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 10,776 people, 6,116 houses or apartments, and a median cost of homes of $149,341, house prices in Bedford Heights are some of the most affordable in Ohio as well as the nation.
Large apartment complexes or high rise apartments are the single most common housing type in Bedford Heights, accounting for 44.71% of the city's housing units. Other types of housing that are prevalent in Bedford Heights include single-family detached homes ( 42.86%), mobile homes or trailers ( 7.64%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.79%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.
People in Bedford Heights primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Bedford Heights has a mixture of owner-occupied and renter-occupied housing.
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. Bedford Heights's housing was primarily built during this period, from the '40s through the '60s. A full 57.43% of the city's housing hails from this era. Other housing ages represented in Bedford Heights include homes built between 1970-1999 ( 30.91%) and housing constructed between 2000 and later ( 7.19%). There's also some housing in Bedford Heights built before 1939 ( 4.46%).
Appreciation rates for homes in Bedford Heights have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 84.08%, which ranks in the top 50% nationwide. This equates to an annual average Bedford Heights house appreciation rate of 6.29%.
NeighborhoodScout's data show that during the latest twelve months, Bedford Heights's appreciation rate, at 5.03%, has been at or slightly above the national average. In the latest quarter, Bedford Heights's appreciation rate has been -0.78%, which annualizes to a rate of -3.07%.
Notably, Bedford Heights's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Ohio, our data show that Bedford Heights's latest annual appreciation rate is lower than 80% of the other cities and towns in Ohio.
$149,341
for Ohio
for nation
6,116
$1,381 / per month