Cheviot, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Cheviot Neighborhoods Since 2000




Cheviot, 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

Cheviot Housing Market Information

With a population of 8,295, 3,880 total housing units (homes and apartments), and a median house value of $95,247, house prices in Cheviot are some of the most affordable in Ohio as well as the nation.

Single-family detached homes are the single most common housing type in Cheviot, accounting for 57.75% of the city's housing units. Other types of housing that are prevalent in Cheviot include large apartment complexes or high rise apartments ( 21.36%), duplexes, homes converted to apartments or other small apartment buildings ( 19.83%).

People in Cheviot primarily live in small (one, two or no bedroom) single-family detached homes. Cheviot has a mixture of owner-occupied and renter-occupied housing.

The housing in Cheviot was primarily built before 1939 ( 45.10%), making the housing stock in Cheviot some of the oldest overall in America, although there is a range of ages of homes in Cheviot. The next most important housing age is between 1940-1969 ( 40.49%), followed by between 1970-1999 ( 14.41%).

Vacant housing appears to be an issue in Cheviot. Fully 12.38% of the housing stock is classified as vacant. Left unchecked, vacant Cheviot homes and apartments can be a drag on the real estate market, holding Cheviot real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Cheviot Home Appreciation Rates

Cheviot's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Cheviot during the period has been just -1.96%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Cheviot's appreciation rate, at 4.21%, has been at or slightly above the national average. In the latest quarter, Cheviot's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

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

Average Home Values

 

Median Home Value:
$95,247

Cheviot, OH HOME PRICES

Value Range
> $1,047,000 0.2
$785,001 - $1,047,000 0.0
$524,001 - $785,000 0.0
$419,001 - $524,000 0.0
$314,001 - $419,000 0.1
$210,001 - $314,000 1.2
$104,001 - $210,000 34.8
$52,001 - $104,000 58.6
$0 - $52,000 5.2

Very Low for OH
Very Low for Nation

Value Relative to Nation Value Relative to State
80.610570725419 82.6771653543307

Number Of Homes And Apartments:
3,880

Cheviot 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
-10.10% -0.62% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$698 / per month

Homeownership Rate

Homeownership
Owners 51.21
Renters 48.79
Vacant 12.38

Housing Market Details

 

Age of Homes

AGE OF Cheviot HOMES
2000 or Newer 0.0
1970 - 1999 14.4
1940 - 1969 40.5
1939 or Older 45.1

Types of Homes

TYPE OF Cheviot HOMES
Single-Family 57.7
Townhomes 0.5
Small Apt. Buildings 19.8
Apt. Complexes 21.4
Mobile Homes 0.0
Other 0.6

Home Size

SIZE OF Cheviot HOMES
No Bedroom 1.94
1 Bedroom 18.56
2 Bedrooms 32.48
3 Bedrooms 37.29
4 Bedrooms 9.60
5 or more bedrooms 0.14