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 1,640 people, 628 houses or apartments, and a median cost of homes of $95,804, house prices in Glouster 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 Glouster, accounting for 79.00% of the village's housing units. Other types of housing that are prevalent in Glouster include mobile homes or trailers ( 8.27%), duplexes, homes converted to apartments or other small apartment buildings ( 6.43%), and a few large apartment complexes or high rise apartments ( 5.77%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Glouster. Owner-occupied housing accounts for 66.88% of Glouster's homes, and 53.54% have either three or four bedrooms, which is average sized relative to America.
The housing in Glouster was primarily built before 1939 ( 42.91%), making the housing stock in Glouster some of the oldest overall in America, although there is a range of ages of homes in Glouster. The next most important housing age is between 1940-1969 ( 30.97%), followed by between 1970-1999 ( 17.98%). There's also some housing in Glouster built between 2000 and later ( 8.14%).
Vacant housing appears to be an issue in Glouster. Fully 17.59% of the housing stock is classified as vacant. Left unchecked, vacant Glouster homes and apartments can be a drag on the real estate market, holding Glouster 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.
Glouster's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Glouster during the period has been just 5.63%, which is lower than 70% of US communities.
Appreciation rates are so strong in Glouster that despite a nationwide downturn in the housing market, Glouster real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Glouster appreciation rates continue to be some of the highest in America, at 8.69%, which is higher than appreciation rates in 77.85% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Glouster. Glouster appreciation rates in the latest quarter were at 1.02%, which equates to an annual appreciation rate of 4.15%.
Relative to Ohio, our data show that Glouster's latest annual appreciation rate is higher than 60% of the other cities and towns in Ohio.
$95,804
for Ohio
for nation
628
$1,104 / per month