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 10,596 people, 4,382 houses or apartments, and a median cost of homes of $303,325, Tipp City real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Tipp City, accounting for 72.87% of the city's housing units. Other types of housing that are prevalent in Tipp City include large apartment complexes or high rise apartments ( 13.13%), duplexes, homes converted to apartments or other small apartment buildings ( 8.19%), and a few row houses and other attached homes ( 5.82%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Tipp City. Owner-occupied housing accounts for 69.15% of Tipp City's homes, and 63.45% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Tipp City 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 Tipp City built between 2000 and later ( 18.56%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.45%). There's also some housing in Tipp City built before 1939 ( 13.62%).
Tipp City's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Tipp City during the period has been just 5.86%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Tipp City's appreciation rate, at 3.39%, has been at or slightly above the national average. In the latest quarter, Tipp City's appreciation rate has been 1.76%, which annualizes to a rate of 7.23%.
Importantly, this makes Tipp City 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 Tipp City's latest annual appreciation rate is lower than 70% of the other cities and towns in Ohio.
$303,325
for Ohio
for nation
4,382
$1,324 / per month