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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.



Cleveland Heights, 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 Q4 2023. 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

Cleveland Heights, OH Housing Market Trends

With 44,201 people, 19,462 houses or apartments, and a median cost of homes of $229,052, house prices in Cleveland Heights are solidly below the national average.

Single-family detached homes are the single most common housing type in Cleveland Heights, accounting for 62.74% of the city's housing units. Other types of housing that are prevalent in Cleveland Heights include large apartment complexes or high rise apartments ( 22.65%), duplexes, homes converted to apartments or other small apartment buildings ( 9.88%), and a few row houses and other attached homes ( 4.64%).

The most prevalent building size and type in Cleveland Heights are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.51% owning and 42.49% renting.

The housing in Cleveland Heights was primarily built before 1939 ( 56.64%), making the housing stock in Cleveland Heights some of the oldest overall in America, although there is a range of ages of homes in Cleveland Heights. The next most important housing age is between 1940-1969 ( 31.40%), followed by between 1970-1999 ( 9.82%). There's also some housing in Cleveland Heights built between 2000 and later ( 2.14%).

Vacant housing appears to be an issue in Cleveland Heights. Fully 10.28% of the housing stock is classified as vacant. Left unchecked, vacant Cleveland Heights homes and apartments can be a drag on the real estate market, holding Cleveland Heights 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.

Cleveland Heights Home Appreciation Rates

Real estate appreciation rates in Cleveland Heights's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.00% during the period.

NeighborhoodScout's data show that during the latest twelve months, Cleveland Heights's appreciation rate, at 5.03%, has been at or slightly above the national average. In the latest quarter, Cleveland Heights's appreciation rate has been -0.78%, which annualizes to a rate of -3.07%.

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

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Cleveland Heights differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Cleveland Heights - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Cleveland Heights real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$229,052

Cleveland Heights, OH Home Prices
> $1,304,000
$978,001 - $1,304,000
$652,001 - $978,000
$522,001 - $652,000
$391,001 - $522,000
$261,001 - $391,000
$130,001 - $261,000
$65,001 - $130,000
$0 - $65,000
1.6%
1.6%
0.9%
0.9%
3.4%
3.4%
4.0%
4.0%
6.6%
6.6%
20.4%
20.4%
45.1%
45.1%
15.7%
15.7%
2.3%
2.3%
0% 100.0%
% of Homes
Average

for Ohio

Average

for nation

Number of Homes And Apartments:

19,462

Cleveland Heights Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,659 / per month

Homeownership Rate

Owners
Renters
57.5%
57.5%
42.5%
42.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
10.3%
10.3%
89.7%
89.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
2.1%
2.1%
9.8%
9.8%
31.4%
31.4%
56.6%
56.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
62.7%
62.7%
4.6%
4.6%
9.9%
9.9%
22.7%
22.7%
0.1%
0.1%
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
2.2%
2.2%
13.2%
13.2%
17.8%
17.8%
37.3%
37.3%
19.7%
19.7%
9.9%
9.9%
0% 100.0%
% of Homes