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 1,655 people, 631 houses or apartments, and a median cost of homes of $257,562, house prices in Lucasville are solidly below the national average.
Single-family detached homes are the single most common housing type in Lucasville, accounting for 82.35% of the town's housing units. Other types of housing that are prevalent in Lucasville include mobile homes or trailers ( 11.50%), duplexes, homes converted to apartments or other small apartment buildings ( 4.95%), and a few large apartment complexes or high rise apartments ( 1.20%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lucasville. Owner-occupied housing accounts for 65.45% of Lucasville's homes, and 61.36% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Lucasville 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 Lucasville built between 1940-1969 ( 29.68%). A lesser amount of the housing stock also hails from before 1939 ( 19.79%). There's also some housing in Lucasville built between 2000 and later ( 17.78%).
Vacant housing appears to be an issue in Lucasville. Fully 15.64% of the housing stock is classified as vacant. Left unchecked, vacant Lucasville homes and apartments can be a drag on the real estate market, holding Lucasville 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.
Appreciation rates for homes in Lucasville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 91.43%, which ranks in the top 50% nationwide. This equates to an annual average Lucasville house appreciation rate of 6.71%.
Appreciation rates are so strong in Lucasville that despite a nationwide downturn in the housing market, Lucasville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lucasville appreciation rates continue to be some of the highest in America, at 6.48%, which is higher than appreciation rates in 91.54% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lucasville. Lucasville appreciation rates in the latest quarter were at 1.89%, which equates to an annual appreciation rate of 7.76%.
Importantly, this makes Lucasville one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Ohio, our data show that Lucasville's latest annual appreciation rate is higher than 70% of the other cities and towns in Ohio.
$257,562
for Ohio
for nation
631
$1,121 / per month