Bellaire, OH


Highest Appreciating Bellaire Neighborhoods Since 2000

Bellaire, 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

Bellaire Housing Market Information

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.

Bellaire Home Appreciation Rates

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.

Average Home Values


Median Home Value:


Value Range
> $1,145,000 0.5
$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

Very Low for OH
Very Low for Nation

Value Relative to Nation Value Relative to State
98.0253134888082 99.3438320209974

Number Of Homes And Apartments:

Bellaire Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
26.34% 1.36% 9 3
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,020 / per month

Homeownership Rate

Owners 53.87
Renters 46.13
Vacant 19.20

Housing Market Details


Age of Homes

2000 or Newer 0.6
1970 - 1999 12.7
1940 - 1969 28.9
1939 or Older 57.9

Types of Homes

Single-Family 63.8
Townhomes 3.8
Small Apt. Buildings 22.6
Apt. Complexes 8.2
Mobile Homes 1.5
Other 0.0

Home Size

No Bedroom 1.99
1 Bedroom 12.18
2 Bedrooms 37.11
3 Bedrooms 36.14
4 Bedrooms 10.02
5 or more bedrooms 2.56