Metropolitan Statistical Area (MSA):
Athens, OH is a Metropolitan Statistical Area (MSA) comprising counties including Athens County.
The Athens, OH metropolitan statistical area (MSA) is located in the southeastern part of the state and includes the city of Athens and its surrounding suburbs. The MSA has a population of over 100,000 people and is home to Ohio University.
The housing market in the Athens MSA has been strong in recent years, with prices rising steadily. The average sale price of a home in the MSA was $176,000 in 2017, up from $160,000 in 2016. The number of homes sold also increased in 2017, with 1,637 homes sold compared to 1,569 homes sold in 2016.
The trend of rising prices and increased sales is expected to continue into 2018. The average sale price is projected to reach $183,000 this year, and the number of homes sold is expected to increase to 1,700.
There are several factors driving these trends. First, the economy in Southeast Ohio has been improving in recent years. This has led to more people moving into the area for work or retirement. Second, Ohio University continues to grow in popularity as a destination for students from around the country. This has led to an increase in demand for rental properties near campus. Finally, low interest rates have made it easier for buyers to afford a home purchase.
These trends are good news for sellers who are looking to cash in on their equity. However, they may make it difficult for first-time buyers or those on a tight budget to find an affordable home