Pepper Pike appreciation rates and housing market information

Pepper Pike housing market information

With 6,040 people, 2,296 houses or apartments, and a median cost of homes of $480,250, Pepper Pike house prices are not only among the most expensive in Ohio, Pepper Pike real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Pepper Pike, accounting for 95.17% of the city's housing units. Other types of housing that are prevalent in Pepper Pike include large apartment complexes or high rise apartments (2.53%), and a few row houses and other attached homes (1.96%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Pepper Pike. Owner-occupied housing accounts for 92.46% of Pepper Pike's homes, and 80.36% have either three or four bedrooms, which is average sized relative to America.

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. Pepper Pike's housing was primarily built during this period, from the '40s through the '60s. A full 56.97% of the city's housing hails from this era. Other housing ages represented in Pepper Pike include homes built between 1970-1994 (33.62%), and housing constructed from 1995 and later (5.01%). There's also some housing in Pepper Pike built between 1939 and earlier (4.40%).

Pepper Pike home appreciation rates

Homes have actually lost value in Pepper Pike over the last ten years, as the appreciation rate has seen a decline of -9.38% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Pepper Pike home appreciation rates at 1.54%, which equates to an annual appreciation rate of 6.16%.

Over the last year, Pepper Pike appreciation rates have trailed the rest of the nation. In the last twelve months, Pepper Pike's appreciation rate has been -4.58%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pepper Pike were at 1.54%, which equates to an annual appreciation rate of 6.16%.

Relative to Ohio, our data show that Pepper Pike's latest annual appreciation rate is higher than 0% of the other cities and towns in Ohio.