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
With 4,189 people, 1,831 houses or apartments, and a median cost of homes of $60,184, house prices in Bellaire are some of the most affordable in Ohio as well as the nation.
Single-family detached homes are the single most common housing type in Bellaire, accounting for 63.81% of the village's housing units. Other types of housing that are prevalent in Bellaire include duplexes, homes converted to apartments or other small apartment buildings ( 22.59%), large apartment complexes or high rise apartments ( 8.21%), and a few row houses and other attached homes ( 3.84%).
People in Bellaire primarily live in small (one, two or no bedroom) single-family detached homes. Bellaire has a mixture of owner-occupied and renter-occupied housing.
The housing in Bellaire was primarily built before 1939 ( 57.86%), making the housing stock in Bellaire some of the oldest overall in America, although there is a range of ages of homes in Bellaire. The next most important housing age is between 1940-1969 ( 28.86%), followed by between 1970-1999 ( 12.71%).
Vacant housing appears to be an issue in Bellaire. Fully 19.20% of the housing stock is classified as vacant. Left unchecked, vacant Bellaire homes and apartments can be a drag on the real estate market, holding Bellaire 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.
In the last 10 years, Bellaire has experienced some of the highest home appreciation rates of any community in the nation. Bellaire real estate appreciated 14.86% over the last ten years, which is an average annual home appreciation rate of 1.40%, putting Bellaire in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bellaire definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Bellaire that despite a nationwide downturn in the housing market, Bellaire real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bellaire appreciation rates continue to be some of the highest in America, at 19.33%, which is higher than appreciation rates in 99.82% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bellaire. Bellaire appreciation rates in the latest quarter were at -4.83%, which equates to an annual appreciation rate of -17.97%.
Notably, Bellaire's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Ohio, our data show that Bellaire's latest annual appreciation rate is higher than 90% of the other cities and towns in Ohio.
|$859,001 - $1,145,000||0.0|
|$573,001 - $859,000||0.0|
|$458,001 - $573,000||0.8|
|$344,001 - $458,000||0.0|
|$229,001 - $344,000||0.9|
|$115,001 - $229,000||11.8|
|$57,001 - $115,000||40.8|
|$0 - $57,000||45.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Bellaire HOMES|
|2000 or Newer||0.6|
|1970 - 1999||12.7|
|1940 - 1969||28.9|
|1939 or Older||57.9|
|TYPE OF Bellaire HOMES|
|Small Apt. Buildings||22.6|
|SIZE OF Bellaire HOMES|
|5 or more bedrooms||2.56|