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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Chesterland, 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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Chesterland, OH Housing Market Trends

With a population of 7,074, 2,972 total housing units (homes and apartments), and a median house value of $386,548, 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 91.10% of the town's housing units. Other types of housing that are prevalent in Chesterland include mobile homes or trailers ( 4.89%), row houses and other attached homes ( 2.81%).

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 89.43% of Chesterland's homes, and 73.81% 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 53.39% of the town's housing hails from this era. Other housing ages represented in Chesterland include homes built between 1970-1999 ( 36.92%) and housing constructed between 2000 and later ( 6.56%). There's also some housing in Chesterland built before 1939 ( 3.12%).

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 5.26%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Chesterland's appreciation rate, at 5.03%, has been at or slightly above the national average. In the latest quarter, Chesterland's appreciation rate has been -0.78%, which annualizes to a rate of -3.07%.

Notably, Chesterland's appreciation rate in the latest quarter is one of the lowest in America.

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

$386,548

Chesterland, OH Home Prices
> $1,292,000
$969,001 - $1,292,000
$646,001 - $969,000
$516,001 - $646,000
$388,001 - $516,000
$258,001 - $388,000
$129,001 - $258,000
$64,001 - $129,000
$0 - $64,000
0.4%
0.4%
1.7%
1.7%
3.4%
3.4%
11.8%
11.8%
29.5%
29.5%
33.1%
33.1%
12.4%
12.4%
4.1%
4.1%
3.5%
3.5%
0% 100.0%
% of Homes
Very High

for Ohio

High

for nation

Number of Homes And Apartments:

2,972

Chesterland Appreciation Rates

Rent & Ownership

Average Market Rent:

/ per month

Homeownership Rate

Owners
Renters
89.4%
89.4%
10.6%
10.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.2%
6.2%
93.8%
93.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
6.6%
6.6%
36.9%
36.9%
53.4%
53.4%
3.1%
3.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
91.1%
91.1%
2.8%
2.8%
0.8%
0.8%
0.4%
0.4%
4.9%
4.9%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
0.3%
0.3%
15.3%
15.3%
49.6%
49.6%
24.2%
24.2%
10.5%
10.5%
0% 100.0%
% of Homes