Chesterland, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Chesterland Neighborhoods Since 2000




Chesterland, 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

Chesterland Housing Market Information

With a population of 2,548, 938 total housing units (homes and apartments), and a median house value of $225,083, Chesterland real estate is some of the most expensive in Ohio, although Chesterland home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Chesterland, accounting for 89.34% of the town's housing units. Other types of housing that are prevalent in Chesterland include mobile homes or trailers ( 8.21%), large apartment complexes or high rise apartments ( 2.45%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Chesterland. Owner-occupied housing accounts for 90.88% of Chesterland's homes, and 79.64% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Chesterland's housing was primarily built during this period, from the '40s through the '60s. A full 61.94% of the town's housing hails from this era. Other housing ages represented in Chesterland include homes built between 1970-1999 ( 30.70%) and housing constructed between 2000 and later ( 5.22%). There's also some housing in Chesterland built before 1939 ( 2.13%).

Chesterland Home Appreciation Rates

Chesterland's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Chesterland during the period has been just -1.01%, which is lower than 70% of US communities.

Over the last year, Chesterland appreciation rates have trailed the rest of the nation. In the last twelve months, Chesterland's appreciation rate has been -0.60%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Chesterland were at -0.21%, which equates to an annual appreciation rate of -0.82%.

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

Average Home Values

 

Median Home Value:
$225,083

Chesterland, OH HOME PRICES

Value Range
> $1,057,000 1.4
$793,001 - $1,057,000 0.3
$529,001 - $793,000 3.8
$423,001 - $529,000 4.1
$317,001 - $423,000 12.3
$211,001 - $317,000 32.9
$106,001 - $211,000 38.1
$53,001 - $106,000 3.4
$0 - $53,000 3.7

Very High for OH
High for Nation

Value Relative to Nation Value Relative to State
26.7783897808508 10.1049868766404

Number Of Homes And Apartments:
938

Chesterland 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
3.17% 0.18% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$955 / per month

Homeownership Rate

Homeownership
Owners 90.88
Renters 9.12
Vacant 0.00

Housing Market Details

 

Age of Homes

AGE OF Chesterland HOMES
2000 or Newer 5.2
1970 - 1999 30.7
1940 - 1969 61.9
1939 or Older 2.1

Types of Homes

TYPE OF Chesterland HOMES
Single-Family 89.3
Townhomes 0.0
Small Apt. Buildings 0.0
Apt. Complexes 2.5
Mobile Homes 8.2
Other 0.0

Home Size

SIZE OF Chesterland HOMES
No Bedroom 0.00
1 Bedroom 3.30
2 Bedrooms 11.09
3 Bedrooms 50.53
4 Bedrooms 29.10
5 or more bedrooms 5.97