868,001 - $1,157,000
0.3%
0.3%
$579,001 - $868,000
1.4%
1.4%
$463,001 - $579,000
1.0%
1.0%
$347,001 - $463,000
1.8%
1.8%
$232,001 - $347,000
8.3%
8.3%
$116,001 - $232,000
32.7%
32.7%
$58,001 - $116,000
36.8%
36.8%
$0 - $58,000
17.5%
17.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Very Low for OH

Value Relative To Nation

Number Of Homes And Apartments:
739

Windham Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
18.43% 0.80%
1
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$943 / per month

Homeownership Rate

Owners
52.1%
52.1%
Renters
47.9%
47.9%
Vacant
18.1%
18.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1.7%
1.7%
1970 - 1999
42.8%
42.8%
1940 - 1969
43.9%
43.9%
1939 or Older
11.6%
11.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
58.4%
58.4%
Townhomes
2.0%
2.0%
Small Apt. Buildings
9.4%
9.4%
Apt. Complexes
26.8%
26.8%
Mobile Homes
3.3%
3.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.3%
0.3%
1 Bedroom
5.0%
5.0%
2 Bedrooms
26.9%
26.9%
3 Bedrooms
52.4%
52.4%
4 Bedrooms
12.0%
12.0%
5 or more bedrooms
3.3%
3.3%
0.0% 100.0%
% OF HOMES