Welcome to our 45887 real estate data hub, tailored for investors in Spencerville, OH. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 45887 in Spencerville, OH. Discover Section 8 housing opportunities and challenges to maximize your investment potential in ALLEN COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Spencerville, OH real estate investing. Uncover the wealth of information available, and position yourself for success in the Spencerville property market.
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Location Overview
- Zip Code: 45887
- City: Spencerville
- State: OH
- Metro Area: Lima, OH
- County Name: ALLEN COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $162,402
- Average Home Price (Single Family Homes): $161,926
- Average Monthly Rental Price (All Types): Not Available
- Price-to-Rent Ratio: Not Available
- Zillow Projected % appreciation from 4/2023-4/2024: 0.2%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $910
- Average 3 Bedroom Section 8 Rental Rates: $1,160
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 14.87
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 11.67
- Number of Units Offered in Section 8 in the County: 1061
- Number of Occupied Units in Section 8 in the County: 994
- Percentage of Section 8 Units Occupied in the County: 93.69999695%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): Not Available
- Total % Appreciation since 2000 (Government Data): 55.1
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -0.08%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 3.4%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 27.08%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 36.89%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 65.39%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 37.92%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 64.99%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%