Beachwood, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Beachwood Neighborhoods Since 2000




Beachwood, OH Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Beachwood Housing Market Information

With a population of 11,762, 4,696 total housing units (homes and apartments), and a median house value of $323,467, Beachwood house prices are not only among the most expensive in Ohio, Beachwood 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 Beachwood, accounting for 55.82% of the city's housing units. Other types of housing that are prevalent in Beachwood include large apartment complexes or high rise apartments ( 36.72%), row houses and other attached homes ( 6.43%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.03%).

The most prevalent building size and type in Beachwood are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.57% owning and 40.43% 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. Beachwood's housing was primarily built during this period, from the '40s through the '60s. A full 49.06% of the city's housing hails from this era. Other housing ages represented in Beachwood include homes built between 1970-1999 ( 43.83%) and housing constructed between 2000 and later ( 4.72%). There's also some housing in Beachwood built before 1939 ( 2.39%).

Beachwood Home Appreciation Rates

Real estate appreciation rates in Beachwood's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.18% during the period.

NeighborhoodScout's data show that during the latest twelve months, Beachwood's appreciation rate, at 5.07%, has been at or slightly above the national average. In the latest quarter, Beachwood's appreciation rate has been -0.21%, which annualizes to a rate of -0.82%.

Relative to Ohio, our data show that Beachwood's latest annual appreciation rate is higher than 70% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$323,467

Beachwood, OH HOME PRICES

Value Range
> $1,105,000 0.5
$829,001 - $1,105,000 1.8
$553,001 - $829,000 13.3
$443,001 - $553,000 10.4
$332,001 - $443,000 19.1
$221,001 - $332,000 31.5
$111,001 - $221,000 17.4
$55,001 - $111,000 3.2
$0 - $55,000 3.0

Very High for OH
Very High for Nation

Value Relative to Nation Value Relative to State
14.2446970584788 4.1994750656168

Number Of Homes And Apartments:
4,696

Beachwood Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
9.75% 0.54% 5 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,008 / per month

Homeownership Rate

Homeownership
Owners 59.57
Renters 40.43
Vacant 8.73

Housing Market Details

 

Age of Homes

AGE OF Beachwood HOMES
2000 or Newer 4.7
1970 - 1999 43.8
1940 - 1969 49.1
1939 or Older 2.4

Types of Homes

TYPE OF Beachwood HOMES
Single-Family 55.8
Townhomes 6.4
Small Apt. Buildings 1.0
Apt. Complexes 36.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Beachwood HOMES
No Bedroom 0.31
1 Bedroom 15.82
2 Bedrooms 24.53
3 Bedrooms 24.47
4 Bedrooms 25.29
5 or more bedrooms 9.58