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 5,510 people, 2,213 houses or apartments, and a median cost of homes of $130,091, house prices in New Carlisle 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 New Carlisle, accounting for 78.11% of the city's housing units. Other types of housing that are prevalent in New Carlisle include duplexes, homes converted to apartments or other small apartment buildings ( 13.48%), large apartment complexes or high rise apartments ( 5.84%), and a few row houses and other attached homes ( 2.57%).
The most prevalent building size and type in New Carlisle are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.34% owning and 38.66% renting.
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. New Carlisle's housing was primarily built during this period, from the '40s through the '60s. A full 46.75% of the city's housing hails from this era. Other housing ages represented in New Carlisle include homes built between 1970-1999 ( 28.74%) and housing constructed before 1939 ( 15.05%). There's also some housing in New Carlisle built between 2000 and later ( 9.46%).
Appreciation rates for homes in New Carlisle have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 96.04%, which ranks in the top 40% nationwide. This equates to an annual average New Carlisle house appreciation rate of 6.96%.
NeighborhoodScout's data show that during the latest twelve months, New Carlisle's appreciation rate, at 5.97%, has been at or slightly above the national average. In the latest quarter, New Carlisle's appreciation rate has been 4.93%, which annualizes to a rate of 21.21%.
Importantly, this makes New Carlisle 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 New Carlisle's latest annual appreciation rate is lower than 60% of the other cities and towns in Ohio.
$130,091
for Ohio
for nation
2,213
$1,275 / per month