Average Appreciation Rate
For those who are investing in Ohio specifically Dayton or a neighboring city/county, what have you guys seen as the average appreciation for this area. I've been looking at multiple sources and want to see if anyone has any experience in that area to come to a more accurate average.
Thanks in Advance
#2 All Forums Contributor
- Investor
- Northern Virginia
Quote from @Mathios Yonan:
For those who are investing in Ohio specifically Dayton or a neighboring city/county, what have you guys seen as the average appreciation for this area. I've been looking at multiple sources and want to see if anyone has any experience in that area to come to a more accurate average.
Thanks in Advance
I am always careful looking at lagging indicators because what happened yesterday does not mean it will happen tomorrow. While its great to look at average appreciation I would be looking more at the leading indicators on where things are headed.
Quote from @Mathios Yonan:I have personally seen lot of appreciation in property values lot of development is helping that. Rents also have gone up and will definitely go up every year due to lack of housing in the area. Thinking of city neglected over the years and now all of sudden in past years everyone talks and invest in. There are lot of data out there and articles putting city in top markets to invest due to its affordability
For those who are investing in Ohio specifically Dayton or a neighboring city/county, what have you guys seen as the average appreciation for this area. I've been looking at multiple sources and want to see if anyone has any experience in that area to come to a more accurate average.
Thanks in Advance
Hi Mathios,
I am a realtor in Oregon, and I have access to MLS (the multiple listing service) stats for appreciation in my market going back to the 1990s with only a click (back to the 1960s with a little more effort). Maybe you should connect with a realtor in your market and ask them to provide you the data.
Also, Redfin has appreciation statistics. Select "Buyer Resources", then select US Market. You can search for you Zip code there, but keep in mind they only go back 5 years.
https://www.redfin.com/city/5413/OH/Dayton/housing-market
Best wishes,
Melissa
Quote from @Melissa Hartvigsen:
Hi Mathios,
I am a realtor in Oregon, and I have access to MLS (the multiple listing service) stats for appreciation in my market going back to the 1990s with only a click (back to the 1960s with a little more effort). Maybe you should connect with a realtor in your market and ask them to provide you the data.
Also, Redfin has appreciation statistics. Select "Buyer Resources", then select US Market. You can search for you Zip code there, but keep in mind they only go back 5 years.
https://www.redfin.com/city/5413/OH/Dayton/housing-market
Best wishes,Melissa
Thanks, Melissa, I didn't even know that Redfin info. I will look into it more!
Quote from @Mathios Yonan: Thanks, Melissa, I didn't even know that Redfin info. I will look into it more!You are most welcome!:)