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 2,334, 1,112 total housing units (homes and apartments), and a median house value of $218,406, house prices in Arcanum are solidly below the national average.
Single-family detached homes are the single most common housing type in Arcanum, accounting for 84.05% of the village's housing units. Other types of housing that are prevalent in Arcanum include duplexes, homes converted to apartments or other small apartment buildings ( 11.24%), row houses and other attached homes ( 4.72%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Arcanum. Owner-occupied housing accounts for 67.18% of Arcanum's homes, and 69.64% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Arcanum 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 Arcanum built before 1939 ( 28.47%). A lesser amount of the housing stock also hails from between 1940-1969 ( 25.47%). There's also some housing in Arcanum built between 2000 and later ( 15.69%).
Arcanum's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Arcanum during the period has been just 5.24%, which is lower than 70% of US communities.
Over the last year, Arcanum appreciation rates have trailed the rest of the nation. In the last twelve months, Arcanum's appreciation rate has been 1.22%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Arcanum were at 1.02%, which equates to an annual appreciation rate of 4.15%.
Relative to Ohio, our data show that Arcanum's latest annual appreciation rate is lower than 90% of the other cities and towns in Ohio.
$218,406
for Ohio
for nation
1,112
$1,255 / per month