Broadview Heights, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Broadview Heights Neighborhoods Since 2000




Broadview Heights, 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

Broadview Heights Housing Market Information

With 19,229 people, 7,450 houses or apartments, and a median cost of homes of $233,112, Broadview Heights real estate is some of the most expensive in Ohio, although Broadview Heights home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Broadview Heights, accounting for 70.86% of the city's housing units. Other types of housing that are prevalent in Broadview Heights include large apartment complexes or high rise apartments ( 16.96%), row houses and other attached homes ( 10.03%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.82%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Broadview Heights. Owner-occupied housing accounts for 79.88% of Broadview Heights's homes, and 66.08% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Broadview Heights 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 Broadview Heights built between 1940-1969 ( 33.56%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.50%). There's also some housing in Broadview Heights built before 1939 ( 4.66%).

Broadview Heights Home Appreciation Rates

Real estate appreciation rates in Broadview Heights's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.23% during the period.

NeighborhoodScout's data show that during the latest twelve months, Broadview Heights's appreciation rate, at 4.73%, has been at or slightly above the national average. In the latest quarter, Broadview Heights's appreciation rate has been -0.21%, which annualizes to a rate of -0.82%.

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

Average Home Values

 

Median Home Value:
$233,112

Broadview Heights, OH HOME PRICES

Value Range
> $1,136,000 1.2
$852,001 - $1,136,000 1.0
$568,001 - $852,000 3.1
$455,001 - $568,000 7.2
$341,001 - $455,000 12.2
$228,001 - $341,000 30.2
$113,001 - $228,000 34.5
$57,001 - $113,000 7.7
$0 - $57,000 2.9

Very High for OH
High for Nation

Value Relative to Nation Value Relative to State
25.2548927692488 9.05511811023622

Number Of Homes And Apartments:
7,450

Broadview Heights 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
12.23% 0.67% 6 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,004 / per month

Homeownership Rate

Homeownership
Owners 79.88
Renters 20.12
Vacant 4.29

Housing Market Details

 

Age of Homes

AGE OF Broadview Heights HOMES
2000 or Newer 19.5
1970 - 1999 42.3
1940 - 1969 33.6
1939 or Older 4.7

Types of Homes

TYPE OF Broadview Heights HOMES
Single-Family 70.9
Townhomes 10.0
Small Apt. Buildings 1.8
Apt. Complexes 17.0
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Broadview Heights HOMES
No Bedroom 1.58
1 Bedroom 5.36
2 Bedrooms 21.15
3 Bedrooms 37.38
4 Bedrooms 28.70
5 or more bedrooms 5.83

Popular Neighborhoods in Broadview Heights

Zip Codes in Broadview Heights, OH