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 5,880 people, 2,362 houses or apartments, and a median cost of homes of $208,912, house prices in Geneva are solidly below the national average.
Single-family detached homes are the single most common housing type in Geneva, accounting for 60.60% of the city's housing units. Other types of housing that are prevalent in Geneva include large apartment complexes or high rise apartments ( 14.22%), duplexes, homes converted to apartments or other small apartment buildings ( 12.45%), and a few mobile homes or trailers ( 7.05%).
The most prevalent building size and type in Geneva are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.78% owning and 44.22% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Geneva's housing was primarily built during this period, from the '40s through the '60s. A full 31.75% of the city's housing hails from this era. Other housing ages represented in Geneva include homes built before 1939 ( 29.81%) and housing constructed between 1970-1999 ( 28.40%). There's also some housing in Geneva built between 2000 and later ( 10.03%).
Real estate appreciation rates in Geneva's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.22% during the period.
Over the last year, Geneva appreciation rates have trailed the rest of the nation. In the last twelve months, Geneva's appreciation rate has been 7.37%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Geneva were at 3.34%, which equates to an annual appreciation rate of 14.05%.
Relative to Ohio, our data show that Geneva's latest annual appreciation rate is lower than 70% of the other cities and towns in Ohio.
$208,912
for Ohio
for nation
2,362
$1,212 / per month