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 3,282 people, 1,511 houses or apartments, and a median cost of homes of $246,965, house prices in Gallipolis are solidly below the national average.
Single-family detached homes are the single most common housing type in Gallipolis, accounting for 78.63% of the village's housing units. Other types of housing that are prevalent in Gallipolis include large apartment complexes or high rise apartments ( 10.06%), duplexes, homes converted to apartments or other small apartment buildings ( 5.63%), and a few mobile homes or trailers ( 3.36%).
People in Gallipolis primarily live in small (one, two or no bedroom) single-family detached homes. Gallipolis has a mixture of owner-occupied and renter-occupied housing.
The housing in Gallipolis was primarily built before 1939 ( 32.79%), making the housing stock in Gallipolis some of the oldest overall in America, although there is a range of ages of homes in Gallipolis. The next most important housing age is between 1940-1969 ( 28.30%), followed by between 1970-1999 ( 22.78%). There's also some housing in Gallipolis built between 2000 and later ( 16.13%).
Vacant housing appears to be an issue in Gallipolis. Fully 18.24% of the housing stock is classified as vacant. Left unchecked, vacant Gallipolis homes and apartments can be a drag on the real estate market, holding Gallipolis 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.
Gallipolis's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Gallipolis during the period has been just 5.58%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Gallipolis's appreciation rate, at 4.81%, has been at or slightly above the national average. In the latest quarter, Gallipolis's appreciation rate has been 0.26%, which annualizes to a rate of 1.06%.
Relative to Ohio, our data show that Gallipolis's latest annual appreciation rate is higher than 60% of the other cities and towns in Ohio.
$246,965
for Ohio
for nation
1,511
$1,278 / per month