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 8,315 people, 3,673 houses or apartments, and a median cost of homes of $199,590, house prices in Eaton are solidly below the national average.
Single-family detached homes are the single most common housing type in Eaton, accounting for 76.73% of the city's housing units. Other types of housing that are prevalent in Eaton include duplexes, homes converted to apartments or other small apartment buildings ( 11.60%), large apartment complexes or high rise apartments ( 6.69%), and a few row houses and other attached homes ( 4.45%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Eaton. Owner-occupied housing accounts for 66.20% of Eaton's homes, and 57.48% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Eaton 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 Eaton built before 1939 ( 25.18%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.28%). There's also some housing in Eaton built between 1940-1969 ( 16.12%).
Appreciation rates for homes in Eaton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 93.19%, which ranks in the top 50% nationwide. This equates to an annual average Eaton house appreciation rate of 6.81%.
Appreciation rates are so strong in Eaton that despite a nationwide downturn in the housing market, Eaton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Eaton appreciation rates continue to be some of the highest in America, at 9.40%, which is higher than appreciation rates in 83.61% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Eaton. Eaton appreciation rates in the latest quarter were at 1.02%, which equates to an annual appreciation rate of 4.15%.
Relative to Ohio, our data show that Eaton's latest annual appreciation rate is higher than 70% of the other cities and towns in Ohio.
$199,590
for Ohio
for nation
3,673
$1,125 / per month