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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.



University 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

University Heights, OH Housing Market Trends

With 13,319 people, 4,851 houses or apartments, and a median cost of homes of $340,497, University Heights real estate is some of the most expensive in Ohio, although University Heights home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in University Heights, accounting for 78.30% of the city's housing units. Other types of housing that are prevalent in University Heights include large apartment complexes or high rise apartments ( 12.61%), duplexes, homes converted to apartments or other small apartment buildings ( 8.49%).

The most prevalent building size and type in University Heights are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.31% owning and 41.69% 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. University Heights's housing was primarily built during this period, from the '40s through the '60s. A full 63.10% of the city's housing hails from this era. Other housing ages represented in University Heights include homes built before 1939 ( 23.91%) and housing constructed between 1970-1999 ( 12.06%).

University Heights Home Appreciation Rates

Appreciation rates for homes in University 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 86.48%, which ranks in the top 50% nationwide. This equates to an annual average University Heights house appreciation rate of 6.43%.

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

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

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

Average Home Values

Median Home Value

$340,497

University Heights, OH Home Prices
> $1,334,000
$1,001,001 - $1,334,000
$667,001 - $1,001,000
$534,001 - $667,000
$400,001 - $534,000
$267,001 - $400,000
$133,001 - $267,000
$66,001 - $133,000
$0 - $66,000
0.2%
0.2%
0.3%
0.3%
1.6%
1.6%
2.7%
2.7%
14.8%
14.8%
41.1%
41.1%
36.4%
36.4%
1.6%
1.6%
1.3%
1.3%
0% 100.0%
% of Homes
Very High

for Ohio

High

for nation

Number of Homes And Apartments:

4,851

University Heights Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,886 / per month

Homeownership Rate

Owners
Renters
58.3%
58.3%
41.7%
41.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.3%
5.3%
94.7%
94.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
0.9%
0.9%
12.1%
12.1%
63.1%
63.1%
23.9%
23.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
78.3%
78.3%
0.4%
0.4%
8.5%
8.5%
12.6%
12.6%
0.2%
0.2%
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
0.0%
0.0%
7.0%
7.0%
14.1%
14.1%
44.8%
44.8%
31.1%
31.1%
3.0%
3.0%
0% 100.0%
% of Homes