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 9,891 people, 4,244 houses or apartments, and a median cost of homes of $161,030, house prices in Struthers are some of the most affordable in Ohio as well as the nation.
Single-family detached homes are the single most common housing type in Struthers, accounting for 86.86% of the city's housing units. Other types of housing that are prevalent in Struthers include duplexes, homes converted to apartments or other small apartment buildings ( 7.62%), large apartment complexes or high rise apartments ( 3.57%), and a few row houses and other attached homes ( 1.82%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Struthers. Owner-occupied housing accounts for 68.81% of Struthers's homes, and 68.49% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Struthers's housing was primarily built during this period, from the '40s through the '60s. A full 44.52% of the city's housing hails from this era. Other housing ages represented in Struthers include homes built before 1939 ( 38.90%) and housing constructed between 1970-1999 ( 13.58%). There's also some housing in Struthers built between 2000 and later ( 3.00%).
Vacant housing appears to be an issue in Struthers. Fully 10.37% of the housing stock is classified as vacant. Left unchecked, vacant Struthers homes and apartments can be a drag on the real estate market, holding Struthers 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.
In the last 10 years, Struthers has experienced some of the highest home appreciation rates of any community in the nation. Struthers real estate appreciated 141.93% over the last ten years, which is an average annual home appreciation rate of 9.24%, putting Struthers in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Struthers definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Struthers that despite a nationwide downturn in the housing market, Struthers real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Struthers appreciation rates continue to be some of the highest in America, at 13.39%, which is higher than appreciation rates in 98.35% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Struthers. Struthers appreciation rates in the latest quarter were at 2.30%, which equates to an annual appreciation rate of 9.52%.
Importantly, this makes Struthers 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 Struthers's latest annual appreciation rate is higher than 90% of the other cities and towns in Ohio.
$161,030
for Ohio
for nation
4,244
$1,374 / per month