Chagrin Falls, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Chagrin Falls Neighborhoods Since 2000




Chagrin Falls, 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

Chagrin Falls Housing Market Information

With a population of 4,021, 1,881 total housing units (homes and apartments), and a median house value of $373,684, Chagrin Falls house prices are not only among the most expensive in Ohio, Chagrin Falls 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 Chagrin Falls, accounting for 59.02% of the village's housing units. Other types of housing that are prevalent in Chagrin Falls include large apartment complexes or high rise apartments ( 24.46%), duplexes, homes converted to apartments or other small apartment buildings ( 8.34%), and a few row houses and other attached homes ( 8.19%).

The most prevalent building size and type in Chagrin Falls are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 61.79% owning and 38.21% renting.

The housing in Chagrin Falls was primarily built before 1939 ( 34.25%), making the housing stock in Chagrin Falls some of the oldest overall in America, although there is a range of ages of homes in Chagrin Falls. The next most important housing age is between 1940-1969 ( 32.95%), followed by between 1970-1999 ( 28.53%). There's also some housing in Chagrin Falls built between 2000 and later ( 4.27%).

Chagrin Falls Home Appreciation Rates

Appreciation rates for homes in Chagrin Falls have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.47%, which ranks in the top 40% nationwide. This equates to an annual average Chagrin Falls house appreciation rate of 0.72%.

NeighborhoodScout's data show that during the latest twelve months, Chagrin Falls's appreciation rate, at 5.30%, has been at or slightly above the national average. In the latest quarter, Chagrin Falls's appreciation rate has been -0.21%, which annualizes to a rate of -0.82%.

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

Average Home Values

 

Median Home Value:
$373,684

Chagrin Falls, OH HOME PRICES

Value Range
> $1,098,000 1.3
$824,001 - $1,098,000 3.8
$549,001 - $824,000 8.8
$439,001 - $549,000 20.5
$329,001 - $439,000 23.0
$219,001 - $329,000 23.0
$110,001 - $219,000 12.7
$55,001 - $110,000 3.4
$0 - $55,000 3.6

Very High for OH
Very High for Nation

Value Relative to Nation Value Relative to State
10.7054963084495 2.0997375328084

Number Of Homes And Apartments:
1,881

Chagrin Falls 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
22.45% 1.18% 8 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,559 / per month

Homeownership Rate

Homeownership
Owners 61.79
Renters 38.21
Vacant 5.52

Housing Market Details

 

Age of Homes

AGE OF Chagrin Falls HOMES
2000 or Newer 4.3
1970 - 1999 28.5
1940 - 1969 32.9
1939 or Older 34.3

Types of Homes

TYPE OF Chagrin Falls HOMES
Single-Family 59.0
Townhomes 8.2
Small Apt. Buildings 8.3
Apt. Complexes 24.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Chagrin Falls HOMES
No Bedroom 0.70
1 Bedroom 9.49
2 Bedrooms 30.69
3 Bedrooms 30.29
4 Bedrooms 25.16
5 or more bedrooms 3.67