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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Barnesville, OH Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Barnesville, OH Housing Market Trends

With 3,942 people, 1,440 houses or apartments, and a median cost of homes of $136,008, house prices in Barnesville 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 Barnesville, accounting for 71.60% of the village's housing units. Other types of housing that are prevalent in Barnesville include duplexes, homes converted to apartments or other small apartment buildings ( 12.22%), large apartment complexes or high rise apartments ( 10.11%), and a few mobile homes or trailers ( 3.33%).

The most prevalent building size and type in Barnesville are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 62.51% owning and 37.49% renting.

The housing in Barnesville was primarily built before 1939 ( 44.18%), making the housing stock in Barnesville some of the oldest overall in America, although there is a range of ages of homes in Barnesville. The next most important housing age is between 1940-1969 ( 23.20%), followed by between 1970-1999 ( 17.18%). There's also some housing in Barnesville built between 2000 and later ( 15.43%).

Vacant housing appears to be an issue in Barnesville. Fully 15.84% of the housing stock is classified as vacant. Left unchecked, vacant Barnesville homes and apartments can be a drag on the real estate market, holding Barnesville real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Barnesville Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Barnesville, where house values have increased just 48.14%, which is annualized rate of 4.01%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Appreciation rates are so strong in Barnesville that despite a nationwide downturn in the housing market, Barnesville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Barnesville appreciation rates continue to be some of the highest in America, at 10.51%, which is higher than appreciation rates in 89.44% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Barnesville. Barnesville appreciation rates in the latest quarter were at 0.60%, which equates to an annual appreciation rate of 2.44%.

Notably, Barnesville's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Ohio, our data show that Barnesville's latest annual appreciation rate is higher than 80% of the other cities and towns in Ohio.

Average Home Values

Median Home Value

$136,008

Barnesville, OH Home Prices
> $1,179,000
$884,001 - $1,179,000
$590,001 - $884,000
$472,001 - $590,000
$354,001 - $472,000
$236,001 - $354,000
$118,001 - $236,000
$59,001 - $118,000
$0 - $59,000
0.0%
0.0%
0.0%
0.0%
3.2%
3.2%
1.4%
1.4%
3.2%
3.2%
13.0%
13.0%
40.7%
40.7%
26.0%
26.0%
12.5%
12.5%
0% 100.0%
% of Homes
Very Low

for Ohio

Very Low

for nation

Number of Homes And Apartments:

1,440

Barnesville Appreciation Rates

Rent & Ownership

Average Market Rent:

$734 / per month

Homeownership Rate

Owners
Renters
62.5%
62.5%
37.5%
37.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
15.8%
15.8%
84.2%
84.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
15.4%
15.4%
17.2%
17.2%
23.2%
23.2%
44.2%
44.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
71.6%
71.6%
2.7%
2.7%
12.2%
12.2%
10.1%
10.1%
3.3%
3.3%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
6.4%
6.4%
28.0%
28.0%
46.2%
46.2%
12.3%
12.3%
7.1%
7.1%
0% 100.0%
% of Homes