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 25,612 people, 10,501 houses or apartments, and a median cost of homes of $255,228, Xenia real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Xenia, accounting for 75.07% of the city's housing units. Other types of housing that are prevalent in Xenia include large apartment complexes or high rise apartments ( 15.53%), duplexes, homes converted to apartments or other small apartment buildings ( 5.27%), and a few row houses and other attached homes ( 3.29%).
The most prevalent building size and type in Xenia are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.71% owning and 44.29% renting.
There is a lot of housing in Xenia 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 Xenia built between 1940-1969 ( 33.39%). A lesser amount of the housing stock also hails from before 1939 ( 16.55%). There's also some housing in Xenia built between 2000 and later ( 14.34%).
Appreciation rates for homes in Xenia have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 107.49%, which ranks in the top 30% nationwide. This equates to an annual average Xenia house appreciation rate of 7.57%.
Over the last year, Xenia appreciation rates have trailed the rest of the nation. In the last twelve months, Xenia's appreciation rate has been 3.46%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Xenia were at 2.95%, which equates to an annual appreciation rate of 12.32%.
Relative to Ohio, our data show that Xenia's latest annual appreciation rate is lower than 80% of the other cities and towns in Ohio.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Xenia differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Xenia - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Xenia real estate investment or home purchase decisions.
$255,228
for Ohio
for nation
10,501
$1,531 / per month