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 4,465, 1,828 total housing units (homes and apartments), and a median house value of $153,276, house prices in Crestline 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 Crestline, accounting for 76.26% of the village's housing units. Other types of housing that are prevalent in Crestline include large apartment complexes or high rise apartments ( 11.07%), duplexes, homes converted to apartments or other small apartment buildings ( 6.68%), and a few mobile homes or trailers ( 4.64%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Crestline. Owner-occupied housing accounts for 65.73% of Crestline's homes, and 62.99% 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. Crestline's housing was primarily built during this period, from the '40s through the '60s. A full 35.96% of the village's housing hails from this era. Other housing ages represented in Crestline include homes built between 1970-1999 ( 27.88%) and housing constructed before 1939 ( 25.49%). There's also some housing in Crestline built between 2000 and later ( 10.67%).
In the last 10 years, Crestline has experienced some of the highest home appreciation rates of any community in the nation. Crestline real estate appreciated 122.66% over the last ten years, which is an average annual home appreciation rate of 8.33%, putting Crestline in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Crestline 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 Crestline that despite a nationwide downturn in the housing market, Crestline real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Crestline appreciation rates continue to be some of the highest in America, at 15.95%, which is higher than appreciation rates in 97.98% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Crestline. Crestline appreciation rates in the latest quarter were at 1.02%, which equates to an annual appreciation rate of 4.16%.
Relative to Ohio, our data show that Crestline's latest annual appreciation rate is higher than 90% of the other cities and towns in Ohio.
$153,276
for Ohio
for nation
1,828
$1,249 / per month