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 5,915 people, 2,716 houses or apartments, and a median cost of homes of $208,926, house prices in Port Clinton are solidly below the national average.
Single-family detached homes are the single most common housing type in Port Clinton, accounting for 56.37% of the city's housing units. Other types of housing that are prevalent in Port Clinton include large apartment complexes or high rise apartments ( 21.37%), duplexes, homes converted to apartments or other small apartment buildings ( 11.26%), and a few row houses and other attached homes ( 5.55%).
Dwellings in Port Clinton tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 51.39% of the homes in Port Clinton have two or fewer bedrooms.
There is a lot of housing in Port Clinton 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 Port Clinton built before 1939 ( 31.04%). A lesser amount of the housing stock also hails from between 1940-1969 ( 25.68%). There's also some housing in Port Clinton built between 2000 and later ( 7.76%).
Vacant housing appears to be an issue in Port Clinton. Fully 26.81% of the housing stock is classified as vacant. Left unchecked, vacant Port Clinton homes and apartments can be a drag on the real estate market, holding Port Clinton 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 Port Clinton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 100.04%, which ranks in the top 40% nationwide. This equates to an annual average Port Clinton house appreciation rate of 7.18%.
NeighborhoodScout's data show that during the latest twelve months, Port Clinton's appreciation rate, at 4.53%, has been at or slightly above the national average. In the latest quarter, Port Clinton's appreciation rate has been 1.71%, which annualizes to a rate of 7.00%.
Importantly, this makes Port Clinton one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Ohio, our data show that Port Clinton's latest annual appreciation rate is higher than 60% of the other cities and towns in Ohio.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Port Clinton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Port Clinton - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Port Clinton real estate investment or home purchase decisions.
$208,926
for Ohio
for nation
2,716
$1,512 / per month