Brecksville, 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 Q1 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Brecksville, OH Housing Market Trends

With 13,604 people, 5,539 houses or apartments, and a median cost of homes of $341,267, Brecksville real estate is some of the most expensive in Ohio, although Brecksville home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Brecksville, accounting for 78.67% of the city's housing units. Other types of housing that are prevalent in Brecksville include duplexes, homes converted to apartments or other small apartment buildings ( 7.62%), row houses and other attached homes ( 7.07%), and a few large apartment complexes or high rise apartments ( 6.33%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Brecksville. Owner-occupied housing accounts for 84.59% of Brecksville's homes, and 71.87% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Brecksville built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Brecksville built between 1940-1969 ( 31.09%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.07%). There's also some housing in Brecksville built before 1939 ( 6.64%).

Brecksville Home Appreciation Rates

Real estate appreciation rates in Brecksville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.95% during the period.

Over the last year, Brecksville appreciation rates have trailed the rest of the nation. In the last twelve months, Brecksville's appreciation rate has been 4.63%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Brecksville were at 1.54%, which equates to an annual appreciation rate of 6.29%.

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

Average Home Values

 

Median Home Value:
$341,267

Brecksville, OH HOME PRICES

> $1,171,000
1.0%
1.0%
$878,001 - $1,171,000
2.2%
2.2%
$586,001 - $878,000
8.4%
8.4%
$468,001 - $586,000
8.7%
8.7%
$351,001 - $468,000
24.5%
24.5%
$234,001 - $351,000
36.1%
36.1%
$117,001 - $234,000
16.6%
16.6%
$59,001 - $117,000
1.8%
1.8%
$0 - $59,000
0.7%
0.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for OH

Value Relative To Nation

Number Of Homes And Apartments:
5,539

Brecksville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
28.13% 1.17%
3
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,971 / per month

Homeownership Rate

Owners
84.6%
84.6%
Renters
15.4%
15.4%
Vacant
4.7%
4.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
9.1%
9.1%
1970 - 1999
53.2%
53.2%
1940 - 1969
31.1%
31.1%
1939 or Older
6.6%
6.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
78.7%
78.7%
Townhomes
7.1%
7.1%
Small Apt. Buildings
7.6%
7.6%
Apt. Complexes
6.3%
6.3%
Mobile Homes
0.2%
0.2%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
5.0%
5.0%
2 Bedrooms
15.8%
15.8%
3 Bedrooms
30.6%
30.6%
4 Bedrooms
41.2%
41.2%
5 or more bedrooms
7.4%
7.4%
0.0% 100.0%
% OF HOMES