Canal Winchester, OH Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Canal Winchester, OH Housing Market Trends

With a population of 8,818, 3,192 total housing units (homes and apartments), and a median house value of $249,478, Canal Winchester real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Canal Winchester, accounting for 74.39% of the village's housing units. Other types of housing that are prevalent in Canal Winchester include duplexes, homes converted to apartments or other small apartment buildings ( 10.23%), row houses and other attached homes ( 8.00%), and a few large apartment complexes or high rise apartments ( 7.38%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Canal Winchester. Owner-occupied housing accounts for 79.46% of Canal Winchester's homes, and 73.86% have either three or four bedrooms, which is average sized relative to America.

Canal Winchester homes and real estate are some of the newest in America. 45.24% of Canal Winchester's housing was built since 2000, making the village have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Canal Winchester real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 37.95%), and between 1940-1969 ( 9.24%). There's also some housing in Canal Winchester built before 1939 ( 7.57%).

Canal Winchester Home Appreciation Rates

In the last 10 years, Canal Winchester has experienced some of the highest home appreciation rates of any community in the nation. Canal Winchester real estate appreciated 69.18% over the last ten years, which is an average annual home appreciation rate of 5.40%, putting Canal Winchester in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Canal Winchester definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Canal Winchester's appreciation rate, at 9.34%, has been at or slightly above the national average. In the latest quarter, Canal Winchester's appreciation rate has been 2.70%, which annualizes to a rate of 11.23%.

Relative to Ohio, our data show that Canal Winchester's latest annual appreciation rate is lower than 50% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$249,478

Canal Winchester, OH HOME PRICES

> $1,320,000
0.5%
0.5%
$990,001 - $1,320,000
0.0%
0.0%
$660,001 - $990,000
0.3%
0.3%
$528,001 - $660,000
1.5%
1.5%
$396,001 - $528,000
11.1%
11.1%
$264,001 - $396,000
30.2%
30.2%
$132,001 - $264,000
54.3%
54.3%
$66,001 - $132,000
1.8%
1.8%
$0 - $66,000
0.3%
0.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for OH

Value Relative To Nation

Number Of Homes And Apartments:
3,192

Canal Winchester Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
62.38% 2.28%
8
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,572 / per month

Homeownership Rate

Owners
79.5%
79.5%
Renters
20.5%
20.5%
Vacant
1.0%
1.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
45.2%
45.2%
1970 - 1999
38.0%
38.0%
1940 - 1969
9.2%
9.2%
1939 or Older
7.6%
7.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
74.4%
74.4%
Townhomes
8.0%
8.0%
Small Apt. Buildings
10.2%
10.2%
Apt. Complexes
7.4%
7.4%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.8%
1.8%
1 Bedroom
3.9%
3.9%
2 Bedrooms
19.3%
19.3%
3 Bedrooms
46.0%
46.0%
4 Bedrooms
27.8%
27.8%
5 or more bedrooms
1.2%
1.2%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Canal Winchester

Zip Codes in Canal Winchester, OH