Chesterland, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Chesterland Neighborhoods Since 2000




Chesterland, OH Real Estate Data


Chesterland Housing Market Information

With 2,548 people, 1,069 houses or apartments, and a median cost of homes of $257,461, 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 88.81% of the town's housing units. Other types of housing that are prevalent in Chesterland include mobile homes or trailers ( 9.46%), large apartment complexes or high rise apartments ( 1.73%).

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 90.16% of Chesterland's homes, and 78.62% 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 59.24% of the town's housing hails from this era. Other housing ages represented in Chesterland include homes built between 1970-1999 ( 25.57%) and housing constructed between 2000 and later ( 11.83%). There's also some housing in Chesterland built before 1939 ( 3.37%).

Chesterland Home Appreciation Rates

Real estate appreciation rates in Chesterland's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.25% during the period.

Appreciation rates are so strong in Chesterland that despite a nationwide downturn in the housing market, Chesterland real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Chesterland appreciation rates continue to be some of the highest in America, at 6.32%, which is higher than appreciation rates in 78.12% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Chesterland. Chesterland appreciation rates in the latest quarter were at 3.30%, which equates to an annual appreciation rate of 13.87%.

Importantly, this makes Chesterland one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$257,461

Chesterland, OH HOME PRICES

Value Range
> $1,162,000 0.0
$871,001 - $1,162,000 0.2
$581,001 - $871,000 3.4
$465,001 - $581,000 4.1
$349,001 - $465,000 15.0
$233,001 - $349,000 34.1
$116,001 - $233,000 36.3
$58,001 - $116,000 3.0
$0 - $58,000 3.8

Very High for OH
High for Nation

Value Relative to Nation Value Relative to State
21.9417930549862 7.48031496062992

Number Of Homes And Apartments:
1,069

Rent & Ownership

 

Average Market Rent:
$1,299 / per month

Homeownership Rate

Homeownership
Owners 90.16
Renters 9.84
Vacant 2.73

Housing Market Details

 

Age of Homes

AGE OF Chesterland HOMES
2000 or Newer 11.8
1970 - 1999 25.6
1940 - 1969 59.2
1939 or Older 3.4

Types of Homes

TYPE OF Chesterland HOMES
Single-Family 88.8
Townhomes 0.0
Small Apt. Buildings 0.0
Apt. Complexes 1.7
Mobile Homes 9.5
Other 0.0

Home Size

SIZE OF Chesterland HOMES
No Bedroom 0.00
1 Bedroom 2.46
2 Bedrooms 12.74
3 Bedrooms 50.77
4 Bedrooms 27.84
5 or more bedrooms 6.19

Chesterland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
11.06% 0.62% 5 1
* 10 is highest