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 a population of 3,663, 1,364 total housing units (homes and apartments), and a median house value of $254,091, house prices in South Point are solidly below the national average.
Single-family detached homes are the single most common housing type in South Point, accounting for 82.03% of the village's housing units. Other types of housing that are prevalent in South Point include duplexes, homes converted to apartments or other small apartment buildings ( 15.41%), mobile homes or trailers ( 1.60%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in South Point. Owner-occupied housing accounts for 75.73% of South Point's homes, and 63.71% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in South Point 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 South Point built between 1940-1969 ( 31.99%). A lesser amount of the housing stock also hails from between 2000 and later ( 24.71%). There's also some housing in South Point built before 1939 ( 2.22%).
Real estate appreciation rates in South Point's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.20% during the period.
Appreciation rates are so strong in South Point that despite a nationwide downturn in the housing market, South Point real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, South Point appreciation rates continue to be some of the highest in America, at 6.88%, which is higher than appreciation rates in 92.92% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in South Point. South Point appreciation rates in the latest quarter were at 0.89%, which equates to an annual appreciation rate of 3.61%.
Relative to Ohio, our data show that South Point's latest annual appreciation rate is higher than 90% of the other cities and towns in Ohio.
$254,091
for Ohio
for nation
1,364
$1,269 / per month