The housing market in Drexel, OH is much less expensive than the US median value at $45,600. Despite the lower cost of housing in Drexel, homeowners have experienced strong growth over the last year with a 12.61% appreciation rate compared to 8.27% for the United States as a whole. This shows that even though housing is more affordable in Drexel, it still has an attractive market for potential homeowners looking to invest and benefit from appreciation.
The median home cost in Drexel is $45,600. Home appreciation the last 10 years has been 78.7%. Home Appreciation in Drexel is up 13.8%.
Average Age of Homes
- The median age of Drexel real estate is 68 years old
The Rental Market in Drexel
- Renters make up 44.2% of the Drexel population
- 0.0% of houses and apartments in Drexel, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.