The housing market in the Defiance, OH Metro Area is relatively strong compared to the national average. The median value for homes in Defiance is $152,600, which is less than half of the national median value of $338,100. However, over the past year, the appreciation rate of homes in Defiance has been 14.03%, which is significantly higher than the national rate of 8.27%. This indicates that there are great opportunities for home buyers or investors looking to purchase a property in this area due to high levels of growth.
The median home cost in Defiance Metro Area is $152,600. Home appreciation the last 10 years has been 68.5%. Home Appreciation in Defiance Metro Area is up 13.4%.
Average Age of Homes
- The median age of Defiance Metro Area real estate is 50 years old
The Rental Market in Defiance Metro Area
- Renters make up 23.2% of the Defiance Metro Area population
- 1.3% of houses and apartments in Defiance Metro Area, 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.